Genius Sports Limited (NYSE:GENI) Receives $14.22 Average PT from Analysts

Shares of Genius Sports Limited (NYSE:GENI) have received a consensus rating of “Moderate Buy” from the twenty-one research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $14.2222.

Several brokerages recently issued reports on GENI. Wall Street Zen lowered shares of Genius Sports from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. The Goldman Sachs Group raised their price target on shares of Genius Sports from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Guggenheim set a $16.00 price target on shares of Genius Sports and gave the stock a “buy” rating in a report on Thursday, August 7th. B. Riley raised their price target on shares of Genius Sports from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Northland Capmk upgraded shares of Genius Sports to a “strong-buy” rating in a research note on Friday, July 25th.

Institutional Trading of Genius Sports

Hedge funds have recently modified their holdings of the stock. Quarry LP bought a new stake in shares of Genius Sports in the 1st quarter valued at $37,000. Pacer Advisors Inc. grew its position in Genius Sports by 61.5% in the 1st quarter. Pacer Advisors Inc. now owns 3,754 shares of the company’s stock valued at $38,000 after purchasing an additional 1,430 shares during the period. CWM LLC grew its position in Genius Sports by 275.5% in the 2nd quarter. CWM LLC now owns 3,980 shares of the company’s stock valued at $41,000 after purchasing an additional 2,920 shares during the period. FNY Investment Advisers LLC acquired a new stake in Genius Sports in the 2nd quarter valued at $75,000. Finally, Amalgamated Bank acquired a new stake in Genius Sports in the 2nd quarter valued at $79,000. Institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Performance

GENI stock opened at $11.90 on Thursday. The company’s 50-day simple moving average is $12.55 and its 200 day simple moving average is $11.04. Genius Sports has a 52 week low of $6.72 and a 52 week high of $13.73. The company has a market capitalization of $2.56 billion, a PE ratio of -38.39 and a beta of 1.85.

Genius Sports (NYSE:GENI) last released its quarterly earnings results 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 net margin of 13.94% and a negative return on equity of 11.48%. The business had revenue of $118.72 million during the quarter, compared to analyst estimates of $118.28 million. During the same quarter last year, the company posted ($0.09) earnings per share. The company’s revenue was up 24.4% on a year-over-year basis. On average, analysts forecast that Genius Sports will post -0.1 EPS 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.