Genius Sports Limited (NYSE:GENI) Receives $14.10 Average Target Price from Brokerages

Shares of Genius Sports Limited (NYSE:GENI) have received an average recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, fourteen have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $13.4762.

GENI has been the subject of several research reports. Oppenheimer decreased their price objective on shares of Genius Sports from $15.00 to $12.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. New Street Research set a $17.00 target price on shares of Genius Sports in a research report on Thursday, December 4th. BTIG Research reaffirmed a “buy” rating and issued a $16.00 price target on shares of Genius Sports in a report on Thursday, February 12th. Citizens Jmp increased their price target on Genius Sports from $15.00 to $17.00 and gave the stock a “market outperform” rating in a research report on Thursday, December 4th. Finally, Macquarie Infrastructure reissued an “outperform” rating and issued a $15.00 price objective on shares of Genius Sports in a report on Wednesday, November 5th.

Institutional Trading of Genius Sports

A number of hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in Genius Sports by 17.6% during the first quarter. Royal Bank of Canada now owns 44,339 shares of the company’s stock valued at $444,000 after buying an additional 6,623 shares during the period. CWM LLC boosted its stake in shares of Genius Sports by 275.5% during the 2nd quarter. CWM LLC now owns 3,980 shares of the company’s stock worth $41,000 after acquiring an additional 2,920 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Genius Sports during the 2nd quarter valued at about $75,000. Cookson Peirce & Co. Inc. increased its stake in shares of Genius Sports by 4.5% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 335,538 shares of the company’s stock valued at $3,490,000 after purchasing an additional 14,438 shares in the last quarter. Finally, Stephens Investment Management Group LLC acquired a new position in Genius Sports in the 2nd quarter worth about $7,843,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

Genius Sports Stock Down 4.4%

Genius Sports stock opened at $6.13 on Wednesday. The stock has a 50-day moving average price of $9.20 and a 200 day moving average price of $10.83. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -13.03 and a beta of 1.85. Genius Sports has a 52 week low of $5.70 and a 52 week high of $13.73.

Genius Sports Company Profile

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.