Genius Sports (NYSE:GENI) Price Target Raised to $11.00 at Benchmark

Genius Sports (NYSE:GENI) had its price objective upped by Benchmark from $10.00 to $11.00 in a research report released on Wednesday,Benzinga reports. Benchmark currently has a buy rating on the stock.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group boosted their price objective on Genius Sports from $7.50 to $8.50 and gave the company a “buy” rating in a research report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 price target on shares of Genius Sports in a report on Tuesday. Macquarie boosted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday. B. Riley increased their target price on Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Oppenheimer lifted their price target on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Genius Sports presently has an average rating of “Buy” and an average price target of $10.25.

Genius Sports Stock Performance

Shares of NYSE:GENI opened at $9.59 on Wednesday. The company has a 50 day moving average price of $7.58 and a two-hundred day moving average price of $6.54. The company has a market capitalization of $2.20 billion, a PE ratio of -29.97 and a beta of 1.98. Genius Sports has a 52 week low of $4.90 and a 52 week high of $10.15.

Genius Sports (NYSE:GENI) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.06. Genius Sports had a negative return on equity of 14.09% and a negative net margin of 15.84%. The business had revenue of $120.20 million for the quarter, compared to the consensus estimate of $118.94 million. During the same quarter last year, the business posted ($0.06) EPS. The firm’s revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts forecast that Genius Sports will post -0.2 earnings per share for the current year.

Institutional Investors Weigh In On Genius Sports

Several large investors have recently made changes to their positions in the stock. Koss Olinger Consulting LLC acquired a new stake in Genius Sports in the second quarter valued at $64,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Genius Sports in the 2nd quarter valued at about $67,000. Sound Income Strategies LLC bought a new position in Genius Sports during the third quarter worth about $78,000. Arkadios Wealth Advisors acquired a new position in Genius Sports during the third quarter worth approximately $79,000. Finally, Virtu Financial LLC bought a new stake in Genius Sports in the first quarter valued at approximately $94,000. Institutional investors and hedge funds 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.