Genius Sports Limited (NYSE:GENI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Genius Sports Limited (NYSE:GENI) has received an average recommendation of “Moderate Buy” from the twenty-one analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, fourteen have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $14.0952.

A number of brokerages have recently commented on GENI. Oppenheimer decreased their price target on shares of Genius Sports from $15.00 to $12.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Zacks Research upgraded shares of Genius Sports from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Genius Sports in a report on Monday, December 29th. The Goldman Sachs Group raised their target price on Genius Sports from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Finally, UBS Group set a $16.00 target price on shares of Genius Sports in a research note on Monday, December 8th.

Institutional Trading of Genius Sports

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC bought a new stake in shares of Genius Sports in the fourth quarter worth $239,000. Jain Global LLC purchased a new position in shares of Genius Sports during the 4th quarter valued at $308,000. Caledonia Private Investments Pty Ltd bought a new position in shares of Genius Sports in the fourth quarter worth about $5,255,000. Trexquant Investment LP grew its holdings in Genius Sports by 16.6% during the 4th quarter. Trexquant Investment LP now owns 1,010,392 shares of the company’s stock valued at $11,135,000 after buying an additional 143,664 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Genius Sports by 6.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 127,403 shares of the company’s stock worth $1,404,000 after purchasing an additional 7,159 shares in the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Genius Sports Price Performance

NYSE:GENI opened at $5.80 on Wednesday. The stock’s fifty day moving average price is $9.48 and its two-hundred day moving average price is $10.93. The company has a market cap of $1.25 billion, a P/E ratio of -12.34 and a beta of 1.85. Genius Sports has a 1 year low of $5.74 and a 1 year high of $13.73.

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.