Genius Sports (NYSE:GENI) Stock Price Expected to Rise, Lake Street Capital Analyst Says

Genius Sports (NYSE:GENI) had its price target upped by stock analysts at Lake Street Capital from $10.50 to $11.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Lake Street Capital’s target price would suggest a potential upside of 13.11% from the stock’s current price.

Other research analysts also recently issued reports about the company. Macquarie boosted their target price on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. JMP Securities reissued a “market outperform” rating and issued a $11.00 price objective on shares of Genius Sports in a research note on Monday, January 27th. Oppenheimer raised their target price on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Needham & Company LLC reiterated a “buy” rating and set a $12.00 price target on shares of Genius Sports in a research report on Tuesday. Finally, Citizens Jmp lowered shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $11.83.

Genius Sports Stock Up 4.5 %

Genius Sports stock traded up $0.42 during mid-day trading on Wednesday, hitting $9.73. 5,503,809 shares of the company were exchanged, compared to its average volume of 2,461,698. Genius Sports has a 1-year low of $4.91 and a 1-year high of $10.33. The business has a fifty day moving average of $8.97 and a 200 day moving average of $8.42. The company has a market capitalization of $2.09 billion, a PE ratio of -30.39 and a beta of 2.15.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GENI. GSA Capital Partners LLP bought a new position in Genius Sports in the third quarter valued at approximately $532,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Genius Sports in the 4th quarter valued at $11,292,000. D.A. Davidson & CO. boosted its position in shares of Genius Sports by 2.7% in the 4th quarter. D.A. Davidson & CO. now owns 53,608 shares of the company’s stock worth $464,000 after purchasing an additional 1,396 shares during the last quarter. Senvest Management LLC grew its stake in shares of Genius Sports by 12.2% during the third quarter. Senvest Management LLC now owns 7,546,809 shares of the company’s stock worth $59,167,000 after purchasing an additional 819,385 shares during the period. Finally, Millrace Asset Group Inc. bought a new stake in Genius Sports in the third quarter valued at about $1,897,000. Institutional investors own 81.91% of the company’s stock.

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.