Genius Sports Limited (NYSE:GENI) Receives Average Recommendation of “Buy” from Analysts

Shares of Genius Sports Limited (NYSE:GENI – Get Rating) have been given a consensus rating of “Buy” by the ten brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $15.65.

Several equities research analysts have recently issued reports on GENI shares. Needham & Company LLC decreased their target price on Genius Sports from $13.00 to $9.00 and set a “buy” rating for the company in a research report on Monday, March 14th. Credit Suisse Group decreased their target price on Genius Sports from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday, March 14th. Zacks Investment Research raised Genius Sports from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a research report on Tuesday, April 12th. Craig Hallum decreased their target price on Genius Sports from $22.00 to $17.00 in a research report on Monday, March 14th. Finally, UBS Group decreased their target price on Genius Sports from $9.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, March 17th.

A number of hedge funds and other institutional investors have recently modified their holdings of GENI. Sandy Cove Advisors LLC bought a new position in Genius Sports in the 4th quarter worth about $35,000. Benjamin F. Edwards & Company Inc. boosted its stake in Genius Sports by 479.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 5,794 shares of the company’s stock worth $44,000 after purchasing an additional 4,794 shares during the period. Ulland Investment Advisors LLC bought a new position in Genius Sports in the 4th quarter worth about $46,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Genius Sports in the 4th quarter worth about $67,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Genius Sports in the 4th quarter valued at about $79,000. Institutional investors and hedge funds own 45.38% of the company’s stock.

NYSE GENI opened at $3.86 on Friday. The firm has a market capitalization of $768.57 million, a P/E ratio of -0.59 and a beta of 1.82. The business has a fifty day simple moving average of $4.76 and a 200 day simple moving average of $8.81. Genius Sports has a 12 month low of $3.77 and a 12 month high of $25.18.

Genius Sports (NYSE:GENI – Get Rating) last released its quarterly earnings results on Friday, March 11th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.07). The company had revenue of $84.00 million during the quarter, compared to analysts’ expectations of $80.72 million. Genius Sports had a negative net margin of 225.61% and a negative return on equity of 52.87%. Genius Sports’s quarterly revenue was up 78.7% on a year-over-year basis. As a group, research analysts anticipate that Genius Sports will post -0.44 EPS for the current fiscal year.

About Genius Sports (Get Rating)

Genius Sports Limited develops and sells 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.

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