Brokerages Set Genius Sports Limited (NYSE:GENI) PT at $14.22

Genius Sports Limited (NYSE:GENI) has been given an average rating of “Moderate Buy” by the twenty-one analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $14.2222.

A number of equities analysts have issued reports on GENI shares. JMP Securities lifted their target price on shares of Genius Sports from $13.00 to $15.00 and gave the stock a “market outperform” rating in a research report on Wednesday, September 3rd. Roth Capital initiated coverage on shares of Genius Sports in a research note on Friday, September 12th. They set a “buy” rating and a $16.00 price objective for the company. Benchmark upped their target price on Genius Sports from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Guggenheim set a $16.00 price target on Genius Sports and gave the stock a “buy” rating in a research report on Thursday, August 7th. Finally, Citigroup reissued an “outperform” rating on shares of Genius Sports in a report on Wednesday, September 3rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in shares of Genius Sports by 25.4% during the first quarter. Wellington Management Group LLP now owns 10,244,434 shares of the company’s stock worth $102,547,000 after buying an additional 2,076,590 shares in the last quarter. Voss Capital LP lifted its stake in shares of Genius Sports by 17.0% during the first quarter. Voss Capital LP now owns 9,269,519 shares of the company’s stock valued at $92,788,000 after buying an additional 1,346,087 shares during the period. Cooper Creek Partners Management LLC boosted its position in Genius Sports by 9.6% during the second quarter. Cooper Creek Partners Management LLC now owns 9,191,865 shares of the company’s stock worth $95,595,000 after acquiring an additional 806,233 shares during the last quarter. Senvest Management LLC grew its stake in Genius Sports by 1.4% in the 2nd quarter. Senvest Management LLC now owns 7,813,156 shares of the company’s stock worth $81,257,000 after acquiring an additional 107,083 shares during the period. Finally, Hood River Capital Management LLC raised its holdings in Genius Sports by 3.3% in the 2nd quarter. Hood River Capital Management LLC now owns 6,811,333 shares of the company’s stock valued at $70,838,000 after acquiring an additional 215,384 shares during the last quarter. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Genius Sports Stock Performance

Shares of GENI stock opened at $11.82 on Thursday. The stock has a fifty day moving average price of $12.50 and a 200 day moving average price of $11.09. The stock has a market cap of $2.54 billion, a PE ratio of -38.11 and a beta of 1.85. Genius Sports has a 1 year low of $6.72 and a 1 year high of $13.73.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17). The firm had revenue of $118.72 million during the quarter, compared to analysts’ expectations of $118.28 million. Genius Sports had a negative net margin of 13.94% and a negative return on equity of 11.48%. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.09) EPS. As a group, equities research analysts predict that Genius Sports will post -0.1 earnings per share for the current year.

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.