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

Shares of Genius Sports Limited (NYSE:GENI) have earned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, fourteen have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $11.6842.

Several research firms have recently weighed in on GENI. Benchmark reaffirmed a “buy” rating on shares of Genius Sports in a research note on Thursday, March 5th. UBS Group reissued a “buy” rating on shares of Genius Sports in a research note on Wednesday, March 4th. Wells Fargo & Company reduced their price objective on shares of Genius Sports from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. Citigroup reduced their price objective on shares of Genius Sports from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, Needham & Company LLC reduced their price objective on shares of Genius Sports from $14.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, May 8th.

Genius Sports Price Performance

Shares of NYSE GENI opened at $5.94 on Tuesday. The firm has a 50-day simple moving average of $5.24 and a two-hundred day simple moving average of $6.92. Genius Sports has a 1 year low of $3.83 and a 1 year high of $13.73. The company has a market cap of $1.46 billion, a P/E ratio of -9.73 and a beta of 1.89.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.12). Genius Sports had a negative net margin of 22.26% and a negative return on equity of 20.34%. The company had revenue of $187.95 million for the quarter, compared to the consensus estimate of $170.60 million. During the same period in the prior year, the firm posted ($0.03) EPS. The business’s revenue was up 30.5% on a year-over-year basis. As a group, equities research analysts expect that Genius Sports will post -0.12 EPS for the current year.

Hedge Funds Weigh In On Genius Sports

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of Genius Sports by 79.5% during the third quarter. JPMorgan Chase & Co. now owns 1,293,172 shares of the company’s stock worth $16,009,000 after purchasing an additional 572,607 shares in the last quarter. Penn Capital Management Company LLC increased its position in shares of Genius Sports by 2,593.7% during the third quarter. Penn Capital Management Company LLC now owns 1,219,711 shares of the company’s stock worth $15,116,000 after purchasing an additional 1,174,431 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Genius Sports during the fourth quarter worth $2,840,000. UBS Group AG increased its position in shares of Genius Sports by 45.1% during the fourth quarter. UBS Group AG now owns 3,974,964 shares of the company’s stock worth $43,804,000 after purchasing an additional 1,235,352 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its position in shares of Genius Sports by 82.7% during the third quarter. Westfield Capital Management Co. LP now owns 5,850,083 shares of the company’s stock worth $72,424,000 after purchasing an additional 2,647,948 shares in the last quarter. 81.91% of the stock is owned by institutional investors and hedge funds.

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.