Genius Sports (NYSE:GENI) Trading Up 4.7%

Genius Sports Limited (NYSE:GENI - Get Free Report) shares rose 4.7% on Friday . The company traded as high as $6.06 and last traded at $6.03. Approximately 564,917 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 2,263,299 shares. The stock had previously closed at $5.76.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on GENI shares. Oppenheimer reissued an "outperform" rating and set a $10.00 price target on shares of Genius Sports in a research note on Thursday. B. Riley assumed coverage on Genius Sports in a research note on Friday. They set a "buy" rating and a $9.00 target price for the company. Macquarie assumed coverage on Genius Sports in a research note on Thursday, December 21st. They set an "outperform" rating and a $11.00 target price for the company. Needham & Company LLC restated a "buy" rating and set a $9.00 target price on shares of Genius Sports in a research note on Wednesday, March 6th. Finally, Benchmark restated a "buy" rating and set a $10.00 target price on shares of Genius Sports in a research note on Thursday, March 7th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $9.41.

Genius Sports Stock Up 7.4 %

The stock has a 50 day moving average of $6.54 and a 200 day moving average of $5.86. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -15.46 and a beta of 1.96.

Genius Sports (NYSE:GENI - Get Free Report) last issued its earnings results on Wednesday, March 6th. The company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.10). Genius Sports had a negative net margin of 20.71% and a negative return on equity of 12.67%. The company had revenue of $127.20 million during the quarter, compared to analyst estimates of $126.53 million. During the same quarter in the previous year, the firm earned ($0.18) earnings per share. The business's revenue was up 20.8% on a year-over-year basis. Analysts predict that Genius Sports Limited will post -0.19 earnings per share for the current year.

Hedge Funds Weigh In On Genius Sports

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in Genius Sports by 383.6% in the fourth quarter. Wellington Management Group LLP now owns 7,277,462 shares of the company's stock valued at $44,975,000 after acquiring an additional 5,772,540 shares during the period. Legal & General Group Plc raised its holdings in shares of Genius Sports by 21.3% during the fourth quarter. Legal & General Group Plc now owns 626,797 shares of the company's stock valued at $3,870,000 after buying an additional 109,972 shares during the last quarter. Needham Investment Management LLC raised its holdings in shares of Genius Sports by 425.0% during the fourth quarter. Needham Investment Management LLC now owns 525,000 shares of the company's stock valued at $3,244,000 after buying an additional 425,000 shares during the last quarter. Ophir Asset Management Pty Ltd bought a new stake in shares of Genius Sports during the fourth quarter valued at approximately $21,961,000. Finally, Prelude Capital Management LLC raised its holdings in shares of Genius Sports by 204.1% during the fourth quarter. Prelude Capital Management LLC now owns 240,386 shares of the company's stock valued at $1,486,000 after buying an additional 161,340 shares during the last quarter. 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.