Genius Sports Limited (NYSE:GENI) Receives $9.41 Average Target Price from Analysts

Genius Sports Limited (NYSE:GENI) has earned a consensus recommendation of “Buy” from the ten analysts that are covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $9.25.

Several analysts recently issued reports on GENI shares. Benchmark reissued a “buy” rating and issued a $10.00 price target on shares of Genius Sports in a report on Thursday, March 7th. JMP Securities reissued a “market outperform” rating and issued a $8.00 price target on shares of Genius Sports in a report on Thursday, March 7th. Oppenheimer reissued an “outperform” rating and issued a $10.00 price target on shares of Genius Sports in a report on Thursday, April 4th. Macquarie started coverage on Genius Sports in a report on Thursday, December 21st. They issued an “outperform” rating and a $11.00 price target on the stock. Finally, The Goldman Sachs Group started coverage on Genius Sports in a report on Tuesday. They issued a “buy” rating and a $7.50 price target on the stock.

Genius Sports Trading Down 0.7 %

Shares of GENI opened at $5.12 on Friday. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -12.79 and a beta of 1.97. The stock has a 50 day moving average of $6.33 and a 200-day moving average of $5.88. Genius Sports has a 52 week low of $3.55 and a 52 week high of $8.45.

Genius Sports (NYSE:GENI) last issued its earnings results on Wednesday, March 6th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.10). The firm had revenue of $127.20 million during the quarter, compared to analyst estimates of $126.53 million. Genius Sports had a negative return on equity of 12.67% and a negative net margin of 20.71%. Genius Sports’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.18) EPS. On average, sell-side analysts predict that Genius Sports will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of Genius Sports

Hedge funds have recently added to or reduced their stakes in the business. State of Wyoming raised its stake in shares of Genius Sports by 18.0% in the 4th quarter. State of Wyoming now owns 18,761 shares of the company’s stock worth $67,000 after buying an additional 2,868 shares in the last quarter. White Pine Capital LLC raised its stake in shares of Genius Sports by 1.2% in the 3rd quarter. White Pine Capital LLC now owns 327,411 shares of the company’s stock worth $1,745,000 after buying an additional 3,750 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Genius Sports in the 3rd quarter worth $28,000. Geneos Wealth Management Inc. acquired a new position in shares of Genius Sports in the 3rd quarter worth $29,000. Finally, UBS Group AG raised its position in shares of Genius Sports by 0.8% during the fourth quarter. UBS Group AG now owns 761,638 shares of the company’s stock worth $4,707,000 after purchasing an additional 6,261 shares during the period. Institutional investors own 81.91% of the company’s stock.

About Genius Sports

Genius Sports Limited engages in the development and sale of 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.