B. Riley Raises Genius Sports (NYSE:GENI) Price Target to $12.00

Genius Sports (NYSE:GENI) had its target price lifted by B. Riley from $10.00 to $12.00 in a research note released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the company. Oppenheimer increased their price target on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday. Benchmark raised their target price on shares of Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $9.00 price target on shares of Genius Sports in a report on Tuesday. Macquarie increased their target price on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, The Goldman Sachs Group lifted their price target on Genius Sports from $7.50 to $8.50 and gave the company a “buy” rating in a report on Thursday, August 8th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $10.39.

Genius Sports Trading Down 3.0 %

NYSE:GENI opened at $9.11 on Wednesday. The company has a 50-day moving average of $7.66 and a 200-day moving average of $6.58. Genius Sports has a twelve month low of $4.91 and a twelve month high of $10.15. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of -28.47 and a beta of 1.98.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. The company had revenue of $120.20 million during the quarter, compared to the consensus estimate of $118.94 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.06) EPS. On average, research analysts forecast that Genius Sports will post -0.2 earnings per share for the current year.

Institutional Trading of Genius Sports

Several large investors have recently added to or reduced their stakes in the business. Koss Olinger Consulting LLC bought a new position in shares of Genius Sports during the 2nd quarter valued at $64,000. Vanguard Personalized Indexing Management LLC bought a new position in Genius Sports during the second quarter valued at about $67,000. Sound Income Strategies LLC acquired a new stake in shares of Genius Sports in the third quarter worth about $78,000. Arkadios Wealth Advisors bought a new stake in shares of Genius Sports during the 3rd quarter worth about $79,000. Finally, Captrust Financial Advisors bought a new position in shares of Genius Sports in the 3rd quarter valued at approximately $84,000. 81.91% of the stock is owned by institutional investors.

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.