Genius Sports (NYSE:GENI - Get Free Report) had its target price raised by analysts at Oppenheimer from $10.00 to $12.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Oppenheimer's target price would indicate a potential upside of 25.13% from the stock's previous close.
GENI has been the topic of several other reports. Needham & Company LLC reiterated a "buy" rating and set a $9.00 price target on shares of Genius Sports in a report on Tuesday. B. Riley upped their price target on shares of Genius Sports from $9.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, August 7th. Benchmark reiterated a "buy" rating and set a $10.00 price target on shares of Genius Sports in a report on Friday, October 11th. Macquarie lowered their price objective on shares of Genius Sports from $10.00 to $9.00 and set an "outperform" rating for the company in a research report on Thursday, July 18th. Finally, The Goldman Sachs Group boosted their price objective on shares of Genius Sports from $7.50 to $8.50 and gave the company a "buy" rating in a research report on Thursday, August 8th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $10.25.
View Our Latest Stock Analysis on GENI
Genius Sports Stock Performance
Shares of Genius Sports stock traded up $0.12 during trading hours on Wednesday, reaching $9.59. The company's stock had a trading volume of 7,381,575 shares, compared to its average volume of 2,374,862. The firm has a 50 day moving average price of $7.53 and a 200-day moving average price of $6.52. Genius Sports has a one year low of $4.90 and a one year high of $10.15.
Genius Sports (NYSE:GENI - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.06. The firm had revenue of $120.20 million for the quarter, compared to the consensus estimate of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.09%. The business's quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.06) EPS. On average, equities research analysts forecast that Genius Sports will post -0.2 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the company. FMR LLC increased its stake in Genius Sports by 53.2% during the 3rd quarter. FMR LLC now owns 7,219,874 shares of the company's stock valued at $56,604,000 after purchasing an additional 2,507,165 shares in the last quarter. Divisadero Street Capital Management LP acquired a new position in Genius Sports during the 2nd quarter valued at approximately $11,233,000. Massachusetts Financial Services Co. MA increased its stake in Genius Sports by 28.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,828,803 shares of the company's stock valued at $37,217,000 after purchasing an additional 1,502,958 shares in the last quarter. Bank of Montreal Can acquired a new position in Genius Sports during the 2nd quarter valued at approximately $6,575,000. Finally, Rice Hall James & Associates LLC acquired a new position in Genius Sports during the 2nd quarter valued at approximately $5,521,000. Institutional investors own 81.91% of the company's stock.
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.
Further Reading
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