Genius Sports (NYSE:GENI) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Genius Sports (NYSE:GENI - Free Report) in a research note issued to investors on Friday,Benzinga reports. They currently have a $12.00 price target on the stock.

Other equities research analysts have also issued research reports about the stock. Macquarie upped their price objective 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. Citigroup increased their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. JMP Securities reaffirmed a "market outperform" rating and set a $11.00 price target on shares of Genius Sports in a research report on Thursday. The Goldman Sachs Group increased their price objective on Genius Sports from $8.50 to $11.50 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Finally, B. Riley lifted their target price on Genius Sports from $10.00 to $12.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Genius Sports has a consensus rating of "Moderate Buy" and a consensus price target of $11.28.

Genius Sports Trading Down 0.5 %

GENI stock traded down $0.05 during mid-day trading on Friday, reaching $8.72. The company's stock had a trading volume of 2,961,757 shares, compared to its average volume of 1,350,508. The company's 50 day moving average is $9.11 and its two-hundred day moving average is $7.77. Genius Sports has a fifty-two week low of $4.91 and a fifty-two week high of $10.33. The stock has a market cap of $2.00 billion, a PE ratio of -27.23 and a beta of 2.15.

Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly 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 firm had revenue of $120.20 million during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.06) earnings per share. On average, analysts forecast that Genius Sports will post -0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Genius Sports

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Genius Sports during the second quarter worth $67,000. Sound Income Strategies LLC acquired a new position in Genius Sports during the 3rd quarter worth $78,000. Arkadios Wealth Advisors purchased a new stake in Genius Sports during the 3rd quarter worth about $79,000. Captrust Financial Advisors acquired a new stake in Genius Sports in the 3rd quarter valued at about $84,000. Finally, Walleye Trading LLC boosted 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 buying an additional 29,555 shares during the period. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

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.