Genius Sports Limited (NYSE:GENI) Given Average Recommendation of “Buy” by Analysts

Genius Sports Limited (NYSE:GENI) has been assigned a consensus recommendation of “Buy” from the nine research firms that are covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have covered the stock in the last year is $10.72.

GENI has been the subject of a number of recent research reports. Benchmark boosted their price objective on shares of Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group boosted their target price on shares of Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a research note on Thursday, November 14th. Oppenheimer boosted their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. B. Riley boosted their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 price target on shares of Genius Sports in a research note on Tuesday, November 12th.

Institutional Trading of Genius Sports

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in Genius Sports by 2.9% during the third quarter. Wellington Management Group LLP now owns 8,292,521 shares of the company’s stock valued at $65,013,000 after purchasing an additional 230,209 shares during the last quarter. Senvest Management LLC raised its holdings in shares of Genius Sports by 12.2% during 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 during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of 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 valued at $58,959,000 after acquiring an additional 691,539 shares during the period. FMR LLC raised its holdings in shares of Genius Sports by 53.2% during the third 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 during the period. Finally, Portolan Capital Management LLC raised its holdings in shares of Genius Sports by 9.4% during the third quarter. Portolan Capital Management LLC now owns 3,170,891 shares of the company’s stock valued at $24,860,000 after acquiring an additional 272,545 shares during the period. 81.91% of the stock is owned by institutional investors and hedge funds.

Genius Sports Stock Up 2.9 %

Shares of NYSE:GENI opened at $10.06 on Monday. Genius Sports has a fifty-two week low of $4.91 and a fifty-two week high of $10.15. The firm has a 50-day simple moving average of $7.95 and a 200 day simple moving average of $6.84. The company has a market cap of $2.31 billion, a PE ratio of -31.38 and a beta of 1.98.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The business had revenue of $120.20 million during the quarter, compared to the consensus estimate of $118.94 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, research analysts forecast that Genius Sports will post -0.16 EPS for the current fiscal year.

About Genius Sports

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.