Genius Sports (NYSE:GENI) Stock Price Up 5.2%

Genius Sports Limited (NYSE:GENIGet Rating) shares rose 5.2% during trading on Wednesday . The stock traded as high as $4.43 and last traded at $4.42. Approximately 5,151 shares traded hands during trading, a decline of 100% from the average daily volume of 1,253,790 shares. The stock had previously closed at $4.20.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Citigroup lowered their price objective on shares of Genius Sports from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, July 7th. B. Riley increased their target price on shares of Genius Sports from $5.25 to $8.00 in a research note on Wednesday, August 17th. Needham & Company LLC raised their price objective on shares of Genius Sports from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Finally, Credit Suisse Group cut their price target on shares of Genius Sports from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, August 17th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Genius Sports has an average rating of “Moderate Buy” and an average target price of $10.43.

Genius Sports Stock Up 0.7 %

The firm’s fifty day moving average is $3.41 and its 200 day moving average is $3.70. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.01.

Genius Sports (NYSE:GENIGet Rating) last announced its quarterly earnings data on Tuesday, August 16th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.07. Genius Sports had a negative net margin of 54.23% and a negative return on equity of 25.86%. The firm had revenue of $71.12 million during the quarter, compared to analyst estimates of $64.70 million. During the same quarter in the prior year, the firm posted ($0.69) earnings per share. Genius Sports’s quarterly revenue was up 27.3% on a year-over-year basis. Equities research analysts expect that Genius Sports Limited will post -0.43 earnings per share for the current year.

Hedge Funds Weigh In On Genius Sports

Institutional investors have recently bought and sold shares of the company. Schrum Private Wealth Management LLC purchased a new position in Genius Sports in the first quarter worth approximately $39,000. MBE Wealth Management LLC purchased a new position in Genius Sports during the 2nd quarter worth approximately $28,000. Bridgefront Capital LLC purchased a new stake in Genius Sports in the 1st quarter valued at $65,000. US Bancorp DE purchased a new position in shares of Genius Sports during the first quarter worth about $69,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Genius Sports during the second quarter worth approximately $39,000. 34.15% of the stock is owned by institutional investors and hedge funds.

About Genius Sports

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Genius Sports Limited develops and sells 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.

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