Genius Sports (NYSE:GENI) Posts Earnings Results, Misses Expectations By $0.18 EPS

Genius Sports (NYSE:GENI) announced its quarterly earnings data on Tuesday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18), Zacks reports. Genius Sports had a negative return on equity of 11.48% and a negative net margin of 13.94%. Genius Sports updated its FY 2025 guidance to EPS.

Genius Sports Price Performance

NYSE GENI traded up $0.29 on Tuesday, reaching $11.36. The stock had a trading volume of 3,823,795 shares, compared to its average volume of 4,456,003. The firm has a fifty day moving average of $12.31 and a two-hundred day moving average of $11.24. Genius Sports has a 1-year low of $6.72 and a 1-year high of $13.73. The company has a market cap of $2.44 billion, a P/E ratio of -36.63 and a beta of 1.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GENI. Osaic Holdings Inc. grew its holdings in Genius Sports by 72.6% in the 2nd quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock valued at $111,000 after buying an additional 4,477 shares in the last quarter. Orion Porfolio Solutions LLC acquired a new position in Genius Sports in the 2nd quarter valued at $112,000. California State Teachers Retirement System acquired a new position in Genius Sports in the 2nd quarter valued at $144,000. Cetera Investment Advisers lifted its position in shares of Genius Sports by 10.0% during the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after acquiring an additional 1,388 shares during the period. Finally, Prudential Financial Inc. bought a new stake in shares of Genius Sports during the 2nd quarter valued at $266,000. 81.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GENI shares. Arete started coverage on Genius Sports in a research note on Wednesday, July 9th. They set a “buy” rating and a $15.00 price objective on the stock. Benchmark upped their price objective on Genius Sports from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Wall Street Zen lowered Genius Sports from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Citigroup reissued an “outperform” rating on shares of Genius Sports in a report on Wednesday, September 3rd. Finally, B. Riley boosted their target price on Genius Sports from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Genius Sports currently has an average rating of “Moderate Buy” and an average price target of $14.22.

Genius Sports Company Profile

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.