Genius Sports (NYSE:GENI) Sets New 12-Month High – Here’s Why

Genius Sports Limited (NYSE:GENI) hit a new 52-week high on Friday . The company traded as high as $10.37 and last traded at $10.36, with a volume of 3154750 shares trading hands. The stock had previously closed at $10.05.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GENI. B. Riley began coverage on Genius Sports in a report on Tuesday, March 18th. They issued a “buy” rating on the stock. Lake Street Capital boosted their target price on Genius Sports from $10.50 to $11.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Citizens Jmp lowered Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. The Goldman Sachs Group boosted their target price on Genius Sports from $11.00 to $12.50 and gave the company a “buy” rating in a report on Wednesday, March 5th. Finally, Craig Hallum set a $15.00 target price on Genius Sports in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.23.

Genius Sports Stock Up 3.1 %

The stock has a fifty day moving average of $9.17 and a two-hundred day moving average of $8.59. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of -32.38 and a beta of 2.14.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). The business had revenue of $175.53 million for the quarter, compared to analyst estimates of $175.52 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same period in the prior year, the company earned ($0.10) EPS. On average, research analysts expect that Genius Sports Limited will post -0.1 EPS for the current year.

Institutional Trading of Genius Sports

Large investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Genius Sports in the fourth quarter valued at $12,332,000. Perigon Wealth Management LLC acquired a new stake in Genius Sports in the fourth quarter valued at $136,000. D.A. Davidson & CO. grew its holdings in Genius Sports by 2.7% in the fourth quarter. D.A. Davidson & CO. now owns 53,608 shares of the company’s stock valued at $464,000 after purchasing an additional 1,396 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Genius Sports in the fourth quarter valued at $11,292,000. Finally, Senvest Management LLC lifted its position in shares of Genius Sports by 12.2% in the third quarter. Senvest Management LLC now owns 7,546,809 shares of the company’s stock valued at $59,167,000 after acquiring an additional 819,385 shares in the last quarter. Institutional investors and hedge funds 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.