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

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

A number of research firms have recently weighed in on GENI. Lake Street Capital lifted their price objective on Genius Sports from $10.50 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Needham & Company LLC set a $13.00 price objective on shares of Genius Sports in a research note on Wednesday, March 5th. Benchmark lifted their target price on shares of Genius Sports from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. B. Riley assumed coverage on Genius Sports in a research note on Tuesday, March 18th. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group upped their price objective on Genius Sports from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Wednesday, March 5th.

Hedge Funds Weigh In On Genius Sports

Institutional investors have recently bought and sold shares of the business. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Genius Sports during the 4th quarter valued at about $58,000. Captrust Financial Advisors purchased a new stake in Genius Sports during the third quarter valued at approximately $84,000. Walleye Trading LLC lifted its stake in shares of Genius Sports by 169.9% in the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock valued at $95,000 after purchasing an additional 29,555 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Genius Sports by 39.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock worth $105,000 after purchasing an additional 3,429 shares during the period. Finally, Park National Corp OH bought a new position in shares of Genius Sports during the 1st quarter valued at approximately $107,000. Institutional investors own 81.91% of the company’s stock.

Genius Sports Stock Down 7.2 %

Shares of NYSE:GENI opened at $8.81 on Friday. The stock has a market capitalization of $1.90 billion, a PE ratio of -27.52 and a beta of 1.98. The firm’s 50 day moving average price is $9.45 and its 200-day moving average price is $8.78. Genius Sports has a twelve month low of $4.91 and a twelve month high of $11.16.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.16). The business 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 quarter in the prior year, the business earned ($0.10) EPS. Analysts expect that Genius Sports will post -0.1 earnings per share for the current fiscal year.

About Genius Sports

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.