Genius Sports Limited (NYSE:GENI) Given Average Recommendation of “Moderate Buy” by Brokerages

Genius Sports Limited (NYSE:GENI) has been given an average recommendation of “Moderate Buy” by the twenty-one research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, fourteen have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $14.9524.

Several equities research analysts recently issued reports on the stock. Guggenheim set a $17.00 price objective on shares of Genius Sports in a research report on Thursday, December 4th. Zacks Research upgraded shares of Genius Sports from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. New Street Research set a $17.00 price target on shares of Genius Sports in a research report on Thursday, December 4th. Benchmark reiterated a “buy” rating and issued a $16.00 price objective on shares of Genius Sports in a research report on Tuesday, December 30th. Finally, UBS Group set a $16.00 target price on Genius Sports in a research note on Monday, December 8th.

Institutional Trading of Genius Sports

Institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its position in Genius Sports by 275.5% in the second quarter. CWM LLC now owns 3,980 shares of the company’s stock valued at $41,000 after buying an additional 2,920 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Genius Sports in the 3rd quarter valued at approximately $65,000. Strs Ohio lifted its holdings in shares of Genius Sports by 178.9% in the 3rd quarter. Strs Ohio now owns 5,300 shares of the company’s stock worth $66,000 after acquiring an additional 3,400 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Genius Sports by 1,163.1% during the 3rd quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock worth $87,000 after purchasing an additional 6,455 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in Genius Sports in the 2nd quarter valued at approximately $75,000. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Genius Sports Stock Performance

NYSE GENI opened at $9.67 on Friday. The stock’s fifty day moving average is $10.34 and its two-hundred day moving average is $11.33. The firm has a market capitalization of $2.08 billion, a P/E ratio of -20.56 and a beta of 1.81. Genius Sports has a fifty-two week low of $8.15 and a fifty-two week high of $13.73.

Genius Sports (NYSE:GENI) last issued its earnings results on Tuesday, November 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). Genius Sports had a negative return on equity of 14.39% and a negative net margin of 19.71%.The company had revenue of $166.28 million during the quarter, compared to analyst estimates of $156.24 million. As a group, sell-side analysts forecast that Genius Sports will post -0.1 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.