Genius Sports stock hits 52-week high at $13.11

Genius Sports stock reached a 52-week high, touching $13.11, marking a notable milestone for the $3.11 billion market cap company. According to InvestingPro data, analysts maintain a strong buy consensus with price targets ranging from $11 to $16. Over the past year, the stock has experienced a significant increase, with a 1-year return of 68.36% and impressive YTD gains of 49.48%. This surge reflects growing investor confidence and interest in the company’s prospects, supported by robust revenue growth of 25.76%. The achievement of this 52-week high underscores the positive momentum Genius Sports has built, positioning it favorably within the market. InvestingPro analysis reveals 12 additional key insights about the company’s performance and outlook.

In other recent news, Genius Sports reported its second-quarter results, revealing a revenue of $120 million, which marks a 23% year-over-year increase and surpasses the consensus estimate of $118 million. The company’s adjusted EBITDA also showed significant growth, reaching $36 million and exceeding the consensus of $34 million, with margins expanding to 30%. Following these results, Benchmark raised its price target for Genius Sports to $14, maintaining a Buy rating, while Guggenheim increased its target to $16, also keeping a Buy rating.

Additionally, Genius Sports announced an extension of its partnership with the NFL through the 2030 Super Bowl, which includes data rights and streaming capabilities. This renewal provides the company with increased visibility into its cost structure for additional NFL seasons. Furthermore, Genius Sports has entered into a multi-year strategic partnership with PMG to enhance sports advertising technologies through its FANHub platform.

Truist Securities initiated coverage on Genius Sports with a Buy rating and a $14 price target, based on its estimated 2027 EBITDA. These developments indicate continued confidence from analysts and partners in the company’s growth trajectory.

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