Genius Sports Limited (NYSE:GENI) Receives $11.50 Average Target Price from Analysts

Shares of Genius Sports Limited (NYSE:GENI) have received an average recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, fourteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $11.4444.

Several research analysts have issued reports on the company. Roth Capital set a $10.00 price target on Genius Sports in a report on Friday, May 8th. Truist Financial decreased their price objective on Genius Sports from $13.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Weiss Ratings lowered Genius Sports from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday. Needham & Company LLC cut their target price on Genius Sports from $14.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, B. Riley Financial reissued a “buy” rating on shares of Genius Sports in a research report on Friday, May 8th.

Hedge Funds Weigh In On Genius Sports

Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in Genius Sports by 17.6% during the first quarter. Royal Bank of Canada now owns 44,339 shares of the company’s stock worth $444,000 after purchasing an additional 6,623 shares during the last quarter. Cetera Investment Advisers grew its stake in Genius Sports by 10.0% in the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after purchasing an additional 1,388 shares during the period. Prudential Financial Inc. bought a new position in Genius Sports in the 2nd quarter valued at $266,000. Invesco Ltd. boosted its holdings in shares of Genius Sports by 3,584.2% in the 2nd quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock worth $34,233,000 after buying an additional 3,202,290 shares during the last quarter. Finally, Frontier Capital Management Co. LLC purchased a new stake in Genius Sports during the second quarter worth about $14,220,000. Institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Performance

Genius Sports stock opened at $6.79 on Friday. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of -11.14 and a beta of 1.91. Genius Sports has a 52-week low of $3.83 and a 52-week high of $13.73. The stock’s 50 day moving average price is $5.96 and its two-hundred day moving average price is $6.27.

Genius Sports (NYSE:GENI) last issued its earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.12). Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.The company had revenue of $187.95 million for the quarter, compared to the consensus estimate of $170.60 million. During the same period in the prior year, the company earned ($0.03) earnings per share. The firm’s revenue was up 30.5% compared to the same quarter last year. On average, equities research analysts forecast that Genius Sports will post -0.12 EPS for the current year.

Genius Sports Company Profile

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.