Genius Sports’ (GENI) Buy Rating Reiterated at BTIG Research

BTIG Research reiterated their buy rating on shares of Genius Sports (NYSE:GENI) in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a $16.00 price objective on the stock.

Other research analysts have also issued research reports about the stock. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price target on shares of Genius Sports in a research report on Thursday, December 4th. Macquarie Infrastructure reissued an “outperform” rating and issued a $15.00 target price on shares of Genius Sports in a report on Wednesday, November 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Genius Sports in a research report on Monday, December 29th. Stifel Nicolaus began coverage on Genius Sports in a research report on Wednesday, January 21st. They issued a “hold” rating and a $10.00 price target on the stock. Finally, Oppenheimer cut their price objective on Genius Sports from $15.00 to $12.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.14.

Genius Sports Price Performance

GENI opened at $5.80 on Thursday. The company has a market capitalization of $1.25 billion, a P/E ratio of -12.33 and a beta of 1.85. The firm’s fifty day moving average price is $9.67 and its two-hundred day moving average price is $11.02. Genius Sports has a fifty-two week low of $5.76 and a fifty-two week high of $13.73.

Institutional Trading of Genius Sports

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its position in Genius Sports by 17.6% in the 1st quarter. Royal Bank of Canada now owns 44,339 shares of the company’s stock worth $444,000 after purchasing an additional 6,623 shares during the last quarter. CWM LLC lifted its stake in shares of Genius Sports by 275.5% during the second quarter. CWM LLC now owns 3,980 shares of the company’s stock valued at $41,000 after acquiring an additional 2,920 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Genius Sports by 33.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,888,686 shares of the company’s stock valued at $29,176,000 after acquiring an additional 726,843 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Genius Sports in the second quarter worth about $75,000. Finally, Cookson Peirce & Co. Inc. raised its holdings in Genius Sports by 4.5% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 335,538 shares of the company’s stock worth $3,490,000 after purchasing an additional 14,438 shares during the last quarter. 81.91% of the stock is owned by institutional investors.

About Genius Sports

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.