Analysts Set Genius Sports Limited (NYSE:GENI) PT at $9.33

Shares of Genius Sports Limited (NYSE:GENI) have earned an average rating of “Buy” from the ten research firms that are covering the stock, MarketBeat reports. Ten equities research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $9.33.

Several research firms have commented on GENI. B. Riley started coverage on Genius Sports in a research note on Friday, April 5th. They set a “buy” rating and a $9.00 price objective for the company. The Goldman Sachs Group began coverage on Genius Sports in a report on Tuesday, April 16th. They set a “buy” rating and a $7.50 price target for the company. Oppenheimer reissued an “outperform” rating and issued a $10.00 price objective on shares of Genius Sports in a research note on Thursday, April 4th. Benchmark restated a “buy” rating and issued a $10.00 target price on shares of Genius Sports in a research note on Thursday, March 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 target price on shares of Genius Sports in a report on Thursday, May 9th.

Institutional Investors Weigh In On Genius Sports

A number of institutional investors and hedge funds have recently bought and sold shares of GENI. NewEdge Wealth LLC acquired a new stake in Genius Sports during the 4th quarter worth approximately $62,000. Brown Advisory Inc. acquired a new position in shares of Genius Sports in the 4th quarter worth approximately $76,000. Algert Global LLC bought a new stake in shares of Genius Sports in the 3rd quarter valued at approximately $68,000. Virtu Financial LLC acquired a new stake in shares of Genius Sports during the 1st quarter valued at approximately $94,000. Finally, MQS Management LLC acquired a new stake in shares of Genius Sports during the 3rd quarter valued at approximately $88,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Down 1.8 %

GENI opened at $5.45 on Friday. Genius Sports has a 52 week low of $4.62 and a 52 week high of $8.45. The business’s 50 day moving average is $5.28 and its two-hundred day moving average is $5.90. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of -13.97 and a beta of 1.96.

Genius Sports (NYSE:GENI) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate 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 net margin of 19.73% and a negative return on equity of 12.98%. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.12) EPS. Equities analysts expect that Genius Sports will post -0.17 EPS for the current fiscal 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.