Analysts Set Genius Sports Limited (NYSE:GENI) Target Price at $14.10

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

A number of equities analysts have weighed in on GENI shares. Macquarie Infrastructure reiterated an “outperform” rating and issued a $15.00 price target on shares of Genius Sports in a research report on Wednesday, November 5th. The Goldman Sachs Group lifted their target price on shares of Genius Sports from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Citigroup reiterated an “outperform” rating on shares of Genius Sports in a research note on Monday, February 9th. Needham & Company LLC restated a “buy” rating and issued a $16.00 price objective on shares of Genius Sports in a research report on Thursday, December 4th. Finally, Oppenheimer dropped their price objective on Genius Sports from $15.00 to $12.00 and set an “outperform” rating for the company in a research note on Friday, February 6th.

Institutional Investors Weigh In On Genius Sports

Several institutional investors and hedge funds have recently modified their holdings of GENI. CWM LLC boosted its position in shares of Genius Sports by 275.5% during the second quarter. CWM LLC now owns 3,980 shares of the company’s stock worth $41,000 after acquiring an additional 2,920 shares during the last quarter. UMB Bank n.a. purchased a new stake in Genius Sports in the 4th quarter worth $63,000. Aster Capital Management DIFC Ltd bought a new position in shares of Genius Sports during the 3rd quarter valued at about $65,000. Strs Ohio grew its position in shares of Genius Sports by 178.9% during the third quarter. Strs Ohio now owns 5,300 shares of the company’s stock valued at $66,000 after purchasing an additional 3,400 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Genius Sports in the second quarter worth about $75,000. Institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Down 4.4%

GENI stock opened at $6.13 on Wednesday. The business’s 50-day moving average price is $9.20 and its 200-day moving average price is $10.81. The stock has a market cap of $1.32 billion, a P/E ratio of -13.03 and a beta of 1.85. Genius Sports has a twelve month low of $5.70 and a twelve month high of $13.73.

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.