Shares of Genius Sports Limited (NYSE:GENI - Get Free Report) shot up 7.5% on Tuesday . The stock traded as high as $9.19 and last traded at $9.19. 949,033 shares traded hands during trading, a decline of 56% from the average session volume of 2,152,979 shares. The stock had previously closed at $8.55.
Analyst Upgrades and Downgrades
GENI has been the subject of several recent analyst reports. Citigroup boosted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Macquarie boosted their price target 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 downgraded shares of Genius Sports from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. JMP Securities reiterated a "market perform" rating and set a $11.00 target price on shares of Genius Sports in a research report on Monday, January 6th. Finally, The Goldman Sachs Group boosted their target price on Genius Sports from $8.50 to $11.50 and gave the company a "buy" rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Genius Sports currently has an average rating of "Moderate Buy" and a consensus target price of $10.94.
Check Out Our Latest Stock Report on GENI
Genius Sports Stock Up 8.0 %
The stock has a fifty day moving average price of $9.04 and a two-hundred day moving average price of $7.74. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of -28.84 and a beta of 2.15.
Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.06. The business had revenue of $120.20 million during the quarter, compared to analyst estimates of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The company's revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.06) earnings per share. As a group, research analysts forecast that Genius Sports Limited will post -0.16 earnings per share for the current fiscal year.
Institutional Trading of Genius Sports
A number of institutional investors and hedge funds have recently made changes to their positions in GENI. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Genius Sports during the second quarter worth about $67,000. Sound Income Strategies LLC purchased a new stake in shares of Genius Sports during the 3rd quarter valued at about $78,000. Arkadios Wealth Advisors acquired a new position in Genius Sports during the 3rd quarter worth approximately $79,000. Captrust Financial Advisors purchased a new position in Genius Sports in the 3rd quarter worth approximately $84,000. Finally, Walleye Trading LLC grew its position in Genius Sports by 169.9% in the third 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 in the last quarter. 81.91% of the stock is currently owned by institutional investors and hedge funds.
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.
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