Genius Sports Limited (NYSE:GENI) Receives Average Recommendation of “Moderate Buy” from Analysts

Genius Sports Limited (NYSE:GENI) has received an average rating of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $11.28.

Several research firms recently issued reports on GENI. B. Riley increased their target price on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. JMP Securities reissued a “market outperform” rating and set a $11.00 price target on shares of Genius Sports in a research report on Monday, January 27th. Citizens Jmp lowered shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Citigroup upped their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $12.00 price target on shares of Genius Sports in a research report on Friday, January 17th.

Genius Sports Price Performance

Shares of GENI opened at $9.09 on Friday. The firm has a 50-day simple moving average of $9.01 and a two-hundred day simple moving average of $8.12. The stock has a market cap of $1.96 billion, a PE ratio of -28.39 and a beta of 2.15. Genius Sports has a 1-year low of $4.91 and a 1-year high of $10.33.

Genius Sports (NYSE:GENI) last posted its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.06. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm had revenue of $120.20 million during the quarter, compared to the consensus estimate of $118.94 million. During the same quarter last year, the firm earned ($0.06) EPS. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, sell-side analysts expect that Genius Sports will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Genius Sports

Institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC purchased a new position in Genius Sports in the third quarter valued at $78,000. Arkadios Wealth Advisors purchased a new position in shares of Genius Sports in the 3rd quarter valued at about $79,000. Captrust Financial Advisors acquired a new stake in shares of Genius Sports during the 3rd quarter worth about $84,000. Walleye Trading LLC lifted its stake in 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 last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Genius Sports by 39.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock valued at $105,000 after purchasing an additional 3,429 shares in the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.

Genius Sports Company Profile

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.