Genius Sports (NYSE:GENI) Price Target Raised to $12.50

Genius Sports (NYSE:GENI) had its target price raised by investment analysts at The Goldman Sachs Group from $11.00 to $12.50 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 31.55% from the company’s current price.

GENI has been the topic of several other research reports. Macquarie boosted their price target on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $11.00 price target on shares of Genius Sports in a research note on Monday, January 27th. Benchmark boosted their price target on Genius Sports from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday. B. Riley boosted their price target on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 price target on shares of Genius Sports in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $11.83.

Genius Sports Trading Down 2.2 %

GENI opened at $9.50 on Wednesday. The stock has a market cap of $2.05 billion, a PE ratio of -29.69 and a beta of 2.14. Genius Sports has a 1 year low of $4.91 and a 1 year high of $10.33. The stock’s 50 day simple moving average is $9.00 and its 200-day simple moving average is $8.44.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). The firm had revenue of $175.53 million for the quarter, compared to the consensus estimate of $175.52 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. Equities analysts forecast that Genius Sports will post -0.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Genius Sports

A number of institutional investors and hedge funds have recently bought and sold shares of GENI. D.A. Davidson & CO. raised its position in shares of Genius Sports by 2.7% during the fourth quarter. D.A. Davidson & CO. now owns 53,608 shares of the company’s stock worth $464,000 after acquiring an additional 1,396 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Genius Sports by 19.4% during the fourth quarter. ProShare Advisors LLC now owns 17,132 shares of the company’s stock worth $148,000 after acquiring an additional 2,787 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Genius Sports by 39.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock worth $105,000 after acquiring an additional 3,429 shares during the last quarter. State of Wyoming raised its position in shares of Genius Sports by 8.3% during the fourth quarter. State of Wyoming now owns 45,630 shares of the company’s stock worth $395,000 after acquiring an additional 3,495 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Genius Sports by 27.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company’s stock worth $143,000 after acquiring an additional 3,548 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

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.