Genius Sports (NYSE:GENI) Rating Reiterated by Oppenheimer

Genius Sports (NYSE:GENI - Get Free Report)'s stock had its "outperform" rating reaffirmed by investment analysts at Oppenheimer in a report issued on Thursday, Benzinga reports. They presently have a $10.00 price objective on the stock. Oppenheimer's target price points to a potential upside of 73.76% from the company's current price.

A number of other brokerages have also weighed in on GENI. Cantor Fitzgerald reissued an "overweight" rating and set a $8.00 price objective on shares of Genius Sports in a report on Monday, February 26th. Macquarie began coverage on shares of Genius Sports in a report on Thursday, December 21st. They set an "outperform" rating and a $11.00 price target for the company. Benchmark restated a "buy" rating and set a $10.00 price target on shares of Genius Sports in a report on Thursday, March 7th. JMP Securities reiterated a "market outperform" rating and issued a $8.00 target price on shares of Genius Sports in a report on Thursday, March 7th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $9.00 target price on shares of Genius Sports in a report on Wednesday, March 6th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Genius Sports has a consensus rating of "Buy" and an average target price of $9.50.

Genius Sports Price Performance

Shares of NYSE:GENI traded up $0.10 during trading hours on Thursday, hitting $5.76. 2,531,874 shares of the company's stock traded hands, compared to its average volume of 2,291,630. Genius Sports has a 1 year low of $3.55 and a 1 year high of $8.45. The business has a fifty day moving average price of $6.55 and a 200-day moving average price of $5.86. The firm has a market capitalization of $1.34 billion, a P/E ratio of -14.39 and a beta of 1.96.

Genius Sports (NYSE:GENI - Get Free Report) last announced its earnings results on Wednesday, March 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $127.20 million for the quarter, compared to analysts' expectations of $126.53 million. During the same quarter last year, the firm earned ($0.18) EPS. The firm's quarterly revenue was up 20.8% on a year-over-year basis. As a group, equities analysts predict that Genius Sports will post -0.19 earnings per share for the current year.

Hedge Funds Weigh In On Genius Sports

A number of large investors have recently bought and sold shares of the stock. Qube Research & Technologies Ltd acquired a new stake in shares of Genius Sports in the third quarter worth $28,000. Geneos Wealth Management Inc. acquired a new stake in shares of Genius Sports in the third quarter worth $29,000. Altshuler Shaham Ltd acquired a new stake in Genius Sports during the 4th quarter valued at $35,000. NewEdge Wealth LLC acquired a new stake in Genius Sports during the 4th quarter valued at $62,000. Finally, Stifel Financial Corp acquired a new stake in Genius Sports during the 4th quarter valued at $62,000. Hedge funds and other institutional investors 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.