Genius Sports Limited (NYSE:GENI) Receives $12.23 Average Price Target from Analysts

Genius Sports Limited (NYSE:GENI - Get Free Report) has been given an average rating of "Moderate Buy" by the eleven research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $12.23.

A number of analysts have weighed in on the stock. The Goldman Sachs Group raised their target price on shares of Genius Sports from $11.00 to $12.50 and gave the company a "buy" rating in a research report on Wednesday, March 5th. B. Riley assumed coverage on Genius Sports in a research report on Tuesday, March 18th. They set a "buy" rating on the stock. Craig Hallum set a $15.00 target price on Genius Sports in a research report on Tuesday, March 4th. Needham & Company LLC set a $13.00 price target on Genius Sports in a research note on Wednesday, March 5th. Finally, Citizens Jmp downgraded Genius Sports from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th.

Genius Sports Stock Down 9.5 %

Shares of GENI traded down $0.97 during midday trading on Friday, hitting $9.27. The company's stock had a trading volume of 1,519,360 shares, compared to its average volume of 2,596,940. Genius Sports has a one year low of $4.91 and a one year high of $11.16. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of -28.97 and a beta of 2.14. The company's fifty day simple moving average is $9.44 and its two-hundred day simple moving average is $8.76.

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Genius Sports (NYSE:GENI - Get Free Report) last released 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). Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The business had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. During the same quarter in the prior year, the firm earned ($0.10) EPS. On average, research analysts predict that Genius Sports will post -0.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust bought a new position in Genius Sports during the fourth quarter worth $58,000. Captrust Financial Advisors acquired a new position in shares of Genius Sports in the 3rd quarter valued at about $84,000. Walleye Trading LLC lifted its stake 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 period. Steward Partners Investment Advisory LLC boosted its position in shares of Genius Sports by 39.2% during 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 in the last quarter. Finally, Park National Corp OH acquired a new stake in Genius Sports during the first quarter worth approximately $107,000. Institutional investors and hedge funds 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.