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

Genius Sports Limited (NYSE:GENI) has received a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $11.83.

GENI has been the subject of a number of analyst reports. Oppenheimer raised their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Benchmark raised their price objective on shares of Genius Sports from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. B. Riley lifted their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Lake Street Capital lifted their price target on shares of Genius Sports from $10.50 to $11.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Finally, JMP Securities reissued a “market outperform” rating and set a $11.00 price target on shares of Genius Sports in a report on Monday, January 27th.

Institutional Investors Weigh In On Genius Sports

Several institutional investors have recently modified their holdings of the business. D.A. Davidson & CO. grew its position in shares of Genius Sports by 2.7% during the 4th quarter. D.A. Davidson & CO. now owns 53,608 shares of the company’s stock worth $464,000 after buying an additional 1,396 shares during the period. ProShare Advisors LLC boosted its stake in Genius Sports by 19.4% during the 4th quarter. ProShare Advisors LLC now owns 17,132 shares of the company’s stock worth $148,000 after acquiring an additional 2,787 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock worth $105,000 after acquiring an additional 3,429 shares during the last quarter. State of Wyoming boosted its stake in Genius Sports by 8.3% during the 4th quarter. State of Wyoming now owns 45,630 shares of the company’s stock worth $395,000 after acquiring an additional 3,495 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Genius Sports by 27.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company’s stock worth $143,000 after acquiring an additional 3,548 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Stock Performance

NYSE:GENI opened at $9.73 on Wednesday. The company has a 50-day moving average of $9.02 and a 200-day moving average of $8.46. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of -30.42 and a beta of 2.14. Genius Sports has a 52 week low of $4.91 and a 52 week high of $10.33.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). The business had revenue of $175.53 million for the quarter, compared to the consensus estimate 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 business posted ($0.10) earnings per share. Sell-side analysts forecast that Genius Sports will post -0.1 EPS for the current 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.