BTIG Research Reaffirms “Buy” Rating for Genius Sports (NYSE:GENI)

Genius Sports (NYSE:GENI)‘s stock had its “buy” rating reaffirmed by stock analysts at BTIG Research in a note issued to investors on Thursday,Benzinga reports. They currently have a $16.00 price objective on the stock. BTIG Research’s target price indicates a potential upside of 176.10% from the company’s current price.

GENI has been the topic of a number of other research reports. Truist Financial set a $15.00 target price on Genius Sports in a report on Monday, February 2nd. The Goldman Sachs Group upped their price target on Genius Sports from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Guggenheim reduced their price objective on Genius Sports from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. B. Riley Financial reaffirmed a “buy” rating on shares of Genius Sports in a report on Friday, February 6th. Finally, New Street Research set a $17.00 target price on shares of Genius Sports in a research note on Thursday, December 4th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Genius Sports presently has an average rating of “Moderate Buy” and an average target price of $14.14.

Genius Sports Stock Performance

GENI opened at $5.80 on Thursday. The company has a market capitalization of $1.25 billion, a P/E ratio of -12.33 and a beta of 1.85. The company has a 50-day moving average of $9.67 and a 200-day moving average of $11.01. Genius Sports has a 1-year low of $5.76 and a 1-year high of $13.73.

Institutional Investors Weigh In On Genius Sports

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC grew its position in shares of Genius Sports by 9.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 14,131 shares of the company’s stock worth $175,000 after acquiring an additional 1,177 shares during the last quarter. Prelude Capital Management LLC lifted its position in Genius Sports by 1.3% in the 3rd quarter. Prelude Capital Management LLC now owns 92,529 shares of the company’s stock valued at $1,146,000 after purchasing an additional 1,181 shares during the last quarter. Cetera Investment Advisers boosted its stake in Genius Sports by 10.0% during the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after purchasing an additional 1,388 shares during the period. SkyView Investment Advisors LLC boosted its stake in Genius Sports by 2.0% during the 2nd quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock valued at $802,000 after purchasing an additional 1,512 shares during the period. Finally, Main Management ETF Advisors LLC grew its position in Genius Sports by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 163,647 shares of the company’s stock worth $1,803,000 after purchasing an additional 1,672 shares during the last quarter. 81.91% of the stock is currently owned by institutional investors.

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.