Analysts Set Genius Sports Limited (NYSE:GENI) Target Price at $10.72

Shares of Genius Sports Limited (NYSE:GENI) have earned a consensus recommendation of “Buy” from the nine research firms that are currently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have covered the stock in the last year is $10.72.

A number of research analysts have recently weighed in on GENI shares. Oppenheimer raised their price objective on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. B. Riley upped their price objective on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Citigroup increased their target price on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group upped their price target on shares of Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Macquarie lifted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th.

Institutional Trading of Genius Sports

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GENI. Koss Olinger Consulting LLC purchased a new position in Genius Sports in the 2nd quarter worth about $64,000. Vanguard Personalized Indexing Management LLC bought a new position in Genius Sports in the 2nd quarter worth about $67,000. Sound Income Strategies LLC purchased a new position in shares of Genius Sports during the third quarter worth approximately $78,000. Arkadios Wealth Advisors bought a new stake in shares of Genius Sports during the third quarter valued at approximately $79,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Genius Sports in the third quarter valued at approximately $84,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

Genius Sports Stock Down 0.5 %

Shares of Genius Sports stock opened at $8.72 on Friday. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of -27.25 and a beta of 2.12. The stock’s 50-day simple moving average is $8.53 and its 200-day simple moving average is $7.34. Genius Sports has a 52 week low of $4.91 and a 52 week high of $10.33.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The business had revenue of $120.20 million during the quarter, compared to analyst estimates of $118.94 million. During the same period last year, the firm posted ($0.06) EPS. The company’s revenue was up 18.2% on a year-over-year basis. On average, equities analysts expect that Genius Sports will post -0.16 earnings per share for the current year.

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.