Genius Sports (NYSE:GENI) Hits New 1-Year High at $8.29

Genius Sports Limited (NYSE:GENI)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $8.29 and last traded at $8.20, with a volume of 51020 shares changing hands. The stock had previously closed at $7.96.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Benchmark restated a “buy” rating and set a $10.00 target price on shares of Genius Sports in a report on Tuesday, September 10th. B. Riley raised their price objective on Genius Sports from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $9.00 target price on shares of Genius Sports in a research report on Tuesday, August 6th. Citigroup started coverage on shares of Genius Sports in a research note on Thursday, June 13th. They issued a “buy” rating and a $9.00 price objective for the company. Finally, Macquarie lowered their target price on shares of Genius Sports from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Thursday, July 18th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Genius Sports currently has an average rating of “Buy” and an average target price of $9.45.

Genius Sports Stock Up 3.0 %

The business has a fifty day moving average of $7.16 and a 200 day moving average of $6.05. The firm has a market cap of $1.88 billion, a P/E ratio of -20.40 and a beta of 1.96.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The firm had revenue of $95.50 million for the quarter, compared to the consensus estimate of $94.15 million. Genius Sports had a negative return on equity of 15.30% and a negative net margin of 21.93%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.05) EPS. On average, sell-side analysts expect that Genius Sports Limited will post -0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GENI. AYAL Capital Advisors Ltd acquired a new stake in Genius Sports in the second quarter valued at $4,635,000. Squarepoint Ops LLC acquired a new stake in Genius Sports in the 2nd quarter valued at about $1,804,000. Bank of Montreal Can bought a new position in Genius Sports during the second quarter worth about $6,575,000. Hood River Capital Management LLC grew its holdings in Genius Sports by 6.0% during the second quarter. Hood River Capital Management LLC now owns 2,026,873 shares of the company’s stock worth $11,046,000 after purchasing an additional 114,490 shares during the period. Finally, ProShare Advisors LLC bought a new stake in Genius Sports in the second quarter valued at approximately $102,000. 81.91% of the stock is currently owned by institutional investors.

Genius Sports Company Profile

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.