Equities research analysts at Guggenheim started coverage on shares of Genius Sports (NYSE:GENI - Get Free Report) in a note issued to investors on Tuesday, MarketBeat Ratings reports. The firm set a "buy" rating and a $12.00 price target on the stock. Guggenheim's price objective suggests a potential upside of 15.80% from the company's current price.
Several other research firms have also recently commented on GENI. Needham & Company LLC set a $13.00 target price on Genius Sports in a research note on Wednesday, March 5th. Lake Street Capital raised their target price on Genius Sports from $10.50 to $11.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. JMP Securities reaffirmed a "market outperform" rating and set a $11.00 price target on shares of Genius Sports in a research report on Monday, January 27th. Citigroup raised 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. Finally, Benchmark lifted their price target 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 equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $12.23.
Check Out Our Latest Research Report on Genius Sports
Genius Sports Stock Performance
NYSE:GENI traded up $0.31 during mid-day trading on Tuesday, hitting $10.36. 6,288,805 shares of the stock were exchanged, compared to its average volume of 2,534,163. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of -32.38 and a beta of 2.14. The firm's 50-day simple moving average is $9.17 and its 200 day simple moving average is $8.58. Genius Sports has a fifty-two week low of $4.91 and a fifty-two week high of $10.44.
Genius Sports (NYSE:GENI - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.16). Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The company had revenue of $175.53 million during the quarter, compared to analyst estimates of $175.52 million. During the same period in the prior year, the firm earned ($0.10) earnings per share. On average, analysts predict that Genius Sports will post -0.1 EPS for the current fiscal year.
Hedge Funds Weigh In On Genius Sports
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GENI. Emerald Mutual Fund Advisers Trust bought a new position in Genius Sports in the 4th quarter valued at approximately $58,000. Captrust Financial Advisors bought a new position in shares of Genius Sports during the 3rd quarter valued at $84,000. Walleye Trading LLC boosted its stake 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 worth $95,000 after buying an additional 29,555 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Genius Sports by 39.2% in 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 during the last quarter. Finally, Bayesian Capital Management LP bought a new stake in shares of Genius Sports during the 4th quarter valued at about $129,000. 81.91% of the stock is owned by institutional investors.
Genius Sports Company Profile
(
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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