Analysts Set Genius Sports Limited (NYSE:GENI) Target Price at $11.68

Shares of Genius Sports Limited (NYSE:GENI) have been given a consensus rating of “Moderate Buy” by the twenty research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $11.6842.

A number of research analysts have recently commented on GENI shares. Needham & Company LLC lowered their price target on Genius Sports from $14.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Genius Sports in a research report on Friday, March 27th. Stifel Nicolaus decreased their price objective on shares of Genius Sports from $7.00 to $5.00 and set a “hold” rating for the company in a report on Thursday, April 9th. Wells Fargo & Company dropped their target price on Genius Sports from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Finally, Wall Street Zen cut Genius Sports from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th.

Hedge Funds Weigh In On Genius Sports

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in Genius Sports by 79.5% during the third quarter. JPMorgan Chase & Co. now owns 1,293,172 shares of the company’s stock worth $16,009,000 after buying an additional 572,607 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Genius Sports by 395.5% during the 3rd quarter. New York State Common Retirement Fund now owns 979,000 shares of the company’s stock valued at $12,120,000 after acquiring an additional 781,411 shares during the last quarter. Penn Capital Management Company LLC lifted its position in shares of Genius Sports by 2,593.7% during the 3rd quarter. Penn Capital Management Company LLC now owns 1,219,711 shares of the company’s stock valued at $15,116,000 after acquiring an additional 1,174,431 shares during the last quarter. Quent Capital LLC bought a new stake in shares of Genius Sports during the 4th quarter worth $2,840,000. Finally, UBS Group AG grew its holdings in shares of Genius Sports by 45.1% in the 4th quarter. UBS Group AG now owns 3,974,964 shares of the company’s stock worth $43,804,000 after acquiring an additional 1,235,352 shares during the last quarter. Institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Up 7.9%

GENI stock opened at $6.36 on Friday. The stock has a market cap of $1.57 billion, a PE ratio of -10.42 and a beta of 1.90. The firm’s 50-day simple moving average is $4.73 and its 200 day simple moving average is $7.17. Genius Sports has a fifty-two week low of $3.83 and a fifty-two week high of $13.73.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.12). Genius Sports had a negative net margin of 22.26% and a negative return on equity of 20.34%. The firm had revenue of $187.95 million during the quarter, compared to analyst estimates of $170.60 million. During the same quarter in the previous year, the business posted ($0.03) EPS. Genius Sports’s revenue for the quarter was up 30.5% compared to the same quarter last year. Equities analysts forecast that Genius Sports will post -0.12 EPS for the current fiscal year.

Genius Sports Company Profile

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.