Genius Sports Limited (NYSE:GENI) Receives Consensus Recommendation of "Buy" from Brokerages

Shares of Genius Sports Limited (NYSE:GENI - Get Free Report) have earned an average recommendation of "Buy" from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $10.39.

Several research analysts have recently weighed in on the stock. Benchmark upped their target price on shares of Genius Sports from $10.00 to $11.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Needham & Company LLC restated a "buy" rating and set a $9.00 target price on shares of Genius Sports in a research note on Tuesday, November 12th. B. Riley lifted their target price on Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. The Goldman Sachs Group increased 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. Finally, Macquarie lifted their price objective on Genius Sports from $10.00 to $12.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th.

Genius Sports Price Performance

NYSE GENI traded up $0.27 during trading hours on Monday, hitting $9.34. The company had a trading volume of 3,838,485 shares, compared to its average volume of 2,399,122. The firm's 50 day moving average is $7.84 and its 200 day moving average is $6.76. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of -29.19 and a beta of 1.98. Genius Sports has a fifty-two week low of $4.91 and a fifty-two week high of $10.15.

Genius Sports (NYSE:GENI - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06. The business had revenue of $120.20 million for the quarter, compared to the consensus estimate of $118.94 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The company's revenue was up 18.2% on a year-over-year basis. During the same period last year, the business posted ($0.06) EPS. On average, equities analysts anticipate that Genius Sports will post -0.16 EPS for the current year.

Institutional Investors Weigh In On Genius Sports

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Genius Sports in the first quarter worth about $119,000. Silvercrest Asset Management Group LLC lifted its holdings in shares of Genius Sports by 4.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,159,465 shares of the company's stock worth $6,621,000 after purchasing an additional 50,482 shares during the last quarter. Levin Capital Strategies L.P. boosted its position in Genius Sports by 40.0% during the 1st quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company's stock valued at $200,000 after purchasing an additional 10,000 shares during the period. Virtu Financial LLC bought a new position in Genius Sports during the 1st quarter worth $94,000. Finally, Clear Harbor Asset Management LLC acquired a new stake in Genius Sports in the second quarter worth $164,000. 81.91% of the stock is owned by institutional investors and hedge funds.

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.