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

Shares of Genius Sports Limited (NYSE:GENI) have been assigned an average recommendation of “Buy” from the ten brokerages that are presently covering the company, MarketBeat.com reports. Ten research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued a report on the stock in the last year is $9.45.

GENI has been the subject of several recent analyst reports. Macquarie lowered their price objective on shares of Genius Sports from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Thursday, July 18th. Citigroup initiated coverage on shares of Genius Sports in a research note on Thursday, June 13th. They set a “buy” rating and a $9.00 price objective for the company. B. Riley upped their price objective on shares of Genius Sports from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group upped their price objective on shares of Genius Sports from $7.50 to $8.50 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Benchmark reaffirmed a “buy” rating and set a $10.00 price objective on shares of Genius Sports in a research note on Thursday, September 26th.

Hedge Funds Weigh In On Genius Sports

A number of institutional investors and hedge funds have recently made changes to their positions in GENI. Koss Olinger Consulting LLC bought a new position in shares of Genius Sports during the second quarter valued at approximately $64,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Genius Sports during the second quarter valued at approximately $67,000. Virtu Financial LLC bought a new position in shares of Genius Sports during the first quarter valued at approximately $94,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Genius Sports by 42.4% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,953 shares of the company’s stock valued at $98,000 after purchasing an additional 5,342 shares in the last quarter. Finally, ProShare Advisors LLC bought a new position in shares of Genius Sports during the second quarter valued at approximately $102,000. Institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Performance

NYSE GENI opened at $7.45 on Friday. Genius Sports has a 52-week low of $4.62 and a 52-week high of $8.64. The company has a market capitalization of $1.71 billion, a P/E ratio of -19.10 and a beta of 1.96. The company has a fifty day moving average of $7.39 and a 200-day moving average of $6.15.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The business had revenue of $95.50 million during the quarter, compared to the consensus estimate of $94.15 million. Genius Sports had a negative return on equity of 15.30% and a negative net margin of 21.93%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) earnings per share. As a group, analysts forecast that Genius Sports will post -0.2 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.