Genius Sports (NYSE:GENI – Free Report) had its price objective increased by Lake Street Capital from $10.50 to $11.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.
Other analysts have also recently issued reports about the stock. Oppenheimer lifted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. B. Riley boosted their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 price target on shares of Genius Sports in a report on Tuesday. Citigroup lifted their price objective on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Citizens Jmp downgraded Genius Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.83.
Check Out Our Latest Stock Analysis on Genius Sports
Genius Sports Price Performance
Genius Sports (NYSE:GENI – Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.16). Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm had revenue of $175.53 million for the quarter, compared to analysts’ expectations of $175.52 million. During the same quarter in the previous year, the firm posted ($0.10) EPS. As a group, research analysts anticipate that Genius Sports will post -0.1 EPS for the current fiscal year.
Institutional Trading of Genius Sports
Institutional investors and hedge funds have recently made changes to their positions in the business. D.A. Davidson & CO. grew its stake in Genius Sports by 2.7% in the 4th quarter. D.A. Davidson & CO. now owns 53,608 shares of the company’s stock valued at $464,000 after acquiring an additional 1,396 shares during the period. ProShare Advisors LLC grew its position in shares of Genius Sports by 19.4% in the fourth quarter. ProShare Advisors LLC now owns 17,132 shares of the company’s stock valued at $148,000 after purchasing an additional 2,787 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Genius Sports by 39.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock worth $105,000 after purchasing an additional 3,429 shares in the last quarter. State of Wyoming raised its position in shares of Genius Sports by 8.3% during the 4th quarter. State of Wyoming now owns 45,630 shares of the company’s stock worth $395,000 after purchasing an additional 3,495 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Genius Sports by 27.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company’s stock valued at $143,000 after buying an additional 3,548 shares in the last quarter. 81.91% of the stock is currently owned by hedge funds and other institutional investors.
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.
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