Genius Sports (NYSE:GENI) Price Target Raised to $11.00

Genius Sports (NYSE:GENI) had its price objective upped by Benchmark from $10.00 to $11.00 in a report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Genius Sports from $7.50 to $8.50 and gave the company a “buy” rating in a report on Thursday, August 8th. Oppenheimer upped their price objective on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $9.00 target price on shares of Genius Sports in a report on Tuesday. Macquarie raised their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, B. Riley upped their price objective on shares of Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Genius Sports presently has a consensus rating of “Buy” and an average price target of $10.39.

Genius Sports Stock Down 3.0 %

Shares of NYSE GENI opened at $9.11 on Wednesday. Genius Sports has a 52 week low of $4.91 and a 52 week high of $10.15. The firm has a market cap of $2.09 billion, a P/E ratio of -28.47 and a beta of 1.98. The business’s 50 day moving average price is $7.66 and its 200 day moving average price is $6.58.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. The firm had revenue of $120.20 million for the quarter, compared to analyst estimates of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.06) earnings per share. As a group, research analysts expect that Genius Sports will post -0.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GENI. Koss Olinger Consulting LLC acquired a new stake in shares of Genius Sports in the second quarter valued at about $64,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Genius Sports during the 2nd quarter valued at about $67,000. Sound Income Strategies LLC acquired a new stake in Genius Sports in the 3rd quarter valued at about $78,000. Arkadios Wealth Advisors purchased a new position in Genius Sports in the 3rd quarter worth approximately $79,000. Finally, Captrust Financial Advisors acquired a new position in shares of Genius Sports during the 3rd quarter worth approximately $84,000. Hedge funds and other institutional investors 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.