Genius Sports Limited (NYSE:GENI) Receives $12.19 Average Target Price from Brokerages

Shares of Genius Sports Limited (NYSE:GENI - Get Free Report) have earned an average rating of "Moderate Buy" from the thirteen brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $12.19.

GENI has been the topic of a number of research reports. Needham & Company LLC set a $13.00 price target on shares of Genius Sports in a report on Wednesday, March 5th. The Goldman Sachs Group upped their target price on shares of Genius Sports from $11.00 to $12.50 and gave the stock a "buy" rating in a report on Wednesday, March 5th. BTIG Research boosted their price objective on Genius Sports from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. JMP Securities restated a "market outperform" rating and set a $11.00 price target on shares of Genius Sports in a research report on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Genius Sports in a report on Monday, April 21st. They issued a "buy" rating and a $12.00 price objective for the company.

Institutional Trading of Genius Sports

A number of hedge funds have recently modified their holdings of the business. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Genius Sports in the 4th quarter worth about $58,000. Steward Partners Investment Advisory LLC lifted its position in Genius Sports by 39.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock valued at $105,000 after purchasing an additional 3,429 shares in the last quarter. Park National Corp OH bought a new position in shares of Genius Sports during the 1st quarter valued at approximately $107,000. Bayesian Capital Management LP purchased a new stake in shares of Genius Sports in the fourth quarter worth $129,000. Finally, Perigon Wealth Management LLC bought a new position in shares of Genius Sports in the fourth quarter worth about $136,000. Institutional investors own 81.91% of the company's stock.

Genius Sports Price Performance

NYSE GENI traded down $0.02 on Thursday, reaching $10.78. The company had a trading volume of 323,072 shares, compared to its average volume of 2,678,511. Genius Sports has a fifty-two week low of $4.91 and a fifty-two week high of $11.16. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of -33.64 and a beta of 1.98. The business has a 50 day moving average of $9.68 and a two-hundred day moving average of $9.06.

Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) EPS 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 analyst estimates of $175.52 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same quarter in the previous year, the business posted ($0.10) earnings per share. As a group, research analysts predict that Genius Sports will post -0.1 earnings per share for the current fiscal year.

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.