Brokerages Set Genius Sports Limited (NYSE:GENI) Price Target at $10.39

Genius Sports Limited (NYSE:GENI) has received an average recommendation of “Buy” from the nine brokerages that are covering the firm, Marketbeat.com reports. Nine investment analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $10.72.

A number of research analysts have commented on the stock. Benchmark raised their target price on shares of Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Macquarie boosted their price objective 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. The Goldman Sachs Group upped their target price on Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a report on Thursday, November 14th. Oppenheimer lifted their price target on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, B. Riley upped their price objective on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th.

Institutional Trading of Genius Sports

Large investors have recently bought and sold shares of the stock. Sound Income Strategies LLC purchased a new position in shares of Genius Sports in the third quarter worth about $78,000. Arkadios Wealth Advisors purchased a new stake in shares of Genius Sports in the 3rd quarter valued at $79,000. Captrust Financial Advisors acquired a new stake in shares of Genius Sports in the third quarter worth $84,000. Koss Olinger Consulting LLC purchased a new position in shares of Genius Sports during the second quarter worth $64,000. Finally, Walleye Trading LLC lifted its position in Genius Sports by 169.9% during the third quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock valued at $95,000 after purchasing an additional 29,555 shares during the period. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Performance

Genius Sports stock opened at $9.78 on Monday. The company has a market capitalization of $2.24 billion, a PE ratio of -30.63 and a beta of 1.98. The company has a 50 day moving average price of $7.87 and a 200-day moving average price of $6.79. Genius Sports has a fifty-two week low of $4.91 and a fifty-two week high of $10.15.

Genius Sports (NYSE:GENI) last issued its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. The business had revenue of $120.20 million during the quarter, compared to analyst estimates of $118.94 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. Genius Sports’s revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) EPS. On average, analysts forecast that Genius Sports will post -0.16 earnings per share for the current year.

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.