Genius Sports Limited (NYSE:GENI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Genius Sports Limited (NYSE:GENI) have been assigned a consensus rating of “Moderate Buy” from the twenty analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $12.8421.

Several research firms have recently commented on GENI. New Street Research set a $17.00 price objective on Genius Sports in a research note on Thursday, December 4th. The Goldman Sachs Group boosted their price objective on Genius Sports from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. B. Riley Financial reissued a “buy” rating on shares of Genius Sports in a report on Friday, February 6th. BTIG Research decreased their target price on shares of Genius Sports from $16.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Finally, Northland Securities set a $12.00 price target on shares of Genius Sports in a report on Friday, February 6th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GENI. New York State Common Retirement Fund boosted its holdings in Genius Sports by 395.5% in the 3rd quarter. New York State Common Retirement Fund now owns 979,000 shares of the company’s stock worth $12,120,000 after buying an additional 781,411 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Genius Sports by 4.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,006,277 shares of the company’s stock valued at $36,316,000 after acquiring an additional 117,591 shares during the period. Stephens Investment Management Group LLC raised its holdings in Genius Sports by 341.6% during the third quarter. Stephens Investment Management Group LLC now owns 3,330,469 shares of the company’s stock valued at $41,231,000 after acquiring an additional 2,576,329 shares during the period. Peregrine Capital Management LLC purchased a new position in shares of Genius Sports in the third quarter valued at about $10,153,000. Finally, Nomura Holdings Inc. purchased a new position in shares of Genius Sports in the second quarter valued at about $5,200,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Genius Sports Price Performance

NYSE:GENI opened at $5.34 on Friday. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -12.41 and a beta of 1.91. Genius Sports has a one year low of $4.96 and a one year high of $13.73. The business has a fifty day moving average price of $7.68 and a 200-day moving average price of $10.10.

Genius Sports (NYSE:GENI) last released its earnings results on Wednesday, March 4th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.10). Genius Sports had a negative net margin of 16.67% and a negative return on equity of 13.66%. The company had revenue of $240.50 million for the quarter, compared to analysts’ expectations of $234.94 million. During the same quarter last year, the firm posted ($0.12) earnings per share. Genius Sports’s revenue for the quarter was up 37.0% on a year-over-year basis. On average, equities research analysts expect that Genius Sports will post -0.1 earnings per share for the current fiscal year.

Genius Sports Company Profile

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.