Genius Sports (NYSE:GENI - Free Report) had its price objective hoisted by Lake Street Capital from $10.50 to $11.00 in a report published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.
Other research analysts also recently issued research reports about the stock. Macquarie upped their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Citigroup increased their target price on Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Benchmark boosted their price target on Genius Sports from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Wednesday. JMP Securities restated a "market outperform" rating and issued a $11.00 price target on shares of Genius Sports in a research note on Monday, January 27th. Finally, The Goldman Sachs Group lifted their price objective on shares of Genius Sports from $11.00 to $12.50 and gave the company a "buy" rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.83.
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Genius Sports Stock Performance
Shares of NYSE GENI traded up $0.22 during trading on Wednesday, hitting $9.73. The company had a trading volume of 5,335,615 shares, compared to its average volume of 2,436,281. Genius Sports has a 12 month low of $4.91 and a 12 month high of $10.33. The firm has a market capitalization of $2.09 billion, a P/E ratio of -30.42 and a beta of 2.14. The stock has a 50 day simple moving average of $9.02 and a 200 day simple moving average of $8.46.
Genius Sports (NYSE:GENI - Get Free Report) last released its earnings results 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 the consensus estimate of $175.52 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same quarter in the previous year, the business posted ($0.10) EPS. As a group, analysts predict that Genius Sports will post -0.1 EPS for the current year.
Institutional Investors Weigh In On Genius Sports
Hedge funds have recently bought and sold shares of the business. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Genius Sports in the 4th quarter worth $58,000. Captrust Financial Advisors bought a new position in shares of Genius Sports in the 3rd quarter valued at about $84,000. Walleye Trading LLC lifted its holdings 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 acquiring an additional 29,555 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in 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 in the last quarter. Finally, Bayesian Capital Management LP bought a new stake in Genius Sports during the fourth quarter worth approximately $129,000. Hedge funds and other institutional investors own 81.91% of the company's stock.
About Genius Sports
(
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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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