Genius Sports Limited (NYSE:GENI) Receives Average Recommendation of “Moderate Buy” from Analysts

Genius Sports Limited (NYSE:GENI) has been given an average rating of “Moderate Buy” by the twenty-one ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $14.0952.

A number of research firms have recently commented on GENI. Benchmark restated a “buy” rating on shares of Genius Sports in a report on Friday, February 6th. Oppenheimer cut their target price on Genius Sports from $15.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. BTIG Research reiterated a “buy” rating and set a $16.00 price objective on shares of Genius Sports in a report on Thursday, February 12th. Truist Financial set a $15.00 price objective on shares of Genius Sports in a research note on Monday, February 2nd. Finally, B. Riley Financial reiterated a “buy” rating on shares of Genius Sports in a report on Friday, February 6th.

Genius Sports Price Performance

Shares of NYSE GENI opened at $5.80 on Wednesday. The firm has a 50-day simple moving average of $9.48 and a two-hundred day simple moving average of $10.93. The company has a market cap of $1.25 billion, a P/E ratio of -12.34 and a beta of 1.85. Genius Sports has a 1 year low of $5.74 and a 1 year high of $13.73.

Institutional Trading of Genius Sports

Several institutional investors have recently bought and sold shares of the business. New York State Common Retirement Fund grew its holdings in shares of Genius Sports by 395.5% during the third quarter. New York State Common Retirement Fund now owns 979,000 shares of the company’s stock worth $12,120,000 after buying an additional 781,411 shares in the last quarter. Hodges Capital Management Inc. lifted its stake in shares of Genius Sports by 351.7% in the second quarter. Hodges Capital Management Inc. now owns 971,235 shares of the company’s stock worth $10,101,000 after buying an additional 756,235 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Genius Sports by 4.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,006,277 shares of the company’s stock worth $36,316,000 after acquiring an additional 117,591 shares during the last quarter. Stephens Investment Management Group LLC grew its stake in Genius Sports by 341.6% during the 3rd quarter. Stephens Investment Management Group LLC now owns 3,330,469 shares of the company’s stock valued at $41,231,000 after acquiring an additional 2,576,329 shares in the last quarter. Finally, Peregrine Capital Management LLC acquired a new stake in Genius Sports in the 3rd quarter valued at about $10,153,000. 81.91% of the stock is owned by institutional investors and hedge funds.

Genius Sports Company Profile

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.