Brokerages Set Genius Sports Limited (NYSE:GENI) PT at $12.23

Shares of Genius Sports Limited (NYSE:GENI) have received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $12.23.

Several equities analysts have issued reports on GENI shares. Guggenheim initiated coverage on shares of Genius Sports in a research report on Tuesday, March 18th. They issued a “buy” rating and a $12.00 price target for the company. Benchmark increased their price objective on Genius Sports from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Needham & Company LLC set a $13.00 target price on Genius Sports in a research report on Wednesday, March 5th. Lake Street Capital upped their price target on Genius Sports from $10.50 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Finally, Citizens Jmp downgraded Genius Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th.

Institutional Trading of Genius Sports

Hedge funds have recently modified their holdings of the stock. Park National Corp OH acquired a new stake in shares of Genius Sports in the 1st quarter valued at about $107,000. Polar Asset Management Partners Inc. acquired a new position in Genius Sports during the 4th quarter worth approximately $8,080,000. Castleark Management LLC bought a new position in Genius Sports in the fourth quarter worth approximately $3,962,000. Two Sigma Investments LP acquired a new stake in Genius Sports in the fourth quarter valued at approximately $227,000. Finally, State of Wyoming increased its holdings in shares of Genius Sports by 8.3% during the fourth quarter. State of Wyoming now owns 45,630 shares of the company’s stock valued at $395,000 after acquiring an additional 3,495 shares in the last quarter. Institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Down 7.2 %

NYSE GENI opened at $9.51 on Friday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of -29.70 and a beta of 2.14. Genius Sports has a twelve month low of $4.91 and a twelve month high of $11.16. The business’s fifty day moving average is $9.46 and its 200 day moving average is $8.77.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm had revenue of $175.53 million for the quarter, compared to analyst estimates of $175.52 million. During the same period in the previous year, the business posted ($0.10) earnings per share. On average, research analysts anticipate that Genius Sports will post -0.1 earnings per share for the current fiscal year.

About Genius Sports

Genius Sports Limited engages in the development and sale of technology-led products and services to the sports, sports betting, and sports media industries. It offers technology infrastructure for the collection, integration, and distribution of live data of sports leagues; streaming solutions comprising technology, automatic production, and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as a full suite of online and offline educational and consultancy services.