Genius Sports Limited (NYSE:GENI – Get 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.
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
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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