Genius Sports (NYSE:GENI) Trading Up 7.5% – Should You Buy?

Shares of Genius Sports Limited (NYSE:GENI) shot up 7.5% during mid-day trading on Tuesday . The company traded as high as $9.19 and last traded at $9.19. 949,033 shares changed hands during trading, a decline of 56% from the average session volume of 2,152,979 shares. The stock had previously closed at $8.55.

Analyst Ratings Changes

GENI has been the subject of several research analyst reports. The Goldman Sachs Group upped their price target on Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Benchmark lifted their target price on shares of Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Citizens Jmp lowered Genius Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Citigroup boosted their price target on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, B. Riley increased their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.94.

Genius Sports Trading Up 0.6 %

The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of -27.42 and a beta of 2.15. The stock has a 50-day simple moving average of $9.07 and a 200-day simple moving average of $7.74.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06. The firm had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.06) earnings per share. On average, research analysts forecast that Genius Sports Limited will post -0.16 EPS for the current year.

Institutional Trading of Genius Sports

Hedge funds and other institutional investors have recently bought and sold shares of the company. Moody National Bank Trust Division grew its position in shares of Genius Sports by 1.5% in the 4th quarter. Moody National Bank Trust Division now owns 520,214 shares of the company’s stock worth $4,500,000 after acquiring an additional 7,674 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Genius Sports by 56.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 491,314 shares of the company’s stock worth $4,250,000 after purchasing an additional 176,845 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Genius Sports by 2,765,692.0% in the third quarter. JPMorgan Chase & Co. now owns 691,448 shares of the company’s stock worth $5,421,000 after purchasing an additional 691,423 shares during the period. Tidal Investments LLC bought a new stake in Genius Sports during the third quarter valued at $371,000. Finally, Sanctuary Advisors LLC bought a new stake in Genius Sports during the third quarter valued at $221,000. 81.91% of the stock is owned by institutional investors.

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.