Genius Sports Limited (NYSE:GENI) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Genius Sports Limited (NYSE:GENI) have received an average rating of “Moderate Buy” from the twenty-two brokerages that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $14.75.

GENI has been the subject of several recent research reports. Citizens Jmp upped their price target on shares of Genius Sports from $15.00 to $17.00 and gave the stock a “market outperform” rating in a research report on Thursday. Guggenheim set a $17.00 target price on Genius Sports in a research note on Thursday. B. Riley increased their price target on Genius Sports from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Genius Sports in a report on Monday. Finally, Benchmark lifted their price objective on shares of Genius Sports from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th.

Genius Sports Stock Performance

NYSE:GENI opened at $11.23 on Friday. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of -23.89 and a beta of 1.94. Genius Sports has a one year low of $8.15 and a one year high of $13.73. The stock has a 50-day simple moving average of $11.02 and a 200 day simple moving average of $11.15.

Genius Sports (NYSE:GENI) last issued its earnings results on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.18). Genius Sports had a negative return on equity of 14.39% and a negative net margin of 19.71%.The firm had revenue of $166.28 million during the quarter, compared to analyst estimates of $156.24 million. On average, equities research analysts forecast that Genius Sports will post -0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new stake in shares of Genius Sports during the 1st quarter worth $37,000. CWM LLC raised its position in shares of Genius Sports by 275.5% during the second quarter. CWM LLC now owns 3,980 shares of the company’s stock worth $41,000 after purchasing an additional 2,920 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of Genius Sports during the third quarter valued at $65,000. Strs Ohio boosted its position in shares of Genius Sports by 178.9% in the 3rd quarter. Strs Ohio now owns 5,300 shares of the company’s stock valued at $66,000 after purchasing an additional 3,400 shares during the period. Finally, Bessemer Group Inc. boosted its position in shares of Genius Sports by 1,163.1% in the 3rd quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock valued at $87,000 after purchasing an additional 6,455 shares during the period. 81.91% of the stock is currently owned by institutional investors.

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.