Genius Sports (NYSE:GENI) Rating Reiterated by Benchmark

Benchmark reiterated their buy rating on shares of Genius Sports (NYSE:GENI) in a research report report published on Thursday, Benzinga reports. Benchmark currently has a $10.00 target price on the stock.

A number of other equities analysts have also weighed in on GENI. Citigroup assumed coverage on shares of Genius Sports in a research report on Thursday, June 13th. They issued a buy rating and a $9.00 price objective on the stock. The Goldman Sachs Group upped their price target on shares of Genius Sports from $7.50 to $8.50 and gave the company a buy rating in a report on Thursday, August 8th. B. Riley upped their price objective on shares of Genius Sports from $9.00 to $10.00 and gave the company a buy rating in a research note on Wednesday, August 7th. Needham & Company LLC reissued a buy rating and set a $9.00 price objective on shares of Genius Sports in a research note on Tuesday, August 6th. Finally, Macquarie dropped their price target on shares of Genius Sports from $10.00 to $9.00 and set an outperform rating for the company in a research report on Thursday, July 18th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of Buy and an average price target of $9.45.

Genius Sports Trading Down 1.6 %

GENI stock opened at $8.14 on Thursday. Genius Sports has a twelve month low of $4.62 and a twelve month high of $8.64. The company’s 50 day moving average is $7.31 and its two-hundred day moving average is $6.10. The stock has a market cap of $1.87 billion, a P/E ratio of -20.87 and a beta of 1.96.

Genius Sports (NYSE:GENI) last announced its earnings results on Tuesday, August 6th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The business had revenue of $95.50 million during the quarter, compared to analyst estimates of $94.15 million. Genius Sports had a negative net margin of 21.93% and a negative return on equity of 15.30%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.05) earnings per share. On average, equities research analysts predict that Genius Sports will post -0.2 earnings per share for the current year.

Institutional Investors Weigh In On Genius Sports

Large investors have recently added to or reduced their stakes in the company. AYAL Capital Advisors Ltd bought a new position in Genius Sports during the 2nd quarter valued at $4,635,000. Squarepoint Ops LLC bought a new position in shares of Genius Sports in the 2nd quarter worth about $1,804,000. Bank of Montreal Can bought a new position in shares of Genius Sports in the 2nd quarter worth about $6,575,000. Hood River Capital Management LLC lifted its position in shares of Genius Sports by 6.0% in the 2nd quarter. Hood River Capital Management LLC now owns 2,026,873 shares of the company’s stock worth $11,046,000 after buying an additional 114,490 shares during the last quarter. Finally, ProShare Advisors LLC bought a new position in shares of Genius Sports in the 2nd quarter worth about $102,000. 81.91% of the stock is owned by institutional investors and hedge funds.

About Genius Sports

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.