Genius Sports (NYSE:GENI) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Investment analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genius Sports (NYSE:GENI) in a research note issued on Monday. The firm set a “buy” rating and a $10.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 134.08% from the stock’s current price.

A number of other equities research analysts have also recently commented on GENI. Wall Street Zen cut shares of Genius Sports from a “sell” rating to a “strong sell” rating in a research report on Sunday. Benchmark reiterated a “buy” rating on shares of Genius Sports in a report on Thursday, March 5th. Wells Fargo & Company dropped their target price on Genius Sports from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. B. Riley Financial reaffirmed a “buy” rating on shares of Genius Sports in a research report on Friday. Finally, Needham & Company LLC lowered their price target on Genius Sports from $14.00 to $10.00 and set a “buy” rating for the company in a report on Friday. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $11.68.

Genius Sports Price Performance

Shares of NYSE:GENI traded down $0.13 during trading on Monday, reaching $4.27. 190,367 shares of the company were exchanged, compared to its average volume of 6,155,093. Genius Sports has a 12-month low of $3.83 and a 12-month high of $13.73. The firm has a market capitalization of $1.05 billion, a PE ratio of -7.02 and a beta of 1.80. The business’s fifty day simple moving average is $4.83 and its 200-day simple moving average is $8.00.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.12). Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.The firm had revenue of $187.95 million for the quarter, compared to analysts’ expectations of $170.60 million. During the same quarter in the previous year, the business earned ($0.03) earnings per share. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year.

Institutional Investors Weigh In On Genius Sports

A number of institutional investors and hedge funds have recently modified their holdings of GENI. Parallel Advisors LLC acquired a new position in Genius Sports in the 1st quarter worth approximately $25,000. Baer Investment Advisory LLC purchased a new stake in shares of Genius Sports in the 1st quarter valued at $61,000. UMB Bank n.a. acquired a new stake in shares of Genius Sports in the fourth quarter worth $63,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Genius Sports in the third quarter worth $65,000. Finally, Strs Ohio raised its holdings in shares of Genius Sports by 178.9% during the third quarter. Strs Ohio now owns 5,300 shares of the company’s stock worth $66,000 after purchasing an additional 3,400 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

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.