Genius Sports Limited (NYSE:GENI - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $11.83.
A number of equities research analysts recently commented on the stock. JMP Securities restated a "market outperform" rating and issued a $11.00 price objective on shares of Genius Sports in a research report on Monday, January 27th. Benchmark increased their target price on shares of Genius Sports from $11.00 to $12.00 and gave the company a "buy" rating in a report on Wednesday. Citizens Jmp cut shares of Genius Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Oppenheimer increased their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Finally, B. Riley raised 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 13th.
Read Our Latest Stock Analysis on Genius Sports
Genius Sports Stock Performance
NYSE:GENI traded up $0.22 during mid-day trading on Wednesday, reaching $9.73. The stock had a trading volume of 5,335,615 shares, compared to its average volume of 2,451,277. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of -30.42 and a beta of 2.14. Genius Sports has a twelve month low of $4.91 and a twelve month high of $10.33. The business has a 50 day simple moving average of $9.00 and a 200 day simple moving average of $8.44.
Genius Sports (NYSE:GENI - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) 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 analyst estimates of $175.52 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. During the same quarter in the previous year, the business earned ($0.10) EPS. As a group, sell-side analysts expect that Genius Sports will post -0.1 earnings per share for the current year.
Institutional Trading of Genius Sports
Hedge funds have recently bought and sold shares of the company. Emerald Mutual Fund Advisers Trust acquired a new stake in Genius Sports during the fourth quarter worth approximately $58,000. Captrust Financial Advisors acquired a new position in shares of Genius Sports in the 3rd quarter valued at $84,000. Walleye Trading LLC boosted its holdings in shares of Genius Sports by 169.9% in the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company's stock valued at $95,000 after purchasing an additional 29,555 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Genius Sports by 39.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock valued at $105,000 after purchasing an additional 3,429 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new position in shares of Genius Sports in the 4th quarter valued at $129,000. Institutional investors and hedge funds own 81.91% of the company's stock.
Genius Sports Company Profile
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Get Free ReportGenius 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.
Further Reading
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