Genius Sports (NYSE:GENI) Stock Price Up 6.7% – Time to Buy?

Genius Sports Limited (NYSE:GENI) shares traded up 6.7% on Tuesday . The stock traded as high as $9.70 and last traded at $9.7510. 842,223 shares traded hands during trading, a decline of 82% from the average session volume of 4,626,230 shares. The stock had previously closed at $9.14.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GENI. B. Riley raised their price objective on shares of Genius Sports from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Zacks Research downgraded shares of Genius Sports from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 5th. Needham & Company LLC restated a “buy” rating and set a $16.00 price target on shares of Genius Sports in a research report on Tuesday, November 4th. Benchmark upped their price target on shares of Genius Sports from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Finally, Wells Fargo & Company assumed coverage on Genius Sports in a research report on Tuesday, November 18th. They issued an “equal weight” rating and a $10.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.11.

Genius Sports Trading Down 0.6%

The stock’s fifty day moving average price is $11.31 and its 200 day moving average price is $11.14. The stock has a market cap of $2.12 billion, a P/E ratio of -20.95 and a beta of 1.84.

Genius Sports (NYSE:GENI) last announced its earnings results on Tuesday, November 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.18). The company had revenue of $166.28 million during the quarter, compared to analysts’ expectations of $156.24 million. Genius Sports had a negative return on equity of 14.39% and a negative net margin of 19.71%. Genius Sports has set its FY 2025 guidance at EPS. On average, analysts anticipate that Genius Sports Limited will post -0.1 earnings per share for the current year.

Hedge Funds Weigh In On Genius Sports

Several institutional investors have recently modified their holdings of the company. Penn Capital Management Company LLC lifted its position in Genius Sports by 2,593.7% in the 3rd quarter. Penn Capital Management Company LLC now owns 1,219,711 shares of the company’s stock worth $15,116,000 after buying an additional 1,174,431 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Genius Sports in the 3rd quarter valued at about $289,000. Oberweis Asset Management Inc. purchased a new stake in Genius Sports during the 3rd quarter valued at about $12,567,000. Castleark Management LLC grew its position in Genius Sports by 4.0% during the 3rd quarter. Castleark Management LLC now owns 704,666 shares of the company’s stock worth $8,724,000 after acquiring an additional 27,046 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in Genius Sports in the 3rd quarter worth approximately $941,000. 81.91% of the stock is currently 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.