Analysts Set Genius Sports Limited (NYSE:GENI) Target Price at $12.46

Shares of Genius Sports Limited (NYSE:GENI - Get Free Report) have earned an average recommendation of "Moderate Buy" from the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $12.46.

GENI has been the topic of several research reports. BTIG Research lifted their price target on shares of Genius Sports from $11.00 to $12.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genius Sports in a report on Monday, April 21st. They set a "buy" rating and a $12.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and set a $13.00 target price on shares of Genius Sports in a report on Thursday, June 12th. Truist Financial initiated coverage on shares of Genius Sports in a report on Tuesday, July 1st. They set a "buy" rating and a $14.00 target price on the stock. Finally, Guggenheim initiated coverage on shares of Genius Sports in a report on Tuesday, March 18th. They set a "buy" rating and a $12.00 target price on the stock.

Institutional Trading of Genius Sports

A number of institutional investors have recently bought and sold shares of the stock. Quarry LP purchased a new stake in Genius Sports in the first quarter worth $37,000. Pacer Advisors Inc. increased its stake in Genius Sports by 61.5% in the first quarter. Pacer Advisors Inc. now owns 3,754 shares of the company's stock worth $38,000 after purchasing an additional 1,430 shares during the period. Emerald Mutual Fund Advisers Trust purchased a new stake in Genius Sports in the fourth quarter worth $58,000. Steward Partners Investment Advisory LLC increased its stake in Genius Sports by 39.2% in the fourth 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 period. Finally, Park National Corp OH purchased a new stake in Genius Sports in the first quarter worth $107,000. 81.91% of the stock is currently owned by institutional investors.

Genius Sports Trading Up 4.0%

Genius Sports stock traded up $0.40 on Tuesday, reaching $10.42. 3,224,876 shares of the stock were exchanged, compared to its average volume of 3,944,095. The firm has a fifty day moving average price of $10.03 and a two-hundred day moving average price of $9.59. The stock has a market cap of $2.24 billion, a PE ratio of -54.84 and a beta of 1.86. Genius Sports has a twelve month low of $5.31 and a twelve month high of $11.40.

Genius Sports (NYSE:GENI - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. The company had revenue of $143.99 million for the quarter, compared to analyst estimates of $143.31 million. Genius Sports had a negative net margin of 8.54% and a negative return on equity of 6.90%. The business's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period last year, the business posted ($0.11) earnings per share. Equities analysts anticipate that Genius Sports will post -0.1 EPS for the current fiscal year.

Genius Sports announced that its Board of Directors has initiated a share repurchase program on Tuesday, May 6th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 4.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

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.