Genius Sports (NYSE:GENI) Stock Price Expected to Rise, Benchmark Analyst Says

Genius Sports (NYSE:GENI) had its target price boosted by stock analysts at Benchmark from $11.00 to $12.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price target would indicate a potential upside of 26.12% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. JMP Securities reaffirmed a “market outperform” rating and issued a $11.00 target price on shares of Genius Sports in a report on Monday, January 27th. The Goldman Sachs Group upped their price objective on Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a research note on Thursday, November 14th. Citigroup lifted their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Needham & Company LLC restated a “buy” rating and issued a $12.00 price target on shares of Genius Sports in a research report on Tuesday. Finally, Macquarie lifted their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Genius Sports currently has an average rating of “Moderate Buy” and a consensus price target of $11.81.

Genius Sports Stock Performance

Shares of Genius Sports stock traded up $0.21 on Wednesday, reaching $9.52. 847,876 shares of the stock were exchanged, compared to its average volume of 2,443,633. The firm has a market cap of $2.05 billion, a PE ratio of -29.73 and a beta of 2.15. The firm’s 50 day moving average is $8.97 and its 200-day moving average is $8.42. Genius Sports has a one year low of $4.91 and a one year high of $10.33.

Genius Sports (NYSE:GENI) last issued its earnings results on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.16). Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The business had revenue of $175.53 million for the quarter, compared to analyst estimates of $175.52 million. During the same period in the previous year, the firm posted ($0.10) EPS. On average, equities research analysts expect that Genius Sports will post -0.1 EPS for the current fiscal year.

Institutional Trading of Genius Sports

A number of institutional investors have recently bought and sold shares of GENI. Emerald Mutual Fund Advisers Trust bought a new position in shares of Genius Sports in the 4th quarter worth about $58,000. Captrust Financial Advisors bought a new stake in Genius Sports in the third quarter worth approximately $84,000. Walleye Trading LLC lifted its stake in Genius Sports by 169.9% in the third quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock valued at $95,000 after buying an additional 29,555 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock worth $105,000 after buying an additional 3,429 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in shares of Genius Sports during the 4th quarter worth approximately $129,000. Institutional investors own 81.91% of the company’s stock.

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.