Genius Sports Limited (NYSE:GENI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Genius Sports Limited (NYSE:GENI) have earned an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $12.23.

GENI has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their target price on Genius Sports from $11.00 to $12.50 and gave the company a “buy” rating in a research report on Wednesday, March 5th. JMP Securities reiterated a “market outperform” rating and issued a $11.00 target price on shares of Genius Sports in a research report on Monday, January 27th. Craig Hallum set a $15.00 target price on shares of Genius Sports in a research note on Tuesday, March 4th. B. Riley initiated coverage on shares of Genius Sports in a research note on Tuesday, March 18th. They issued a “buy” rating on the stock. Finally, Lake Street Capital boosted their price objective on Genius Sports from $10.50 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in Genius Sports during the fourth quarter worth about $12,332,000. Perigon Wealth Management LLC acquired a new position in Genius Sports in the fourth quarter valued at approximately $136,000. D.A. Davidson & CO. grew its position in Genius Sports by 2.7% in the fourth quarter. D.A. Davidson & CO. now owns 53,608 shares of the company’s stock worth $464,000 after acquiring an additional 1,396 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Genius Sports during the fourth quarter worth $11,292,000. Finally, JPMorgan Chase & Co. raised its position in Genius Sports by 2,765,692.0% in the third quarter. JPMorgan Chase & Co. now owns 691,448 shares of the company’s stock valued at $5,421,000 after purchasing an additional 691,423 shares during the period. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Down 6.4 %

Shares of NYSE:GENI opened at $10.15 on Friday. Genius Sports has a 52-week low of $4.91 and a 52-week high of $11.16. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of -31.70 and a beta of 2.14. The business has a 50-day moving average price of $9.36 and a 200-day moving average price of $8.71.

Genius Sports (NYSE:GENI) last posted its earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.16). The firm had revenue of $175.53 million for the quarter, compared to analysts’ expectations of $175.52 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same period in the previous year, the company earned ($0.10) earnings per share. As a group, equities analysts anticipate that Genius Sports will post -0.1 EPS for the current fiscal year.

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.