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

Shares of Genius Sports Limited (NYSE:GENI) have been assigned an average rating of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $11.28.

GENI has been the subject of a number of research reports. B. Riley increased their price target 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 13th. Macquarie raised 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. Citizens Jmp cut Genius Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Citigroup raised 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 27th. Finally, Benchmark upped their target price on shares of Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Moody National Bank Trust Division increased its position in shares of Genius Sports by 1.5% during the fourth quarter. Moody National Bank Trust Division now owns 520,214 shares of the company’s stock valued at $4,500,000 after acquiring an additional 7,674 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Genius Sports during the third quarter valued at $78,000. Arkadios Wealth Advisors purchased a new position in Genius Sports in the 3rd quarter worth about $79,000. Captrust Financial Advisors bought a new stake in shares of Genius Sports in the third quarter worth approximately $84,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Genius Sports during the second quarter valued at approximately $67,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

Genius Sports Stock Performance

Shares of GENI stock opened at $8.72 on Tuesday. The firm has a market cap of $2.00 billion, a P/E ratio of -27.23 and a beta of 2.15. The business’s 50 day moving average price is $9.12 and its 200-day moving average price is $7.83. Genius Sports has a fifty-two week low of $4.91 and a fifty-two week high of $10.33.

Genius Sports (NYSE:GENI) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $120.20 million for the quarter, compared to the consensus estimate of $118.94 million. During the same period in the previous year, the firm earned ($0.06) EPS. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, equities analysts predict that Genius Sports will post -0.16 EPS for the current year.

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.