Genius Sports (NYSE:GENI) Given New $12.00 Price Target at Benchmark

Genius Sports (NYSE:GENI) had its price objective raised by Benchmark from $11.00 to $12.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently weighed in on the stock. JMP Securities reissued a “market outperform” rating and set a $11.00 target price on shares of Genius Sports in a research note on Monday, January 27th. B. Riley lifted their price target on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Citigroup increased their price objective on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Macquarie lifted their target price on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Oppenheimer increased their price target on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Genius Sports has an average rating of “Moderate Buy” and a consensus target price of $11.83.

Genius Sports Stock Performance

NYSE GENI opened at $9.73 on Wednesday. The company has a 50-day simple moving average of $8.99 and a 200-day simple moving average of $8.43. Genius Sports has a one year low of $4.91 and a one year high of $10.33. The firm has a market capitalization of $2.09 billion, a PE ratio of -30.39 and a beta of 2.15.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Olympiad Research LP acquired a new stake in Genius Sports in the 3rd quarter valued at about $209,000. GSA Capital Partners LLP bought a new stake in shares of Genius Sports in the 3rd quarter worth approximately $532,000. Moors & Cabot Inc. acquired a new stake in Genius Sports during the third quarter valued at approximately $265,000. Massachusetts Financial Services Co. MA boosted its holdings in Genius Sports by 10.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,520,342 shares of the company’s stock worth $58,959,000 after buying an additional 691,539 shares in the last quarter. Finally, Senvest Management LLC grew its position in Genius Sports by 12.2% in the third quarter. Senvest Management LLC now owns 7,546,809 shares of the company’s stock worth $59,167,000 after buying an additional 819,385 shares during 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.