Genius Sports (NYSE:GENI - Get Free Report) had its price target hoisted by stock analysts at Benchmark from $11.00 to $12.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Benchmark's target price would indicate a potential upside of 23.29% from the stock's previous close.
A number of other analysts have also recently commented on GENI. JMP Securities reiterated a "market outperform" rating and set a $11.00 price objective on shares of Genius Sports in a research report on Monday, January 27th. Citizens Jmp lowered Genius Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Macquarie boosted their price target on Genius Sports from $10.00 to $12.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Needham & Company LLC reissued a "buy" rating and set a $12.00 price target on shares of Genius Sports in a report on Tuesday, March 4th. Finally, Citigroup boosted their price target on Genius Sports from $10.00 to $12.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Genius Sports currently has an average rating of "Moderate Buy" and an average price target of $11.83.
Check Out Our Latest Stock Analysis on GENI
Genius Sports Price Performance
Genius Sports stock traded up $0.22 during mid-day trading on Wednesday, reaching $9.73. 5,335,615 shares of the stock traded hands, compared to its average volume of 2,436,281. The stock has a market capitalization of $2.09 billion, a PE ratio of -30.42 and a beta of 2.14. Genius Sports has a 12-month low of $4.91 and a 12-month high of $10.33. The business's 50-day moving average is $9.02 and its 200-day moving average is $8.46.
Genius Sports (NYSE:GENI - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations 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 last year, the company posted ($0.10) EPS. Equities analysts anticipate that Genius Sports will post -0.1 EPS for the current fiscal year.
Hedge Funds Weigh In On Genius Sports
Hedge funds have recently made changes to their positions in the business. Emerald Mutual Fund Advisers Trust bought a new position in shares of Genius Sports in the fourth quarter worth about $58,000. Captrust Financial Advisors bought a new position in shares of Genius Sports in the third quarter worth about $84,000. Walleye Trading LLC boosted its stake in shares of Genius Sports by 169.9% in the third quarter. Walleye Trading LLC now owns 12,155 shares of the company's stock worth $95,000 after acquiring an additional 29,555 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Genius Sports by 39.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock worth $105,000 after acquiring an additional 3,429 shares during the period. Finally, Bayesian Capital Management LP bought a new position in shares of Genius Sports in the fourth quarter worth about $129,000. Institutional investors own 81.91% of the company's stock.
About Genius Sports
(
Get Free Report)
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.
See Also
Before you consider Genius Sports, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Genius Sports wasn't on the list.
While Genius Sports currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
