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

Genius Sports Limited (NYSE:GENI) has been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $30.50.

A number of research firms have issued reports on GENI. B. Riley assumed coverage on Genius Sports in a research note on Friday, September 10th. They issued a “buy” rating for the company. Oppenheimer reaffirmed a “buy” rating and set a $32.00 price objective on shares of Genius Sports in a research report on Monday, June 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price objective on shares of Genius Sports in a research report on Wednesday, September 8th. The Goldman Sachs Group reduced their price objective on Genius Sports from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, July 28th. Finally, Benchmark upped their target price on Genius Sports from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, May 21st.

Shares of GENI stock traded up $0.11 on Friday, reaching $19.91. 11,738 shares of the stock were exchanged, compared to its average volume of 1,519,796. Genius Sports has a one year low of $14.44 and a one year high of $25.18. The firm’s 50 day moving average price is $18.16.

Genius Sports (NYSE:GENI) last released its earnings results on Tuesday, September 7th. The company reported ($3.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.91) by ($2.17). The firm had revenue of $55.90 million during the quarter, compared to the consensus estimate of $53.75 million. The firm’s quarterly revenue was up 108.6% on a year-over-year basis. On average, analysts predict that Genius Sports will post -0.45 EPS for the current year.

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new stake in shares of Genius Sports in the 2nd quarter valued at $132,000. Penserra Capital Management LLC acquired a new stake in shares of Genius Sports in the 2nd quarter valued at $151,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Genius Sports in the 2nd quarter valued at $191,000. Banque Cantonale Vaudoise bought a new position in shares of Genius Sports in the 2nd quarter valued at $208,000. Finally, Stifel Financial Corp bought a new position in Genius Sports during the 2nd quarter worth $242,000. 43.00% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports Company Profile

Genius Sports Limited develops and sells 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 of 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 full suite of online and offline educational and consultancy services.

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Analyst Recommendations for Genius Sports (NYSE:GENI)

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