Genius Sports (NYSE:GENI) Price Target Raised to $12.00

Genius Sports (NYSE:GENI - Get Free Report) had its price target boosted by research analysts at BTIG Research from $11.00 to $12.00 in a research report issued on Tuesday, MarketBeat Ratings reports. The firm presently has a "buy" rating on the stock. BTIG Research's price target indicates a potential upside of 11.11% from the company's previous close.

A number of other equities analysts have also commented on GENI. The Goldman Sachs Group upped their price objective on shares of Genius Sports from $11.00 to $12.50 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. B. Riley began coverage on Genius Sports in a research report on Tuesday, March 18th. They set a "buy" rating on the stock. Needham & Company LLC set a $13.00 price target on Genius Sports in a report on Wednesday, March 5th. Lake Street Capital boosted their price objective on Genius Sports from $10.50 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Finally, Craig Hallum set a $15.00 target price on Genius Sports in a report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $12.19.

Genius Sports Price Performance

Shares of GENI traded up $0.24 during mid-day trading on Tuesday, reaching $10.80. The company had a trading volume of 3,101,847 shares, compared to its average volume of 2,683,704. The company has a market capitalization of $2.32 billion, a P/E ratio of -33.75 and a beta of 1.98. Genius Sports has a twelve month low of $4.91 and a twelve month high of $11.16. The company's 50-day moving average is $9.66 and its 200-day moving average is $9.03.

Genius Sports (NYSE:GENI - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). The company had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. During the same quarter last year, the company earned ($0.10) earnings per share. As a group, equities analysts expect that Genius Sports will post -0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Genius Sports

Several institutional investors have recently modified their holdings of GENI. D.A. Davidson & CO. boosted its stake in Genius Sports by 2.7% in the fourth quarter. D.A. Davidson & CO. now owns 53,608 shares of the company's stock valued at $464,000 after acquiring an additional 1,396 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Genius Sports by 19.4% in the 4th quarter. ProShare Advisors LLC now owns 17,132 shares of the company's stock valued at $148,000 after purchasing an additional 2,787 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Genius Sports by 39.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock worth $105,000 after purchasing an additional 3,429 shares during the last quarter. State of Wyoming grew its stake in shares of Genius Sports by 8.3% during the fourth quarter. State of Wyoming now owns 45,630 shares of the company's stock worth $395,000 after purchasing an additional 3,495 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Genius Sports by 27.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company's stock valued at $143,000 after purchasing an additional 3,548 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company's stock.

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.