Brokerages Set Genius Sports Limited (NYSE:GENI) Target Price at $11.44

Genius Sports Limited (NYSE:GENI) has received a consensus rating of “Moderate Buy” from the nineteen ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $11.4412.

A number of equities analysts have recently commented on GENI shares. Zacks Research downgraded shares of Genius Sports from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Oppenheimer upped their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. BTIG Research increased their price target on shares of Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $10.50 price objective on shares of Genius Sports in a report on Friday, August 7th.

Genius Sports Stock Performance

GENI opened at $6.84 on Friday. The stock’s 50 day simple moving average is $7.23 and its 200-day simple moving average is $5.95. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.10. The stock has a market cap of $1.68 billion, a PE ratio of -10.05 and a beta of 1.88. Genius Sports has a 1 year low of $3.83 and a 1 year high of $13.69.

Genius Sports (NYSE:GENI) last issued its earnings results on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.21). The firm had revenue of $195.50 million during the quarter, compared to the consensus estimate of $184.43 million. Genius Sports had a negative return on equity of 23.83% and a negative net margin of 22.99%.The firm’s revenue for the quarter was up 64.7% compared to the same quarter last year. During the same period last year, the business earned ($0.21) earnings per share. Sell-side analysts forecast that Genius Sports will post -0.35 EPS for the current year.

Institutional Trading of Genius Sports

Institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC acquired a new position in Genius Sports during the first quarter worth $25,000. Baer Investment Advisory LLC acquired a new stake in shares of Genius Sports in the 1st quarter valued at $61,000. UMB Bank n.a. acquired a new stake in shares of Genius Sports in the 4th quarter valued at $63,000. Lexington Hill Partners LLC bought a new stake in shares of Genius Sports in the 2nd quarter worth about $64,000. Finally, Pacer Advisors Inc. grew its holdings in shares of Genius Sports by 29.1% in the 1st quarter. Pacer Advisors Inc. now owns 15,270 shares of the company’s stock worth $68,000 after purchasing an additional 3,440 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

About Genius Sports

Genius Sports Limited (NYSE:GENI) is a sports technology and data company that provides official sports data, technology, and digital services to sports leagues, federations, teams, broadcasters, sportsbooks, and brands. Its platforms help clients collect, manage, distribute, and commercialize live sports information across digital channels.

The company’s offerings include live scores and statistics, data feeds for sports betting, fan-engagement tools, video streaming and content services, and advertising and sponsorship technology.