Genius Sports (NYSE:GENI) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Genius Sports (NYSE:GENI) in a research report report published on Tuesday morning, MarketBeat reports. The firm issued a buy rating and a $7.50 target price on the stock.

GENI has been the topic of a number of other reports. Cantor Fitzgerald reissued an overweight rating and set a $8.00 price target on shares of Genius Sports in a research note on Monday, February 26th. Macquarie assumed coverage on Genius Sports in a research note on Thursday, December 21st. They set an outperform rating and a $11.00 price target on the stock. Benchmark reissued a buy rating and set a $10.00 price target on shares of Genius Sports in a research note on Thursday, March 7th. Oppenheimer reaffirmed an outperform rating and issued a $10.00 price objective on shares of Genius Sports in a research note on Thursday, April 4th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $9.00 price objective on shares of Genius Sports in a research note on Wednesday, March 6th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of Buy and an average target price of $9.25.

Genius Sports Stock Down 0.7 %

Genius Sports stock opened at $5.12 on Tuesday. Genius Sports has a 12-month low of $3.55 and a 12-month high of $8.45. The business’s 50-day moving average price is $6.33 and its two-hundred day moving average price is $5.88. The stock has a market cap of $1.19 billion, a PE ratio of -12.79 and a beta of 1.97.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Wednesday, March 6th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.10). Genius Sports had a negative net margin of 20.71% and a negative return on equity of 12.67%. The firm had revenue of $127.20 million for the quarter, compared to analyst estimates of $126.53 million. During the same period in the previous year, the business posted ($0.18) earnings per share. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. As a group, analysts expect that Genius Sports will post -0.13 earnings per share for the current year.

Hedge Funds Weigh In On Genius Sports

Institutional investors have recently added to or reduced their stakes in the business. Voss Capital LLC acquired a new position in Genius Sports in the fourth quarter valued at approximately $3,244,000. Wellington Management Group LLP lifted its stake in Genius Sports by 2,189.3% in the third quarter. Wellington Management Group LLP now owns 1,504,922 shares of the company’s stock valued at $8,021,000 after buying an additional 1,439,184 shares during the period. ARK Investment Management LLC lifted its stake in Genius Sports by 9.9% in the fourth quarter. ARK Investment Management LLC now owns 6,914,013 shares of the company’s stock valued at $42,729,000 after buying an additional 620,472 shares during the period. Trexquant Investment LP acquired a new position in Genius Sports in the third quarter valued at approximately $1,366,000. Finally, Essex Investment Management Co. LLC acquired a new position in Genius Sports in the third quarter valued at approximately $1,093,000. 81.91% of the stock is owned by institutional investors and hedge funds.

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.