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

Shares of Genius Sports Limited (NYSE:GENI) have earned an average rating of “Moderate Buy” from the twenty ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and three have issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $11.6842.

A number of equities research analysts recently weighed in on GENI shares. Northland Securities set a $12.00 target price on shares of Genius Sports in a research note on Friday, February 6th. BTIG Research lowered their target price on shares of Genius Sports from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Citigroup lowered their target price on shares of Genius Sports from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Benchmark reaffirmed a “buy” rating on shares of Genius Sports in a research note on Thursday, March 5th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Genius Sports in a research note on Friday, May 8th.

Genius Sports Trading Up 1.7%

Shares of Genius Sports stock opened at $5.61 on Friday. Genius Sports has a 12-month low of $3.83 and a 12-month high of $13.73. The company has a market cap of $1.38 billion, a price-to-earnings ratio of -9.19 and a beta of 1.80. The company’s 50-day moving average price is $4.59 and its 200-day moving average price is $7.31.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $170.60 million. During the same period in the previous year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. On average, sell-side analysts predict that Genius Sports will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On Genius Sports

A number of institutional investors and hedge funds have recently bought and sold shares of GENI. Parallel Advisors LLC purchased a new stake in Genius Sports in the first quarter valued at approximately $25,000. Baer Investment Advisory LLC purchased a new stake in Genius Sports in the first quarter valued at approximately $61,000. UMB Bank n.a. purchased a new stake in Genius Sports in the fourth quarter valued at approximately $63,000. Aster Capital Management DIFC Ltd purchased a new stake in Genius Sports in the third quarter valued at approximately $65,000. Finally, Strs Ohio raised its stake in Genius Sports by 178.9% in the third 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. 81.91% of the stock is owned by hedge funds and other institutional investors.

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.