Genius Sports Limited (NYSE:GENI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Genius Sports Limited (NYSE:GENI) has been given a consensus rating of “Moderate Buy” by the ten research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $11.28.

Several equities research analysts recently issued reports on the company. 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. The Goldman Sachs Group boosted their price objective on Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a report on Thursday, November 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 target price on shares of Genius Sports in a research note on Friday. Oppenheimer boosted their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Citigroup raised their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th.

Genius Sports Stock Down 0.5 %

GENI stock opened at $8.72 on Tuesday. The stock has a 50-day simple moving average of $9.12 and a two-hundred day simple moving average of $7.83. Genius Sports has a twelve month low of $4.91 and a twelve month high of $10.33. The firm has a market capitalization of $2.00 billion, a PE ratio of -27.23 and a beta of 2.15.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GENI. Sound Income Strategies LLC purchased a new stake in Genius Sports during the 3rd quarter valued at about $78,000. Arkadios Wealth Advisors purchased a new stake in shares of Genius Sports during the third quarter valued at approximately $79,000. Captrust Financial Advisors bought a new position in shares of Genius Sports in the third quarter worth approximately $84,000. Walleye Trading LLC increased its stake in shares of Genius Sports by 169.9% in the third quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock worth $95,000 after buying an additional 29,555 shares during the period. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Genius Sports during the 2nd quarter valued at $67,000. 81.91% of the stock is owned by institutional investors.

Genius Sports Company Profile

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.