Genius Sports Limited (NYSE:GENI) Stock Has Average Price Target of $11.25 According to Brokerages

Genius Sports Limited (NYSE:GENI) has earned an average rating of “Moderate Buy” from the twenty research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $11.25.

A number of research firms have recently commented on GENI. Wells Fargo & Company downgraded Genius Sports from an “overweight” rating to an “equal weight” rating and set a $8.00 price objective on the stock. in a research note on Friday, August 7th. Freedom Capital raised Genius Sports to a “strong-buy” rating in a research note on Monday, July 20th. Citigroup reaffirmed a “market outperform” rating on shares of Genius Sports in a report on Thursday, October 8th. Roth Capital reiterated a “buy” rating and issued a $12.00 price target on shares of Genius Sports in a research report on Friday, August 7th. Finally, Stifel Nicolaus cut their price target on shares of Genius Sports from $8.50 to $7.00 and set a “hold” rating for the company in a report on Monday, October 26th.

Insiders Place Their Bets

In related news, insider Thomas Russell sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $6.51, for a total value of $325,500.00. Following the sale, the insider directly owned 471,467 shares in the company, valued at $3,069,250.17. This trade represents a 9.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark Locke sold 50,000 shares of the business’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $6.54, for a total transaction of $327,000.00. Following the completion of the transaction, the chief executive officer directly owned 19,375,216 shares of the company’s stock, valued at $126,713,912.64. This trade represents a 0.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 850,000 shares of company stock worth $5,582,049 over the last quarter. Company insiders own 16.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC purchased a new stake in Genius Sports during the 1st quarter valued at about $25,000. Signaturefd LLC increased its stake in Genius Sports by 45.9% in the 3rd quarter. Signaturefd LLC now owns 5,096 shares of the company’s stock worth $29,000 after purchasing an additional 1,602 shares during the period. Baer Investment Advisory LLC purchased a new position in Genius Sports in the 1st quarter worth approximately $61,000. State of Alaska Department of Revenue bought a new stake in Genius Sports in the third quarter valued at approximately $63,000. Finally, Lexington Hill Partners LLC bought a new stake in Genius Sports in the second quarter valued at approximately $64,000. Institutional investors own 81.91% of the company’s stock.

Genius Sports Trading Up 0.3%

Shares of GENI opened at $6.38 on Monday. The stock has a fifty day moving average of $6.67 and a two-hundred day moving average of $6.30. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $1.57 billion, a PE ratio of -9.38 and a beta of 1.95. Genius Sports has a fifty-two week low of $3.83 and a fifty-two week high of $11.57.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.21). The company had revenue of $195.50 million for the quarter, compared to analysts’ expectations of $184.43 million. Genius Sports had a negative return on equity of 23.83% and a negative net margin of 22.99%. The business’s revenue for the quarter was up 64.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.21) EPS. As a group, analysts forecast that Genius Sports will post -0.35 EPS for the current year.

About Genius Sports

Genius Sports Limited (NYSE: GENI) is a sports technology and data company that provides official sports data, technology, and digital media solutions. Its platform helps sports organizations collect, manage, and distribute live game data while supporting fan engagement and commercial activities.

The company supplies real-time data and related products to sportsbooks, media companies, sports leagues, teams, and brands. Its services include live statistics, betting data and trading solutions, streaming and video content, digital marketing, sponsorship activation, and tools designed to connect sports audiences with content and advertising.

Genius Sports serves customers across international sports markets, including North America, Europe, and other regions.