B. Riley Raises Genius Sports (NYSE:GENI) Price Target to $12.00

Genius Sports (NYSE:GENI) had its target price lifted by analysts at B. Riley from $10.00 to $12.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley’s target price suggests a potential upside of 27.80% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Benchmark raised their target price on Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday. Oppenheimer upped their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday. The Goldman Sachs Group lifted their price objective on Genius Sports from $7.50 to $8.50 and gave the company a “buy” rating in a report on Thursday, August 8th. Macquarie raised their target price on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $9.00 price target on shares of Genius Sports in a research report on Tuesday. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $10.39.

Genius Sports Trading Down 2.1 %

Shares of Genius Sports stock opened at $9.39 on Wednesday. The company has a market cap of $2.15 billion, a price-to-earnings ratio of -29.34 and a beta of 1.98. Genius Sports has a 1 year low of $4.91 and a 1 year high of $10.15. The company’s fifty day simple moving average is $7.62 and its 200-day simple moving average is $6.56.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, beating 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 14.09%. The business had revenue of $120.20 million during the quarter, compared to analyst estimates of $118.94 million. During the same quarter in the prior year, the business earned ($0.06) earnings per share. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, research analysts forecast that Genius Sports will post -0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Koss Olinger Consulting LLC acquired a new stake in Genius Sports in the 2nd quarter valued at about $64,000. Vanguard Personalized Indexing Management LLC bought a new position in Genius Sports in the 2nd quarter worth approximately $67,000. Sound Income Strategies LLC acquired a new position in Genius Sports during the 3rd quarter worth $78,000. Arkadios Wealth Advisors bought a new position in Genius Sports in the 3rd quarter valued at $79,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Genius Sports in the 3rd quarter valued at $84,000. 81.91% of the stock is owned by institutional investors.

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.