Analysts Set Genius Sports Limited (NYSE:GENI) Price Target at $14.75

Shares of Genius Sports Limited (NYSE:GENI) have received a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, fourteen have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $14.90.

GENI has been the topic of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $16.00 target price on shares of Genius Sports in a report on Thursday. The Goldman Sachs Group boosted their price objective on Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday. New Street Research set a $17.00 target price on Genius Sports in a research report on Thursday. Wells Fargo & Company raised their target price on Genius Sports from $10.00 to $13.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Zacks Research upgraded Genius Sports from a “strong sell” rating to a “hold” rating in a report on Thursday.

Genius Sports Stock Performance

Shares of NYSE:GENI opened at $10.83 on Friday. The stock has a 50-day simple moving average of $10.98 and a 200-day simple moving average of $11.18. The stock has a market capitalization of $2.33 billion, a P/E ratio of -23.04 and a beta of 1.94. Genius Sports has a 1 year low of $8.15 and a 1 year high of $13.73.

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

Hedge Funds Weigh In On Genius Sports

A number of institutional investors have recently added to or reduced their stakes in GENI. Quarry LP acquired a new stake in shares of Genius Sports during the first quarter valued at about $37,000. CWM LLC boosted its holdings in Genius Sports by 275.5% in the second quarter. CWM LLC now owns 3,980 shares of the company’s stock valued at $41,000 after purchasing an additional 2,920 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Genius Sports during the 3rd quarter valued at approximately $65,000. Strs Ohio increased its holdings in Genius Sports by 178.9% during the 3rd quarter. Strs Ohio now owns 5,300 shares of the company’s stock worth $66,000 after purchasing an additional 3,400 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Genius Sports in the 2nd quarter valued at approximately $75,000. Institutional investors and hedge funds own 81.91% of the company’s stock.

About Genius Sports

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.