Genius Sports Limited (NYSE:GENI) Receives $10.39 Average Price Target from Brokerages

Shares of Genius Sports Limited (NYSE:GENI) have been assigned an average rating of “Buy” from the nine analysts that are currently covering the company, Marketbeat reports. Nine research analysts have rated the stock with a buy rating. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $10.72.

A number of research firms have weighed in on GENI. Macquarie increased their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. B. Riley increased their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Citigroup increased their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $9.00 price target on shares of Genius Sports in a research note on Tuesday, November 12th. Finally, Benchmark increased their price target on shares of Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th.

Genius Sports Stock Performance

Shares of GENI opened at $10.06 on Monday. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of -31.38 and a beta of 1.98. The company’s 50 day simple moving average is $7.95 and its 200 day simple moving average is $6.84. Genius Sports has a 1 year low of $4.91 and a 1 year high of $10.15.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06. The business had revenue of $120.20 million for the quarter, compared to the consensus estimate of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. 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 posted ($0.06) earnings per share. Equities analysts expect that Genius Sports will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Genius Sports

A number of hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP grew its holdings in Genius Sports by 2.9% during the 3rd quarter. Wellington Management Group LLP now owns 8,292,521 shares of the company’s stock valued at $65,013,000 after purchasing an additional 230,209 shares in the last quarter. Senvest Management LLC grew its holdings in Genius Sports by 12.2% during the 3rd quarter. Senvest Management LLC now owns 7,546,809 shares of the company’s stock valued at $59,167,000 after purchasing an additional 819,385 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Genius Sports by 10.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,520,342 shares of the company’s stock valued at $58,959,000 after purchasing an additional 691,539 shares in the last quarter. FMR LLC grew its holdings in Genius Sports by 53.2% during the 3rd quarter. FMR LLC now owns 7,219,874 shares of the company’s stock worth $56,604,000 after acquiring an additional 2,507,165 shares in the last quarter. Finally, Portolan Capital Management LLC increased its position in shares of Genius Sports by 9.4% in the 3rd quarter. Portolan Capital Management LLC now owns 3,170,891 shares of the company’s stock worth $24,860,000 after purchasing an additional 272,545 shares during the last quarter. Hedge funds and other 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.