Genius Sports (NYSE:GENI) Reaches New 12-Month High - What's Next?

Genius Sports Limited (NYSE:GENI - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $10.37 and last traded at $10.36, with a volume of 3154750 shares changing hands. The stock had previously closed at $10.05.

Wall Street Analysts Forecast Growth

GENI has been the topic of a number of research reports. The Goldman Sachs Group increased their price target on Genius Sports from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Citizens Jmp cut Genius Sports from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Craig Hallum set a $15.00 price target on shares of Genius Sports in a research report on Tuesday, March 4th. B. Riley initiated coverage on shares of Genius Sports in a research report on Tuesday, March 18th. They issued a "buy" rating on the stock. Finally, Needham & Company LLC set a $13.00 target price on shares of Genius Sports in a research note on Wednesday, March 5th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.23.

Genius Sports Price Performance

The business has a 50 day simple moving average of $9.22 and a 200 day simple moving average of $8.63. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -34.45 and a beta of 2.14.

Genius Sports (NYSE:GENI - Get Free Report) last released its earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The firm had revenue of $175.53 million for the quarter, compared to the consensus estimate of $175.52 million. During the same quarter in the previous year, the firm earned ($0.10) EPS. As a group, sell-side analysts anticipate that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

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Hedge Funds Weigh In On Genius Sports

Several institutional investors and hedge funds have recently modified their holdings of GENI. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Genius Sports in the fourth quarter valued at about $58,000. Captrust Financial Advisors bought a new position in Genius Sports in the third quarter valued at $84,000. Walleye Trading LLC increased its stake in 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 last quarter. Steward Partners Investment Advisory LLC lifted its position in Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock worth $105,000 after buying an additional 3,429 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new position in shares of Genius Sports in the 4th quarter valued at about $129,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

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.