Genius Sports Limited (NYSE:GENI) Given Consensus Recommendation of “Buy” by Analysts

Genius Sports Limited (NYSE:GENI) has received an average rating of “Buy” from the nine brokerages that are covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $10.39.

GENI has been the subject of several research reports. The Goldman Sachs Group upped their price target on shares of Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a research report on Thursday, November 14th. Macquarie upped their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Benchmark lifted their price target on shares of Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Oppenheimer upped 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, November 13th. Finally, B. Riley lifted their target price on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th.

Institutional Trading of Genius Sports

Several hedge funds have recently modified their holdings of GENI. Koss Olinger Consulting LLC purchased a new stake in Genius Sports during the second quarter valued at $64,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Genius Sports in the 2nd quarter worth about $67,000. Sound Income Strategies LLC purchased a new stake in shares of Genius Sports during the 3rd quarter valued at about $78,000. Arkadios Wealth Advisors bought a new position in shares of Genius Sports in the 3rd quarter valued at about $79,000. Finally, Captrust Financial Advisors purchased a new position in Genius Sports in the third quarter worth about $84,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

Genius Sports Stock Performance

GENI opened at $9.07 on Monday. The company’s 50-day simple moving average is $7.80 and its two-hundred day simple moving average is $6.74. Genius Sports has a 52-week low of $4.91 and a 52-week high of $10.15. The stock has a market capitalization of $2.08 billion, a P/E ratio of -28.34 and a beta of 1.98.

Genius Sports (NYSE:GENI) last issued its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.06. The company had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the company posted ($0.06) earnings per share. Research analysts forecast that Genius Sports will post -0.16 EPS for the current fiscal 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.