Genius Sports Limited (NYSE:GENI - Get Free Report) shares rose 3.5% during mid-day trading on Thursday . The company traded as high as $9.94 and last traded at $9.99. Approximately 490,449 shares traded hands during trading, a decline of 80% from the average daily volume of 2,485,925 shares. The stock had previously closed at $9.65.
Analyst Upgrades and Downgrades
GENI has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their target price on Genius Sports from $11.00 to $12.50 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Needham & Company LLC set a $13.00 price objective on shares of Genius Sports in a research note on Wednesday, March 5th. Guggenheim began coverage on shares of Genius Sports in a research report on Tuesday, March 18th. They issued a "buy" rating and a $12.00 target price on the stock. Craig Hallum set a $15.00 target price on Genius Sports in a report on Tuesday, March 4th. Finally, Benchmark boosted their price objective on Genius Sports from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $12.23.
Get Our Latest Report on GENI
Genius Sports Stock Up 4.3 %
The stock has a market capitalization of $2.34 billion, a PE ratio of -33.94 and a beta of 2.14. The business's fifty day moving average is $9.17 and its two-hundred day moving average is $8.60.
Genius Sports (NYSE:GENI - Get Free Report) last issued its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) 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 company had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. Sell-side analysts expect that Genius Sports Limited will post -0.1 EPS for the current fiscal year.
Institutional Trading of Genius Sports
Institutional investors and hedge funds have recently modified their holdings of the stock. Emerald Mutual Fund Advisers Trust bought a new position in shares of Genius Sports during the 4th quarter worth $58,000. Captrust Financial Advisors purchased a new stake in Genius Sports in the third quarter worth about $84,000. Walleye Trading LLC increased its position in Genius Sports by 169.9% during the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company's stock valued at $95,000 after purchasing an additional 29,555 shares during the period. Steward Partners Investment Advisory LLC increased 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 valued at $105,000 after purchasing an additional 3,429 shares during the period. Finally, Bayesian Capital Management LP bought a new stake in shares of Genius Sports in the 4th quarter valued at about $129,000. 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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