Genius Sports (NYSE:GENI) Receives "Overweight" Rating from Cantor Fitzgerald
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…
From the Equity Insider archive. This article dates from Feb 26, 2024 and is preserved as first published.
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.
624,695 shares of the company were exchanged, compared to its average volume of 2,028,996.
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.
