Genius Sports (NYSE:GENI) Price Target Raised to $11.00 at Benchmark

Genius Sports (NYSE:GENI) had its price target upped by Benchmark from $10.00 to $11.00 in a research note issued to investors on Wednesday,Benzinga reports. Benchmark currently has a buy rating on the stock.

A number of other equities analysts have also commented on GENI. B. Riley raised their price target on shares of Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Macquarie 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 report on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $9.00 price target on shares of Genius Sports in a research report on Tuesday. Oppenheimer raised their price objective on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, The Goldman Sachs Group upped their target price on Genius Sports from $7.50 to $8.50 and gave the company a “buy” rating in a research report on Thursday, August 8th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $10.25.

Genius Sports Stock Up 1.3 %

Genius Sports stock opened at $9.59 on Wednesday. Genius Sports has a twelve month low of $4.90 and a twelve month high of $10.15. The stock has a market cap of $2.20 billion, a P/E ratio of -29.97 and a beta of 1.98. The company’s 50-day moving average price is $7.58 and its two-hundred day moving average price is $6.54.

Genius Sports (NYSE:GENI) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06. Genius Sports had a negative return on equity of 14.09% and a negative net margin of 15.84%. The business had revenue of $120.20 million during the quarter, compared to the consensus estimate of $118.94 million. During the same period in the previous year, the company posted ($0.06) EPS. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. Equities analysts anticipate that Genius Sports will post -0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC acquired a new position in Genius Sports during the 3rd quarter worth approximately $78,000. Arkadios Wealth Advisors bought a new stake in shares of Genius Sports during the third quarter worth $79,000. Koss Olinger Consulting LLC acquired a new position in shares of Genius Sports during the second quarter worth $64,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Genius Sports in the 2nd quarter valued at $67,000. Finally, Fullcircle Wealth LLC acquired a new stake in shares of Genius Sports during the 3rd quarter valued at $118,000. Institutional investors own 81.91% of the company’s stock.

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.