Genius Sports (NYSE:GENI) Reaches New 1-Year High – What’s Next?

Genius Sports Limited (NYSE:GENI)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $10.17 and last traded at $10.17, with a volume of 4043 shares trading hands. The stock had previously closed at $10.04.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GENI shares. Citigroup upped their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 price objective on shares of Genius Sports in a research report on Tuesday, November 12th. The Goldman Sachs Group boosted their target price on Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. B. Riley raised their price target on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Benchmark upped their price objective on shares of Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $10.72.

Genius Sports Price Performance

The firm has a market cap of $2.33 billion, a PE ratio of -31.38 and a beta of 1.98. The company has a 50 day simple moving average of $8.00 and a 200-day simple moving average of $6.88.

Genius Sports (NYSE:GENI) last released its earnings results on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06. The company had revenue of $120.20 million for the quarter, compared to analyst estimates of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.06) EPS. On average, sell-side analysts predict that Genius Sports Limited will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Genius Sports

Large investors have recently bought and sold shares of the stock. Koss Olinger Consulting LLC purchased a new position in shares of Genius Sports in the second quarter worth $64,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Genius Sports in the second quarter valued at about $67,000. Sound Income Strategies LLC bought a new position in shares of Genius Sports during the third quarter valued at about $78,000. Arkadios Wealth Advisors purchased a new stake in shares of Genius Sports during the third quarter worth about $79,000. Finally, Captrust Financial Advisors bought a new stake in shares of Genius Sports in the third quarter worth about $84,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

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.