Genius Sports (NYSE:GENI) Earns Buy Rating from Needham & Company LLC

Genius Sports (NYSE:GENI)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $16.00 price target on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 44.14% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. UBS Group raised their price objective on shares of Genius Sports from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Arete Research raised shares of Genius Sports to a “strong-buy” rating in a research note on Wednesday, July 9th. B. Riley lifted their price target on shares of Genius Sports from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Genius Sports in a research note on Tuesday, October 14th. Finally, Arete started coverage on shares of Genius Sports in a research note on Wednesday, July 9th. They issued a “buy” rating and a $15.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.22.

Genius Sports Price Performance

Shares of NYSE GENI opened at $11.10 on Tuesday. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of -35.81 and a beta of 1.85. Genius Sports has a 12 month low of $6.72 and a 12 month high of $13.73. The firm’s 50 day simple moving average is $12.31 and its 200-day simple moving average is $11.24.

Genius Sports (NYSE:GENI) last issued its quarterly earnings data on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). Genius Sports had a negative return on equity of 11.48% and a negative net margin of 13.94%. Genius Sports has set its FY 2025 guidance at EPS. Analysts anticipate that Genius Sports will post -0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Genius Sports in the 1st quarter valued at $37,000. Pacer Advisors Inc. lifted its holdings in Genius Sports by 61.5% in the 1st quarter. Pacer Advisors Inc. now owns 3,754 shares of the company’s stock valued at $38,000 after purchasing an additional 1,430 shares in the last quarter. CWM LLC lifted its holdings in Genius Sports by 275.5% in the 2nd quarter. CWM LLC now owns 3,980 shares of the company’s stock valued at $41,000 after purchasing an additional 2,920 shares in the last quarter. Strs Ohio lifted its holdings in Genius Sports by 178.9% in the 3rd quarter. Strs Ohio now owns 5,300 shares of the company’s stock valued at $66,000 after purchasing an additional 3,400 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Genius Sports in the 2nd quarter valued at $75,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

About Genius Sports

Genius Sports Limited engages in the development and sale of 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.