Genius Sports (NYSE:GENI) Rating Reiterated by Benchmark

Benchmark reaffirmed their buy rating on shares of Genius Sports (NYSE:GENI) in a research note released on Tuesday morning, Benzinga reports. They currently have a $10.00 price objective on the stock.

Other equities analysts have also recently issued research reports about the stock. B. Riley raised their target price on shares of Genius Sports from $9.00 to $10.00 and gave the stock a buy rating in a report on Wednesday, August 7th. Needham & Company LLC reaffirmed a buy rating and issued a $9.00 price objective on shares of Genius Sports in a research note on Tuesday, August 6th. Citigroup started coverage on shares of Genius Sports in a report on Thursday, June 13th. They set a buy rating and a $9.00 price target on the stock. Macquarie dropped their price objective on Genius Sports from $10.00 to $9.00 and set an outperform rating on the stock in a report on Thursday, July 18th. Finally, The Goldman Sachs Group lifted their target price on shares of Genius Sports from $7.50 to $8.50 and gave the company a buy rating in a research note on Thursday, August 8th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of Buy and an average price target of $9.45.

Genius Sports Stock Up 0.3 %

Shares of Genius Sports stock opened at $7.72 on Tuesday. Genius Sports has a fifty-two week low of $4.62 and a fifty-two week high of $8.15. The firm has a market cap of $1.77 billion, a PE ratio of -19.79 and a beta of 1.96. The business’s fifty day moving average is $6.87 and its two-hundred day moving average is $6.01.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). Genius Sports had a negative net margin of 21.93% and a negative return on equity of 15.30%. The firm had revenue of $95.50 million during the quarter, compared to analysts’ expectations of $94.15 million. During the same period in the previous year, the company earned ($0.05) earnings per share. The business’s quarterly revenue was up 9.9% on a year-over-year basis. Equities research analysts anticipate that Genius Sports will post -0.2 EPS for the current year.

Institutional Investors Weigh In On Genius Sports

A number of hedge funds and other institutional investors have recently modified their holdings of GENI. Koss Olinger Consulting LLC bought a new position in shares of Genius Sports in the second quarter worth $64,000. Vanguard Personalized Indexing Management LLC bought a new position in Genius Sports in the second quarter valued at about $67,000. Brown Advisory Inc. acquired a new stake in shares of Genius Sports during the fourth quarter valued at about $76,000. Virtu Financial LLC acquired a new stake in shares of Genius Sports during the first quarter valued at about $94,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Genius Sports by 42.4% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,953 shares of the company’s stock valued at $98,000 after purchasing an additional 5,342 shares in the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Company Profile

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.