Genius Sports’ (GENI) “Buy” Rating Reaffirmed at BTIG Research

BTIG Research reiterated their buy rating on shares of Genius Sports (NYSE:GENI) in a research report report published on Thursday,Benzinga reports. The brokerage currently has a $16.00 price target on the stock.

A number of other research firms have also weighed in on GENI. Macquarie Infrastructure reiterated an “outperform” rating and issued a $15.00 price objective on shares of Genius Sports in a research note on Wednesday, November 5th. Needham & Company LLC restated a “buy” rating and issued a $16.00 price objective on shares of Genius Sports in a research report on Thursday, December 4th. The Goldman Sachs Group increased their target price on Genius Sports from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. New Street Research set a $17.00 target price on shares of Genius Sports in a report on Thursday, December 4th. Finally, Benchmark reiterated a “buy” rating on shares of Genius Sports in a report on Friday, February 6th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $14.14.

Genius Sports Trading Down 1.6%

Shares of Genius Sports stock opened at $6.05 on Thursday. The firm’s 50 day simple moving average is $9.78 and its two-hundred day simple moving average is $11.04. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -12.87 and a beta of 1.85. Genius Sports has a 12-month low of $5.91 and a 12-month high of $13.73.

Hedge Funds Weigh In On Genius Sports

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC lifted its position in Genius Sports by 275.5% in the second quarter. CWM LLC now owns 3,980 shares of the company’s stock valued at $41,000 after acquiring an additional 2,920 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Genius Sports during the 3rd quarter worth approximately $65,000. Strs Ohio lifted its holdings in Genius Sports by 178.9% in the third 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 period. FNY Investment Advisers LLC acquired a new stake in Genius Sports in the second quarter valued at $75,000. Finally, Amalgamated Bank purchased a new stake in shares of Genius Sports during the 2nd quarter worth $79,000. 81.91% of the stock is owned by institutional investors and hedge funds.

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.