Genius Sports (NYSE:GENI) Price Target Raised to $13.00 at UBS Group

Genius Sports (NYSE:GENI) had its price objective increased by UBS Group from $11.00 to $13.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also recently issued reports on GENI. Wall Street Zen cut shares of Genius Sports from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Macquarie raised their price objective on Genius Sports from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Needham & Company LLC boosted their price target on shares of Genius Sports from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. The Goldman Sachs Group boosted their price objective on Genius Sports from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Finally, Benchmark boosted their target price on Genius Sports from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Genius Sports presently has an average rating of “Buy” and an average price target of $14.12.

Genius Sports Trading Down 1.9%

GENI opened at $12.58 on Wednesday. Genius Sports has a 12-month low of $6.72 and a 12-month high of $13.73. The firm has a 50 day moving average of $11.81 and a two-hundred day moving average of $10.53. The firm has a market capitalization of $2.71 billion, a PE ratio of -40.56 and a beta of 1.87.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.17). Genius Sports had a negative return on equity of 11.48% and a negative net margin of 13.94%.The company had revenue of $118.72 million during the quarter, compared to analysts’ expectations of $118.28 million. During the same quarter in the prior year, the company posted ($0.09) EPS. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. As a group, analysts predict that Genius Sports will post -0.1 EPS for the current fiscal year.

Institutional Trading of Genius Sports

Several large investors have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its stake in shares of Genius Sports by 72.6% during the second quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock valued at $111,000 after acquiring an additional 4,477 shares during the last quarter. Orion Porfolio Solutions LLC purchased a new stake in shares of Genius Sports during the 2nd quarter valued at about $112,000. Nomura Holdings Inc. acquired a new stake in Genius Sports during the 2nd quarter valued at approximately $5,200,000. Castleark Management LLC grew its stake in Genius Sports by 5.7% during the 2nd quarter. Castleark Management LLC now owns 677,620 shares of the company’s stock valued at $7,047,000 after purchasing an additional 36,420 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Genius Sports by 6,252.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 28,586 shares of the company’s stock valued at $297,000 after purchasing an additional 28,136 shares in the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

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.