Genius Sports (NYSE:GENI) Given Buy Rating at Benchmark

Benchmark reiterated their buy rating on shares of Genius Sports (NYSE:GENI) in a report released on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has a $16.00 price target on the stock.

GENI has been the topic of several other reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Genius Sports in a research report on Monday, December 22nd. Guggenheim set a $17.00 price objective on Genius Sports in a report on Thursday, December 4th. Citigroup reaffirmed a “market outperform” rating on shares of Genius Sports in a research note on Tuesday, December 16th. Citizens Jmp increased their target price 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, December 4th. Finally, BTIG Research raised their price target on shares of Genius Sports from $14.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Genius Sports presently has an average rating of “Moderate Buy” and a consensus target price of $15.05.

Genius Sports Stock Performance

GENI opened at $11.37 on Tuesday. Genius Sports has a 1 year low of $8.15 and a 1 year high of $13.73. The company’s 50 day simple moving average is $10.60 and its 200 day simple moving average is $11.31. The stock has a market capitalization of $2.45 billion, a PE ratio of -24.19 and a beta of 1.94.

Genius Sports (NYSE:GENI) last issued its quarterly 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). The company had revenue of $166.28 million for the quarter, compared to analyst estimates of $156.24 million. Genius Sports had a negative return on equity of 14.39% and a negative net margin of 19.71%. As a group, sell-side analysts expect that Genius Sports will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Genius Sports

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Genius Sports in the first quarter valued at about $37,000. CWM LLC increased its stake in shares of Genius Sports by 275.5% in the second quarter. CWM LLC now owns 3,980 shares of the company’s stock worth $41,000 after buying an additional 2,920 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Genius Sports in the third quarter valued at $65,000. Strs Ohio boosted its stake in Genius Sports by 178.9% during the 3rd quarter. Strs Ohio now owns 5,300 shares of the company’s stock valued at $66,000 after acquiring an additional 3,400 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Genius Sports during the 2nd quarter valued at $75,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

About Genius Sports

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.