Genius Sports (NYSE:GENI – Get Free Report)’s stock had its “overweight” rating restated by stock analysts at Cantor Fitzgerald in a note issued to investors on Monday, Benzinga reports. They presently have a $8.00 target price on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 18.69% from the company’s previous close.
A number of other brokerages also recently issued reports on GENI. Craig Hallum lowered their price objective on Genius Sports from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, November 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $9.00 price objective on shares of Genius Sports in a research note on Friday, January 19th. Benchmark reiterated a “buy” rating and set a $10.00 target price on shares of Genius Sports in a report on Tuesday, November 14th. Finally, Macquarie began coverage on shares of Genius Sports in a report on Thursday, December 21st. They issued an “outperform” rating and a $11.00 price objective for the company. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $9.46.
Genius Sports Price Performance
Shares of NYSE:GENI traded up $0.17 during trading on Monday, hitting $6.74. 624,695 shares of the company were exchanged, compared to its average volume of 2,028,996. The company has a market cap of $1.48 billion, a PE ratio of -7.80 and a beta of 2.02. The stock has a 50 day moving average of $6.48 and a 200 day moving average of $5.89. Genius Sports has a 52-week low of $3.55 and a 52-week high of $8.45.
Institutional Investors Weigh In On Genius Sports
Several institutional investors and hedge funds have recently made changes to their positions in GENI. Qube Research & Technologies Ltd bought a new stake in Genius Sports in the 3rd quarter worth approximately $28,000. Geneos Wealth Management Inc. bought a new stake in Genius Sports in the 3rd quarter worth approximately $29,000. Altshuler Shaham Ltd bought a new stake in Genius Sports in the 4th quarter worth approximately $35,000. United Capital Financial Advisers LLC bought a new stake in Genius Sports in the 4th quarter worth approximately $37,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Genius Sports in the 2nd quarter worth approximately $39,000. Institutional investors own 43.24% of the company’s stock.
Genius Sports Company Profile
Genius Sports Limited develops and sells 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.