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Genius Sports stock reached a notable milestone, hitting a 52-week high at $12.45, nearly doubling from its 52-week low of $6.37. This achievement reflects a significant upward trajectory for the company, with an impressive 81.41% return over the past year. According to InvestingPro data, the company maintains strong financial health with a current ratio of 2.36, indicating solid liquidity. The surge in stock price suggests growing investor confidence in Genius Sports, a $2.94 billion market cap company known for its data and technology services in the sports industry. This upward momentum comes amid broader market dynamics and impressive revenue growth of 25.76%. As Genius Sports continues to innovate and adapt, analysts maintain a bullish outlook with price targets ranging from $11 to $16. For deeper insights and additional analysis, check out the comprehensive Pro Research Report available on InvestingPro, which covers what really matters about this stock through expert analysis and intuitive visuals.
In other recent news, Genius Sports reported second-quarter results with revenue reaching $120 million, marking a 23% increase year-over-year and surpassing the consensus estimate of $118 million. The company’s adjusted EBITDA grew by 81% to $36 million, exceeding the $34 million consensus, with margins expanding significantly. Analysts from Guggenheim and Benchmark responded positively, raising their price targets to $16 and $14, respectively, while maintaining Buy ratings. Truist Securities also initiated coverage with a Buy rating and a $14 price target, basing its evaluation on future EBITDA projections. In a strategic move, Genius Sports extended its partnership with the NFL through the 2030 Super Bowl, securing data rights and exclusive advertising inventory. Additionally, the company announced a multi-year partnership with PMG to enhance sports advertising technologies via its FANHub platform. These developments reflect Genius Sports’ ongoing efforts to strengthen its position in the sports technology sector.
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