Analysts Set Genius Sports Limited (NYSE:GENI) Price Target at $15.05

Genius Sports Limited (NYSE:GENI) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-one ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $15.05.

GENI has been the subject of several research analyst reports. Macquarie reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Genius Sports in a research report on Wednesday, November 5th. New Street Research set a $17.00 price target on shares of Genius Sports in a research note on Thursday, December 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Genius Sports in a research note on Monday, December 29th. Wells Fargo & Company upped their target price on Genius Sports from $10.00 to $13.00 and gave the company an “equal weight” rating in a research report on Friday, December 5th. Finally, The Goldman Sachs Group lifted their price target on Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th.

Genius Sports Trading Down 2.2%

Shares of GENI opened at $10.78 on Tuesday. The firm has a market cap of $2.32 billion, a PE ratio of -22.93 and a beta of 1.81. Genius Sports has a 12 month low of $8.15 and a 12 month high of $13.73. The stock has a fifty day moving average price of $10.53 and a 200-day moving average price of $11.32.

Genius Sports (NYSE:GENI) last announced its earnings results on Tuesday, November 4th. The company reported ($0.11) earnings per share (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 for the quarter, compared to analyst estimates of $156.24 million. As a group, research analysts forecast that Genius Sports will post -0.1 EPS for the current year.

Hedge Funds Weigh In On Genius Sports

Several hedge funds and other institutional investors have recently bought and sold shares of GENI. Quarry LP purchased a new position in Genius Sports during the 1st quarter worth approximately $37,000. CWM LLC increased its stake in shares of Genius Sports by 275.5% in 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 period. Aster Capital Management DIFC Ltd purchased a new position in shares of Genius Sports during the third quarter worth $65,000. Strs Ohio lifted its position in 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 during the period. Finally, FNY Investment Advisers LLC acquired a new position in Genius Sports during the second quarter valued at $75,000. Institutional investors and hedge funds own 81.91% of the company’s stock.

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.