Brokerages Set Genius Sports Limited (NYSE:GENI) Price Target at $12.84

Shares of Genius Sports Limited (NYSE:GENI) have been given a consensus rating of “Moderate Buy” by the twenty brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $12.8421.

Several research analysts have recently commented on the company. Guggenheim decreased their target price on Genius Sports from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Genius Sports in a research report on Monday, December 29th. Truist Financial reduced their price objective on Genius Sports from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. UBS Group reiterated a “buy” rating on shares of Genius Sports in a research note on Wednesday, March 4th. Finally, Stifel Nicolaus dropped their target price on shares of Genius Sports from $10.00 to $7.00 and set a “hold” rating on the stock in a report on Thursday, February 19th.

Institutional Investors Weigh In On Genius Sports

Institutional investors and hedge funds have recently bought and sold shares of the business. Uniplan Investment Counsel Inc. lifted its holdings in Genius Sports by 31.7% in the fourth quarter. Uniplan Investment Counsel Inc. now owns 178,100 shares of the company’s stock worth $1,963,000 after acquiring an additional 42,895 shares during the last quarter. Numerai GP LLC grew its holdings in shares of Genius Sports by 31.6% during the fourth quarter. Numerai GP LLC now owns 61,605 shares of the company’s stock valued at $679,000 after purchasing an additional 14,798 shares during the last quarter. Occudo Quantitative Strategies LP raised its position in shares of Genius Sports by 70.5% during the 4th quarter. Occudo Quantitative Strategies LP now owns 135,621 shares of the company’s stock worth $1,495,000 after purchasing an additional 56,070 shares during the period. Odyssean LLC acquired a new stake in shares of Genius Sports during the 4th quarter worth approximately $770,000. Finally, Ophir Asset Management Pty Ltd lifted its holdings in shares of Genius Sports by 28.9% in the 4th quarter. Ophir Asset Management Pty Ltd now owns 3,771,695 shares of the company’s stock worth $41,564,000 after purchasing an additional 844,661 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Stock Performance

Shares of Genius Sports stock opened at $4.99 on Friday. Genius Sports has a 1 year low of $4.96 and a 1 year high of $13.73. The firm’s 50-day simple moving average is $7.44 and its 200-day simple moving average is $9.97. The firm has a market cap of $1.07 billion, a PE ratio of -11.61 and a beta of 1.91.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Wednesday, March 4th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The firm had revenue of $240.50 million during the quarter, compared to analyst estimates of $234.94 million. Genius Sports had a negative return on equity of 13.66% and a negative net margin of 16.67%.The firm’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) earnings per share. On average, equities analysts predict that Genius Sports will post -0.1 earnings per share for the current year.

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.