Genius Sports Limited (NYSE:GENI) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Genius Sports Limited (NYSE:GENI) have received a consensus rating of “Moderate Buy” from the twenty-one brokerages that are presently covering the stock, 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 given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $13.4762.

GENI has been the topic of a number of analyst reports. Northland Securities set a $12.00 price target on Genius Sports in a research note on Friday, February 6th. B. Riley Financial reissued a “buy” rating on shares of Genius Sports in a research report on Friday, February 6th. The Goldman Sachs Group upped their price target on shares of Genius Sports from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price objective on shares of Genius Sports in a research report on Thursday, December 4th. Finally, Oppenheimer decreased their target price on Genius Sports from $15.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday, February 6th.

Hedge Funds Weigh In On Genius Sports

A number of large investors have recently made changes to their positions in the business. CWM LLC grew its position in Genius Sports by 275.5% during 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 in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Genius Sports during the third quarter valued at $65,000. Strs Ohio increased its position in Genius Sports by 178.9% in 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. UMB Bank n.a. purchased a new stake in shares of Genius Sports during the 4th quarter worth about $63,000. Finally, Bessemer Group Inc. raised its stake in shares of Genius Sports by 1,163.1% during the 3rd quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock worth $87,000 after purchasing an additional 6,455 shares in the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Stock Up 1.8%

Shares of NYSE GENI opened at $5.83 on Wednesday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -12.41 and a beta of 1.85. The stock’s fifty day simple moving average is $9.01 and its 200 day simple moving average is $10.72. Genius Sports has a 52-week low of $5.68 and a 52-week 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.