Shares of Genius Sports Limited (NYSE:GENI – Get Free Report) saw strong trading volume on Monday . 2,005,390 shares changed hands during mid-day trading, an increase of 40% from the previous session’s volume of 1,435,898 shares.The stock last traded at $5.90 and had previously closed at $5.69.
Analysts Set New Price Targets
GENI has been the subject of a number of research analyst reports. Lake Street Capital lifted their target price on Genius Sports from $7.00 to $8.50 in a report on Tuesday, August 8th. JMP Securities reiterated a “market outperform” rating and issued a $9.00 price objective on shares of Genius Sports in a research note on Tuesday, September 5th. BTIG Research lifted their price objective on shares of Genius Sports from $6.00 to $9.00 in a research note on Tuesday, July 11th. B. Riley lifted their price target on shares of Genius Sports from $9.00 to $10.00 in a research note on Tuesday, August 8th. Finally, Oppenheimer lifted their price target on shares of Genius Sports from $7.00 to $10.00 and gave the company an “outperform” rating in a research note on Tuesday, August 8th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Genius Sports currently has an average rating of “Buy” and a consensus price target of $9.28.
Genius Sports Stock Performance
Genius Sports (NYSE:GENI – Get Free Report) last announced its quarterly earnings results on Monday, August 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). Genius Sports had a negative return on equity of 13.95% and a negative net margin of 46.77%. The business had revenue of $86.90 million during the quarter, compared to the consensus estimate of $80.57 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. Genius Sports’s revenue was up 22.2% compared to the same quarter last year. On average, sell-side analysts predict that Genius Sports Limited will post -0.22 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Genius Sports
A number of institutional investors have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new position in shares of Genius Sports in the fourth quarter valued at approximately $35,000. United Capital Financial Advisers LLC bought a new position in Genius Sports in the 4th quarter valued at $37,000. Vanguard Personalized Indexing Management LLC bought a new position in Genius Sports in the 2nd quarter valued at $39,000. Belpointe Asset Management LLC bought a new position in Genius Sports in the 4th quarter valued at $40,000. Finally, FNY Investment Advisers LLC bought a new position in Genius Sports in the 1st quarter valued at $43,000. 43.24% of the stock is owned by institutional investors.
Genius Sports Company Profile
Genius Sports Limited develops and sells technology-led products and services to the sports, sports betting, and sports media industries. It offers technology infrastructure for the collection, integration, and distribution of live data of sports leagues; streaming solutions comprising technology, automatic production, and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as a full suite of online and offline educational and consultancy services.
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