Genius Sports Limited (NYSE:GENI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Genius Sports Limited (NYSE:GENI) have received an average rating of “Moderate Buy” from the nineteen brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $11.50.

Several analysts have recently weighed in on GENI shares. Truist Financial cut their price objective on Genius Sports from $13.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Roth Capital set a $10.00 target price on Genius Sports in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Genius Sports in a research report on Monday, May 11th. They issued a “buy” rating and a $10.00 price target on the stock. Citigroup reduced their price objective on shares of Genius Sports from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Finally, BTIG Research lowered their price objective on shares of Genius Sports from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Senvest Management LLC increased its holdings in shares of Genius Sports by 45.1% in the first quarter. Senvest Management LLC now owns 13,653,724 shares of the company’s stock valued at $60,486,000 after buying an additional 4,243,157 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Genius Sports by 17.9% during the 3rd quarter. Wellington Management Group LLP now owns 13,513,537 shares of the company’s stock worth $167,298,000 after acquiring an additional 2,051,503 shares in the last quarter. Voss Capital LP boosted its stake in shares of Genius Sports by 35.4% during the 4th quarter. Voss Capital LP now owns 11,100,000 shares of the company’s stock worth $122,322,000 after acquiring an additional 2,900,000 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of Genius Sports by 35.1% in the 1st quarter. Stephens Investment Management Group LLC now owns 7,598,359 shares of the company’s stock worth $33,661,000 after acquiring an additional 1,974,043 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in shares of Genius Sports by 1.7% in the 4th quarter. Westfield Capital Management Co. LP now owns 5,951,203 shares of the company’s stock worth $65,582,000 after acquiring an additional 101,120 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Price Performance

Shares of NYSE:GENI opened at $6.31 on Friday. Genius Sports has a 12 month low of $3.83 and a 12 month high of $13.73. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -10.34 and a beta of 1.91. The stock’s 50 day moving average price is $5.91 and its 200 day moving average price is $6.33.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). Genius Sports had a negative net margin of 22.26% and a negative return on equity of 20.34%. The firm had revenue of $187.95 million for the quarter, compared to the consensus estimate of $170.60 million. During the same period in the previous year, the business posted ($0.03) earnings per share. The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. On average, sell-side analysts expect that Genius Sports will post -0.12 EPS for the current 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.