Genius Sports Limited (NYSE:GENI) Receives $14.95 Consensus Price Target from Brokerages

Genius Sports Limited (NYSE:GENI) has earned a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, fourteen have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $14.9524.

A number of research firms have recently weighed in on GENI. Needham & Company LLC reissued a “buy” rating and set a $16.00 target price on shares of Genius Sports in a research report on Thursday, December 4th. Wells Fargo & Company upgraded Genius Sports from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $13.00 to $16.00 in a research note on Friday, January 9th. Benchmark reissued a “buy” rating and set a $16.00 price objective on shares of Genius Sports in a report on Tuesday, December 30th. Stifel Nicolaus assumed coverage on Genius Sports in a research note on Wednesday, January 21st. They issued a “hold” rating and a $10.00 target price on the stock. Finally, Citizens Jmp upped their price target on Genius Sports from $15.00 to $17.00 and gave the company a “market outperform” rating in a research report on Thursday, December 4th.

Genius Sports Trading Down 1.1%

GENI stock opened at $9.56 on Friday. The stock has a market cap of $2.06 billion, a P/E ratio of -20.34 and a beta of 1.81. The stock’s fifty day simple moving average is $10.34 and its two-hundred day simple moving average is $11.33. Genius Sports has a 1-year low of $8.15 and a 1-year high of $13.73.

Genius Sports (NYSE:GENI) last released its earnings results on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). The business had revenue of $166.28 million for the quarter, compared to the consensus estimate of $156.24 million. Genius Sports had a negative return on equity of 14.39% and a negative net margin of 19.71%. As a group, analysts forecast that Genius Sports will post -0.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Genius Sports

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. increased its stake in shares of Genius Sports by 79.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 360,620 shares of the company’s stock worth $3,974,000 after purchasing an additional 160,081 shares in the last quarter. FNY Investment Advisers LLC boosted its holdings in Genius Sports by 743.6% in the 4th quarter. FNY Investment Advisers LLC now owns 16,500 shares of the company’s stock worth $181,000 after buying an additional 14,544 shares during the period. Victory Financial Group LLC purchased a new position in Genius Sports in the 4th quarter valued at approximately $113,000. Allspring Global Investments Holdings LLC grew its stake in Genius Sports by 7.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,217,386 shares of the company’s stock valued at $34,683,000 after buying an additional 211,109 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Genius Sports by 56.9% during the 4th quarter. SG Americas Securities LLC now owns 68,823 shares of the company’s stock valued at $758,000 after acquiring an additional 24,946 shares during the period. Institutional investors own 81.91% of the company’s stock.

About Genius Sports

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.