Genius Sports Limited (NYSE:GENI) Given Consensus Rating of “Buy” by Analysts

Shares of Genius Sports Limited (NYSE:GENI) have earned an average rating of “Buy” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have covered the stock in the last year is $10.72.

GENI has been the subject of a number of research reports. The Goldman Sachs Group boosted their price target on Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a report on Thursday, November 14th. Macquarie upped their target price on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. B. Riley raised their price target on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Oppenheimer lifted their price objective on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Benchmark increased their target price on shares of Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th.

Genius Sports Trading Up 0.9 %

Genius Sports stock opened at $8.72 on Friday. The firm has a market capitalization of $2.00 billion, a PE ratio of -27.25 and a beta of 2.12. Genius Sports has a 12-month low of $4.91 and a 12-month high of $10.33. The firm has a 50-day moving average price of $8.48 and a 200-day moving average price of $7.27.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GENI. Koss Olinger Consulting LLC acquired a new stake in Genius Sports in the second quarter valued at approximately $64,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Genius Sports in the 2nd quarter worth $67,000. Sound Income Strategies LLC purchased a new position in Genius Sports during the 3rd quarter worth $78,000. Arkadios Wealth Advisors purchased a new position in Genius Sports during the 3rd quarter worth $79,000. Finally, Captrust Financial Advisors purchased a new stake in Genius Sports in the third quarter valued at about $84,000. 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.