Genius Sports Limited (NYSE:GENI - Get Free Report) saw strong trading volume on Wednesday . 1,920,414 shares traded hands during mid-day trading, a decline of 12% from the previous session's volume of 2,187,867 shares.The stock last traded at $9.18 and had previously closed at $9.21.
Analyst Ratings Changes
Several analysts recently commented on GENI shares. Macquarie increased their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Citizens Jmp cut shares of Genius Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. B. Riley boosted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Oppenheimer increased their target price on Genius Sports from $10.00 to $12.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Finally, Citigroup boosted their price target on Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $10.94.
Get Our Latest Stock Report on Genius Sports
Genius Sports Stock Down 4.5 %
The company has a market cap of $2.02 billion, a P/E ratio of -27.50 and a beta of 2.15. The business has a fifty day simple moving average of $9.04 and a two-hundred day simple moving average of $7.74.
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 for the quarter, topping the consensus estimate of ($0.01) by $0.06. The firm had revenue of $120.20 million for the quarter, compared to analysts' expectations of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The business's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.06) EPS. On average, equities analysts predict that Genius Sports Limited will post -0.16 EPS for the current fiscal year.
Institutional Investors Weigh In On Genius Sports
A number of hedge funds have recently modified their holdings of the business. AYAL Capital Advisors Ltd purchased a new position in Genius Sports during the second quarter valued at $4,635,000. GSA Capital Partners LLP purchased a new stake in Genius Sports in the 3rd quarter worth approximately $532,000. Senvest Management LLC raised its stake in 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 during the period. Millrace Asset Group Inc. purchased a new position in Genius Sports during the third quarter valued at approximately $1,897,000. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Genius Sports by 56.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 491,314 shares of the company's stock worth $4,250,000 after purchasing an additional 176,845 shares during the period. Institutional investors own 81.91% of the company's stock.
Genius Sports Company Profile
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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.
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