Genius Sports Limited (NYSE:GENI) Receives $9.33 Average Target Price from Analysts

Genius Sports Limited (NYSE:GENI) has earned an average rating of “Buy” from the ten ratings firms that are currently covering the company, Marketbeat reports. Ten research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $9.33.

GENI has been the subject of a number of research analyst reports. The Goldman Sachs Group started coverage on shares of Genius Sports in a research report on Tuesday, April 16th. They issued a “buy” rating and a $7.50 target price for the company. JMP Securities raised their target price on Genius Sports from $8.00 to $9.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 9th. Citigroup began coverage on shares of Genius Sports in a research note on Thursday, June 13th. They issued a “buy” rating and a $9.00 price objective on the stock. Benchmark restated a “buy” rating and set a $10.00 target price on shares of Genius Sports in a research report on Thursday, March 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $9.00 price target on shares of Genius Sports in a research report on Thursday, May 9th.

Institutional Trading of Genius Sports

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nikko Asset Management Americas Inc. grew its stake in Genius Sports by 25.0% during the first quarter. Nikko Asset Management Americas Inc. now owns 8,503,563 shares of the company’s stock valued at $48,555,000 after acquiring an additional 1,702,602 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Genius Sports by 25.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,503,563 shares of the company’s stock worth $48,555,000 after purchasing an additional 1,702,602 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Genius Sports by 383.6% in the fourth quarter. Wellington Management Group LLP now owns 7,277,462 shares of the company’s stock worth $44,975,000 after buying an additional 5,772,540 shares in the last quarter. ARK Investment Management LLC boosted its stake in Genius Sports by 9.9% during the fourth quarter. ARK Investment Management LLC now owns 6,914,013 shares of the company’s stock valued at $42,729,000 after buying an additional 620,472 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Genius Sports by 20.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,351,090 shares of the company’s stock valued at $33,070,000 after buying an additional 919,980 shares in the last quarter. Institutional investors own 81.91% of the company’s stock.

Genius Sports Price Performance

GENI stock opened at $5.39 on Friday. The stock has a market capitalization of $1.24 billion, a P/E ratio of -13.82 and a beta of 1.96. Genius Sports has a 1-year low of $4.62 and a 1-year high of $8.45. The business has a fifty day moving average price of $5.30 and a 200-day moving average price of $5.89.

Genius Sports (NYSE:GENI) last issued its earnings results on Wednesday, May 8th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). The business had revenue of $119.72 million during the quarter, compared to analysts’ expectations of $116.53 million. Genius Sports had a negative return on equity of 12.98% and a negative net margin of 19.73%. Genius Sports’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.12) EPS. As a group, analysts anticipate that Genius Sports will post -0.17 earnings per share for the current year.

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.