Genius Sports (NYSE:GENI) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Genius Sports (NYSE:GENI) had its price target boosted by The Goldman Sachs Group from $11.00 to $12.50 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also commented on the company. Macquarie upped their target price on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Genius Sports in a report on Tuesday. Citigroup increased their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. B. Riley boosted their target price 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. Finally, Citizens Jmp downgraded Genius Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Genius Sports has an average rating of “Moderate Buy” and a consensus target price of $11.83.

Genius Sports Trading Up 4.5 %

NYSE:GENI opened at $9.73 on Wednesday. The company has a market capitalization of $2.09 billion, a P/E ratio of -30.39 and a beta of 2.15. Genius Sports has a 12 month low of $4.91 and a 12 month high of $10.33. The firm has a fifty day simple moving average of $8.99 and a 200-day simple moving average of $8.43.

Genius Sports (NYSE:GENI) last issued its earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). The firm had revenue of $175.53 million during the quarter, compared to analysts’ expectations of $175.52 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same quarter last year, the business earned ($0.10) EPS. Equities analysts forecast that Genius Sports will post -0.1 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its stake in shares of Genius Sports by 2.7% during the 4th quarter. D.A. Davidson & CO. now owns 53,608 shares of the company’s stock worth $464,000 after acquiring an additional 1,396 shares in the last quarter. ProShare Advisors LLC raised its holdings in Genius Sports by 19.4% in the 4th quarter. ProShare Advisors LLC now owns 17,132 shares of the company’s stock worth $148,000 after purchasing an additional 2,787 shares during the period. Steward Partners Investment Advisory LLC boosted its position in Genius Sports by 39.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock worth $105,000 after purchasing an additional 3,429 shares in the last quarter. State of Wyoming grew its holdings in Genius Sports by 8.3% in the fourth quarter. State of Wyoming now owns 45,630 shares of the company’s stock valued at $395,000 after purchasing an additional 3,495 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Genius Sports by 27.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company’s stock valued at $143,000 after buying an additional 3,548 shares in the last quarter. 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.