Genius Sports (NYSE:GENI) Reaches New 1-Year High – Still a Buy?

Genius Sports Limited (NYSE:GENI)’s share price reached a new 52-week high on Friday . The stock 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. B. Riley started coverage on shares of Genius Sports in a report on Tuesday. They set a “buy” rating on the stock. The Goldman Sachs Group increased their price objective on Genius Sports from $11.00 to $12.50 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Needham & Company LLC set a $13.00 target price on shares of Genius Sports in a research note on Wednesday, March 5th. Guggenheim began coverage on shares of Genius Sports in a research report on Tuesday. They set a “buy” rating and a $12.00 target price on the stock. Finally, Craig Hallum set a $15.00 price target on Genius Sports in a research report on Tuesday, March 4th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.23.

Genius Sports Stock Up 3.6 %

The stock’s 50-day moving average is $9.14 and its 200-day moving average is $8.56. The firm has a market cap of $2.24 billion, a P/E ratio of -32.49 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) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The company had revenue of $175.53 million for the quarter, compared to analyst estimates of $175.52 million. During the same period in the prior year, the company posted ($0.10) EPS. As a group, analysts expect that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Institutional Trading of Genius Sports

Institutional investors have recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust bought a new position in Genius Sports in the fourth quarter worth $58,000. Captrust Financial Advisors bought a new position in shares of Genius Sports during the 3rd quarter worth about $84,000. Walleye Trading LLC boosted its position in shares of Genius Sports by 169.9% during the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock valued at $95,000 after acquiring an additional 29,555 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Genius Sports by 39.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock valued at $105,000 after acquiring an additional 3,429 shares during the period. Finally, Bayesian Capital Management LP acquired a new position in Genius Sports in the fourth quarter worth about $129,000. 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.