The Goldman Sachs Group Issues Positive Forecast for Genius Sports (NYSE:GENI) Stock Price

Genius Sports (NYSE:GENI - Free Report) had its price objective boosted by The Goldman Sachs Group from $11.00 to $12.50 in a research note published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also issued reports on GENI. B. Riley boosted their price objective on Genius Sports from $10.00 to $12.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Oppenheimer lifted their target price on Genius Sports from $10.00 to $12.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $12.00 target price on shares of Genius Sports in a research note on Tuesday, March 4th. JMP Securities reaffirmed a "market outperform" rating and set a $11.00 target price on shares of Genius Sports in a research note on Monday, January 27th. Finally, Citizens Jmp downgraded Genius Sports from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Genius Sports presently has a consensus rating of "Moderate Buy" and an average target price of $11.83.

Genius Sports Price Performance

NYSE:GENI traded up $0.22 during midday trading on Wednesday, reaching $9.73. 5,335,615 shares of the company traded hands, compared to its average volume of 2,436,281. Genius Sports has a twelve month low of $4.91 and a twelve month high of $10.33. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of -30.42 and a beta of 2.14. The company has a fifty day moving average price of $9.02 and a 200 day moving average price of $8.46.

Remove Ads

Genius Sports (NYSE:GENI - Get Free Report) last released its quarterly earnings data 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 net margin of 15.84% and a negative return on equity of 14.11%. The company had revenue of $175.53 million for the quarter, compared to analyst estimates of $175.52 million. During the same quarter in the prior year, the firm earned ($0.10) EPS. On average, equities research analysts forecast that Genius Sports will post -0.1 earnings per share for the current fiscal year.

Institutional Trading of Genius Sports

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Genius Sports during the fourth quarter worth $58,000. Captrust Financial Advisors acquired a new stake in shares of Genius Sports during the third quarter worth $84,000. Walleye Trading LLC raised its position in shares of Genius Sports by 169.9% during the third quarter. Walleye Trading LLC now owns 12,155 shares of the company's stock worth $95,000 after purchasing an additional 29,555 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Genius Sports by 39.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock worth $105,000 after purchasing an additional 3,429 shares during the period. Finally, Bayesian Capital Management LP acquired a new stake in shares of Genius Sports during the fourth quarter worth $129,000. Institutional investors own 81.91% of the company's stock.

About Genius Sports

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.