Genius Sports Limited (NYSE:GENI) Receives Average Rating of “Moderate Buy” from Analysts

Genius Sports Limited (NYSE:GENI) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $11.69.

Several equities research analysts recently commented on the stock. B. Riley lifted their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Citizens Jmp lowered shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Benchmark boosted their price objective 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. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 target price on shares of Genius Sports in a research report on Tuesday. Finally, Citigroup upped their price target on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th.

Genius Sports Stock Performance

Shares of GENI opened at $9.29 on Wednesday. Genius Sports has a 52 week low of $4.91 and a 52 week high of $10.33. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of -29.03 and a beta of 2.15. The stock has a fifty day moving average of $8.97 and a 200-day moving average of $8.42.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GENI. Divisadero Street Capital Management LP grew its stake in Genius Sports by 32,386.5% during the fourth quarter. Divisadero Street Capital Management LP now owns 3,551,751 shares of the company’s stock worth $30,723,000 after purchasing an additional 3,540,818 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Genius Sports during the 4th quarter worth approximately $24,712,000. FMR LLC increased its stake in shares of Genius Sports by 53.2% in the 3rd quarter. FMR LLC now owns 7,219,874 shares of the company’s stock valued at $56,604,000 after acquiring an additional 2,507,165 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Genius Sports during the 4th quarter valued at $15,553,000. Finally, Capital Research Global Investors boosted its stake in Genius Sports by 14.2% during the fourth quarter. Capital Research Global Investors now owns 12,952,320 shares of the company’s stock worth $112,038,000 after acquiring an additional 1,610,078 shares in the last quarter. 81.91% of the stock is owned by institutional investors and hedge funds.

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.