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

Shares of Genius Sports Limited (NYSE:GENI - Get Free Report) have received an average rating of "Moderate Buy" from the ten analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $11.28.

GENI has been the subject of several recent research reports. The Goldman Sachs Group increased their target price on shares of Genius Sports from $8.50 to $11.50 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Benchmark increased their target price on shares of Genius Sports from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Citigroup increased their target price 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. Needham & Company LLC reiterated a "buy" rating and set a $12.00 target price on shares of Genius Sports in a research note on Friday, January 17th. Finally, Citizens Jmp downgraded shares of Genius Sports from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th.

Genius Sports Trading Down 0.5 %

NYSE:GENI traded down $0.05 during trading hours on Friday, hitting $9.12. The company's stock had a trading volume of 1,562,821 shares, compared to its average volume of 2,455,316. The stock has a market capitalization of $1.96 billion, a P/E ratio of -28.48 and a beta of 2.15. The stock has a fifty day moving average of $9.00 and a 200-day moving average of $8.15. Genius Sports has a 52-week low of $4.91 and a 52-week high of $10.33.

Genius Sports (NYSE:GENI - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.06. The company had revenue of $120.20 million for the quarter, compared to analyst estimates of $118.94 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The business's quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.06) earnings per share. On average, sell-side analysts forecast that Genius Sports will post -0.1 earnings per share for the current year.

Institutional Investors Weigh In On Genius Sports

A number of institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP purchased a new stake in shares of Genius Sports during the 3rd quarter worth approximately $532,000. Millrace Asset Group Inc. purchased a new stake in shares of Genius Sports during the 3rd quarter worth approximately $1,897,000. Senvest Management LLC boosted its stake in shares of Genius Sports by 12.2% during the 3rd quarter. Senvest Management LLC now owns 7,546,809 shares of the company's stock worth $59,167,000 after acquiring an additional 819,385 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Genius Sports by 2,765,692.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 691,448 shares of the company's stock worth $5,421,000 after acquiring an additional 691,423 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Genius Sports by 56.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 491,314 shares of the company's stock worth $4,250,000 after acquiring an additional 176,845 shares in the last quarter. Hedge funds and other institutional investors own 81.91% of the company's stock.

About Genius Sports

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.