Lake Street Capital Issues Positive Forecast for Genius Sports (NYSE:GENI) Stock Price

Genius Sports (NYSE:GENI) had its price objective boosted by Lake Street Capital from $10.50 to $11.00 in a report published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also recently commented on GENI. The Goldman Sachs Group raised their price target on shares of Genius Sports from $11.00 to $12.50 and gave the company a “buy” rating in a research report on Wednesday. Citizens Jmp cut Genius Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $11.00 price target on shares of Genius Sports in a research report on Monday, January 27th. B. Riley boosted 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. Finally, Macquarie upped their target price 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. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $11.83.

Genius Sports Stock Performance

GENI stock opened at $9.73 on Wednesday. Genius Sports has a one year low of $4.91 and a one year high of $10.33. The firm has a market cap of $2.09 billion, a PE ratio of -30.39 and a beta of 2.15. The firm’s 50 day moving average price is $8.99 and its 200-day moving average price is $8.43.

Genius Sports (NYSE:GENI) last posted its earnings results on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). The business had revenue of $175.53 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm earned ($0.10) EPS. Equities research analysts predict that Genius Sports will post -0.1 EPS for the current fiscal year.

Institutional Trading of Genius Sports

Institutional investors have recently modified their holdings of the stock. Emerald Mutual Fund Advisers Trust purchased a new stake in Genius Sports in the fourth quarter valued at approximately $58,000. Captrust Financial Advisors acquired a new stake in shares of Genius Sports during the third quarter worth about $84,000. Walleye Trading LLC increased its position in Genius Sports by 169.9% in the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock valued at $95,000 after acquiring an additional 29,555 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock valued at $105,000 after acquiring an additional 3,429 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in Genius Sports during the 4th quarter worth approximately $129,000. Hedge funds and other institutional investors 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.