Genius Sports (NYSE:GENI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Genius Sports (NYSE:GENI) from a strong sell rating to a sell rating in a report released on Saturday,Wall Street Zen reports.

A number of other analysts also recently weighed in on the stock. BTIG Research raised their price target on shares of Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Needham & Company LLC upped their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a report on Friday, August 7th. Stifel Nicolaus increased their price objective on shares of Genius Sports from $5.00 to $7.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Genius Sports in a report on Monday, May 11th. They set a “buy” rating and a $10.00 price objective for the company. Finally, Freedom Capital upgraded shares of Genius Sports to a “strong-buy” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.44.

Genius Sports Stock Up 0.3%

Shares of Genius Sports stock opened at $7.51 on Friday. Genius Sports has a 1-year low of $3.83 and a 1-year high of $13.73. The company has a market capitalization of $1.85 billion, a PE ratio of -11.04 and a beta of 1.88. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.97 and a quick ratio of 0.97. The business has a 50-day moving average of $7.18 and a 200-day moving average of $5.93.

Genius Sports (NYSE:GENI) last released its quarterly earnings results on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.21). Genius Sports had a negative return on equity of 23.83% and a negative net margin of 22.99%.The business had revenue of $195.50 million during the quarter, compared to analyst estimates of $184.43 million. During the same quarter last year, the firm posted ($0.21) EPS. The company’s revenue was up 64.7% compared to the same quarter last year. As a group, equities analysts forecast that Genius Sports will post -0.35 EPS for the current fiscal year.

Institutional Trading of Genius Sports

Several institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC bought a new position in shares of Genius Sports in the 1st quarter worth about $25,000. Baer Investment Advisory LLC bought a new stake in shares of Genius Sports during the 1st quarter valued at about $61,000. UMB Bank n.a. bought a new stake in shares of Genius Sports during the 4th quarter valued at about $63,000. Lexington Hill Partners LLC acquired a new stake in Genius Sports during the second quarter worth about $64,000. Finally, Pacer Advisors Inc. raised its stake in Genius Sports by 29.1% during the first quarter. Pacer Advisors Inc. now owns 15,270 shares of the company’s stock worth $68,000 after acquiring an additional 3,440 shares during the period. Institutional investors own 81.91% of the company’s stock.

About Genius Sports

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.