Genius Sports (NYSE:GENI) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Genius Sports (NYSE:GENI) in a research report released on Friday morning,Benzinga reports. The brokerage currently has a $12.00 price objective on the stock.

Several other equities analysts have also commented on the stock. Benchmark upped their price target on shares of Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Citizens Jmp downgraded Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Oppenheimer lifted their target price on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. The Goldman Sachs Group upped their price target on Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, B. Riley lifted their price objective on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.28.

Genius Sports Stock Down 0.5 %

Shares of Genius Sports stock opened at $8.72 on Friday. Genius Sports has a fifty-two week low of $4.91 and a fifty-two week high of $10.33. The business’s fifty day moving average is $9.11 and its two-hundred day moving average is $7.77. The firm has a market cap of $2.00 billion, a PE ratio of -27.23 and a beta of 2.15.

Genius Sports (NYSE:GENI) last released its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.06. The firm had revenue of $120.20 million for the quarter, compared to the consensus estimate of $118.94 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.06) earnings per share. Equities research analysts anticipate that Genius Sports will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Moody National Bank Trust Division boosted its position in Genius Sports by 1.5% in the 4th quarter. Moody National Bank Trust Division now owns 520,214 shares of the company’s stock valued at $4,500,000 after buying an additional 7,674 shares during the last quarter. Sound Income Strategies LLC purchased a new position in Genius Sports in the third quarter valued at about $78,000. Arkadios Wealth Advisors acquired a new stake in Genius Sports during the 3rd quarter valued at approximately $79,000. Captrust Financial Advisors purchased a new stake in Genius Sports during the 3rd quarter worth approximately $84,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of Genius Sports in the 2nd quarter valued at approximately $67,000. 81.91% of the stock is owned by institutional investors and hedge funds.

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.