Analysts Set Genius Sports Limited (NYSE:GENI) PT at $11.68

Shares of Genius Sports Limited (NYSE:GENI) have received a consensus rating of “Moderate Buy” from the twenty research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $11.6842.

Several analysts have commented on the stock. Stifel Nicolaus lowered their target price on shares of Genius Sports from $7.00 to $5.00 and set a “hold” rating for the company in a research note on Thursday, April 9th. Benchmark reissued a “buy” rating on shares of Genius Sports in a research report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Genius Sports in a research report on Monday, May 11th. They issued a “buy” rating and a $10.00 target price on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Genius Sports in a research report on Friday, March 27th. Finally, B. Riley Financial reissued a “buy” rating on shares of Genius Sports in a research report on Friday, May 8th.

Genius Sports Trading Up 0.6%

GENI stock opened at $6.08 on Friday. The company has a market cap of $1.50 billion, a P/E ratio of -9.97 and a beta of 1.90. Genius Sports has a 52 week low of $3.83 and a 52 week high of $13.73. The company’s 50-day moving average price is $4.64 and its 200 day moving average price is $7.25.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.The company had revenue of $187.95 million for the quarter, compared to analysts’ expectations of $170.60 million. During the same period in the prior year, the firm posted ($0.03) EPS. The firm’s quarterly revenue was up 30.5% on a year-over-year basis. On average, equities research analysts expect that Genius Sports will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On Genius Sports

Several hedge funds have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd purchased a new position in shares of Genius Sports in the 3rd quarter worth about $65,000. Strs Ohio raised its holdings in shares of Genius Sports by 178.9% in the 3rd quarter. Strs Ohio now owns 5,300 shares of the company’s stock worth $66,000 after purchasing an additional 3,400 shares during the period. Parallel Advisors LLC purchased a new position in shares of Genius Sports in the 1st quarter worth about $25,000. UMB Bank n.a. purchased a new position in shares of Genius Sports in the 4th quarter worth about $63,000. Finally, Bessemer Group Inc. lifted its position in Genius Sports by 1,163.1% during the third quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock valued at $87,000 after buying an additional 6,455 shares in the last quarter. 81.91% of the stock is owned by institutional investors and hedge funds.

Genius Sports Company Profile

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.