Analysts Set Genius Sports Limited (NYSE:GENI) PT at $12.23

Shares of Genius Sports Limited (NYSE:GENI) have been given an average recommendation of “Moderate Buy” by the eleven research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $12.23.

Several equities research analysts recently commented on the company. Needham & Company LLC set a $13.00 target price on Genius Sports in a report on Wednesday, March 5th. B. Riley started coverage on shares of Genius Sports in a research note on Tuesday, March 18th. They set a “buy” rating on the stock. Lake Street Capital upped their target price on shares of Genius Sports from $10.50 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Craig Hallum set a $15.00 price target on shares of Genius Sports in a research note on Tuesday, March 4th. Finally, Guggenheim initiated coverage on shares of Genius Sports in a research report on Tuesday, March 18th. They issued a “buy” rating and a $12.00 price objective for the company.

Genius Sports Stock Up 0.1 %

Shares of GENI stock opened at $10.03 on Friday. Genius Sports has a fifty-two week low of $4.91 and a fifty-two week high of $11.16. The firm’s 50 day moving average price is $9.41 and its two-hundred day moving average price is $8.75. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of -31.33 and a beta of 2.14.

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

Hedge Funds Weigh In On Genius Sports

Large investors have recently modified their holdings of the stock. Polar Asset Management Partners Inc. bought a new stake in Genius Sports in the fourth quarter valued at about $8,080,000. Castleark Management LLC bought a new stake in shares of Genius Sports in the 4th quarter valued at approximately $3,962,000. Two Sigma Investments LP acquired a new stake in shares of Genius Sports during the 4th quarter valued at approximately $227,000. State of Wyoming lifted its stake in 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 purchasing an additional 3,495 shares during the last quarter. Finally, Sycale Advisors NY LLC acquired a new position in Genius Sports in the fourth quarter worth $12,113,000. Institutional investors 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.