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

Shares of Genius Sports Limited (NYSE:GENI - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $10.94.

Several research analysts have commented on the company. Benchmark boosted their target price on Genius Sports from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Needham & Company LLC reiterated a "buy" rating and set a $9.00 price objective on shares of Genius Sports in a research report on Tuesday, November 12th. Citizens Jmp lowered shares of Genius Sports from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. JMP Securities reiterated a "market perform" rating and set a $11.00 price target on shares of Genius Sports in a report on Monday, January 6th. Finally, Oppenheimer raised their price objective on Genius Sports from $10.00 to $12.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th.

Institutional Investors Weigh In On Genius Sports

A number of hedge funds have recently added to or reduced their stakes in the business. Moody National Bank Trust Division boosted its position in shares of Genius Sports by 1.5% during the 4th quarter. Moody National Bank Trust Division now owns 520,214 shares of the company's stock worth $4,500,000 after purchasing an additional 7,674 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of Genius Sports in the 3rd quarter worth $78,000. Arkadios Wealth Advisors acquired a new stake in Genius Sports in the 3rd quarter valued at $79,000. Captrust Financial Advisors bought a new stake in Genius Sports during the 3rd quarter valued at $84,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Genius Sports during the second quarter worth $67,000. 81.91% of the stock is currently owned by institutional investors.

Genius Sports Stock Up 8.5 %

Shares of NYSE:GENI traded up $0.73 during midday trading on Tuesday, hitting $9.28. The stock had a trading volume of 1,071,263 shares, compared to its average volume of 2,171,999. The company has a market capitalization of $2.13 billion, a P/E ratio of -29.00 and a beta of 2.15. The company's 50-day moving average price is $8.99 and its 200-day moving average price is $7.71. Genius Sports has a fifty-two week low of $4.91 and a fifty-two week high of $10.33.

Genius Sports (NYSE:GENI - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.06. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The firm had revenue of $120.20 million during the quarter, compared to analysts' expectations of $118.94 million. During the same period in the prior year, the company earned ($0.06) earnings per share. The company's quarterly revenue was up 18.2% on a year-over-year basis. Research analysts expect that Genius Sports will post -0.16 EPS for the current fiscal year.

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.