Genius Sports Limited (NYSE:GENI) Given Average Rating of “Buy” by Brokerages

Genius Sports Limited (NYSE:GENI) has received a consensus rating of “Buy” from the nine research firms that are currently covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $10.39.

A number of analysts have recently weighed in on the stock. Benchmark raised their price target on shares of Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. B. Riley raised their price objective on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $9.00 target price on shares of Genius Sports in a research report on Tuesday, November 12th. Oppenheimer raised their price target on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group upped their price objective on shares of Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a report on Thursday, November 14th.

Genius Sports Stock Up 1.7 %

Shares of GENI stock opened at $9.07 on Monday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of -28.34 and a beta of 1.98. Genius Sports has a 52-week low of $4.91 and a 52-week high of $10.15. The company’s 50 day moving average is $7.80 and its 200 day moving average is $6.74.

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

Institutional Investors Weigh In On Genius Sports

A number of institutional investors have recently added to or reduced their stakes in GENI. FMR LLC raised its position in Genius Sports by 53.2% during the third quarter. FMR LLC now owns 7,219,874 shares of the company’s stock worth $56,604,000 after acquiring an additional 2,507,165 shares during the period. Divisadero Street Capital Management LP purchased a new stake in Genius Sports in the second quarter valued at $11,233,000. Massachusetts Financial Services Co. MA lifted its position in Genius Sports by 28.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,828,803 shares of the company’s stock valued at $37,217,000 after buying an additional 1,502,958 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Genius Sports in the 2nd quarter worth approximately $6,575,000. Finally, Rice Hall James & Associates LLC purchased a new position in Genius Sports during the 2nd quarter valued at about $5,521,000. Institutional investors and hedge funds own 81.91% of the company’s stock.

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.