Genius Sports (NYSE:GENI - Get Free Report) had its price objective upped by analysts at The Goldman Sachs Group from $8.50 to $11.50 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. The Goldman Sachs Group's price target would indicate a potential upside of 22.47% from the company's previous close.
Other research analysts have also recently issued reports about the company. Benchmark raised their target price on Genius Sports from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday. Macquarie lifted their price objective on Genius Sports from $10.00 to $12.00 and gave the company an "outperform" rating in a report on Wednesday. B. Riley upped their target price on Genius Sports from $10.00 to $12.00 and gave the company a "buy" rating in a research report on Wednesday. Oppenheimer lifted their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Needham & Company LLC restated a "buy" rating and issued a $9.00 target price on shares of Genius Sports in a report on Tuesday. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $10.55.
View Our Latest Analysis on Genius Sports
Genius Sports Trading Down 2.1 %
Genius Sports stock traded down $0.20 during trading on Thursday, hitting $9.39. 3,976,026 shares of the company were exchanged, compared to its average volume of 2,384,667. The business's 50 day moving average is $7.62 and its 200 day moving average is $6.56. Genius Sports has a 52 week low of $4.91 and a 52 week high of $10.15. The company has a market capitalization of $2.15 billion, a P/E ratio of -29.34 and a beta of 1.98.
Genius Sports (NYSE:GENI - Get Free Report) last announced 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 business had revenue of $120.20 million for the quarter, compared to analyst estimates of $118.94 million. Genius Sports had a negative return on equity of 14.09% and a negative net margin of 15.84%. The company's quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.06) EPS. Equities analysts expect that Genius Sports will post -0.2 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in shares of Genius Sports during the 1st quarter worth about $119,000. Oppenheimer & Co. Inc. grew its holdings in shares of Genius Sports by 58.2% during the first quarter. Oppenheimer & Co. Inc. now owns 81,770 shares of the company's stock worth $467,000 after purchasing an additional 30,089 shares during the last quarter. MQS Management LLC acquired a new position in Genius Sports during the 1st quarter worth $167,000. Silvercrest Asset Management Group LLC raised its stake in shares of Genius Sports by 4.6% during the first quarter. Silvercrest Asset Management Group LLC now owns 1,159,465 shares of the company's stock worth $6,621,000 after buying an additional 50,482 shares during the last quarter. Finally, Levin Capital Strategies L.P. boosted its stake in Genius Sports by 40.0% during the 1st quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company's stock worth $200,000 after acquiring an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company's stock.
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.
Further Reading
Before you consider Genius Sports, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Genius Sports wasn't on the list.
While Genius Sports currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
