Genius Sports (NYSE:GENI) PT Raised to $9.00

Genius Sports (NYSE:GENI - Free Report) had its price objective increased by JMP Securities from $8.00 to $9.00 in a research report released on Thursday morning, Benzinga reports. They currently have a market outperform rating on the stock.

A number of other research analysts have also issued reports on the company. Benchmark reaffirmed a buy rating and set a $10.00 target price on shares of Genius Sports in a report on Thursday, March 7th. Oppenheimer reissued an outperform rating and issued a $10.00 price target on shares of Genius Sports in a research note on Thursday, April 4th. Cantor Fitzgerald reissued an overweight rating and issued a $8.00 price target on shares of Genius Sports in a research note on Monday, February 26th. B. Riley began coverage on Genius Sports in a research note on Friday, April 5th. They issued a buy rating and a $9.00 price target on the stock. Finally, The Goldman Sachs Group began coverage on Genius Sports in a research note on Tuesday, April 16th. They issued a buy rating and a $7.50 price target on the stock. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of Buy and an average price target of $9.33.

Genius Sports Trading Up 1.3 %

NYSE:GENI traded up $0.07 during mid-day trading on Thursday, reaching $5.45. 1,597,949 shares of the stock were exchanged, compared to its average volume of 2,218,554. The business has a fifty day moving average price of $5.67 and a 200 day moving average price of $5.88. The firm has a market capitalization of $1.27 billion, a PE ratio of -13.62 and a beta of 1.98. Genius Sports has a 1-year low of $4.52 and a 1-year high of $8.45.

Genius Sports (NYSE:GENI - Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.02). The firm had revenue of $119.72 million for the quarter, compared to analyst estimates of $116.53 million. Genius Sports had a negative return on equity of 12.67% and a negative net margin of 20.71%. Genius Sports's revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.12) earnings per share. On average, sell-side analysts forecast that Genius Sports will post -0.13 earnings per share for the current year.

Institutional Investors Weigh In On Genius Sports

Several institutional investors have recently made changes to their positions in the company. White Pine Capital LLC lifted its holdings in shares of Genius Sports by 1.2% during the 3rd quarter. White Pine Capital LLC now owns 327,411 shares of the company's stock valued at $1,745,000 after buying an additional 3,750 shares during the last quarter. NewEdge Wealth LLC acquired a new stake in shares of Genius Sports during the 4th quarter valued at about $62,000. Arete Wealth Advisors LLC lifted its holdings in shares of Genius Sports by 83.5% during the 3rd quarter. Arete Wealth Advisors LLC now owns 22,200 shares of the company's stock valued at $118,000 after buying an additional 10,100 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new stake in shares of Genius Sports during the 3rd quarter valued at about $58,000. Finally, Brown Advisory Inc. acquired a new stake in shares of Genius Sports during the 4th quarter valued at about $76,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

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.