Brokerages Set Genius Sports Limited (NYSE:GENI) Target Price at $11.68

Genius Sports Limited (NYSE:GENI) has earned a consensus rating of “Moderate Buy” from the twenty brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, fourteen have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $11.6842.

A number of research analysts recently commented on GENI shares. Truist Financial decreased their price objective on Genius Sports from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Benchmark reiterated a “buy” rating on shares of Genius Sports in a report on Thursday, March 5th. Wall Street Zen cut Genius Sports from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Roth Mkm set a $10.00 price objective on Genius Sports in a report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Genius Sports in a report on Monday, May 11th. They issued a “buy” rating and a $10.00 price objective on the stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GENI. TimesSquare Capital Management LLC acquired a new position in Genius Sports during the fourth quarter worth $59,851,000. Senvest Management LLC lifted its stake in Genius Sports by 45.1% during the first quarter. Senvest Management LLC now owns 13,653,724 shares of the company’s stock worth $60,486,000 after purchasing an additional 4,243,157 shares in the last quarter. Invesco Ltd. lifted its stake in Genius Sports by 3,584.2% during the second quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock worth $34,233,000 after purchasing an additional 3,202,290 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in Genius Sports by 785.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 3,289,270 shares of the company’s stock worth $36,248,000 after purchasing an additional 2,917,830 shares in the last quarter. Finally, Voss Capital LP lifted its stake in Genius Sports by 35.4% during the fourth quarter. Voss Capital LP now owns 11,100,000 shares of the company’s stock worth $122,322,000 after purchasing an additional 2,900,000 shares in the last quarter. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports Stock Performance

GENI opened at $6.33 on Tuesday. Genius Sports has a one year low of $3.83 and a one year high of $13.73. The stock has a market capitalization of $1.56 billion, a PE ratio of -10.37 and a beta of 1.89. The business’s 50 day moving average price is $5.39 and its 200 day moving average price is $6.74.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). Genius Sports had a negative net margin of 22.26% and a negative return on equity of 20.34%. The business had revenue of $187.95 million during the quarter, compared to analyst estimates of $170.60 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s revenue was up 30.5% on a year-over-year basis. As a group, equities research analysts forecast that Genius Sports will post -0.12 earnings per share for the current fiscal year.

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.