Genius Sports (GENI) Scheduled to Post Quarterly Earnings on Thursday

Genius Sports (NYSE:GENIGet Rating) will be announcing its earnings results before the market opens on Thursday, May 12th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter. Genius Sports has set its FY 2023 guidance at EPS and its FY 2022 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Genius Sports (NYSE:GENIGet Rating) last issued its quarterly earnings data on Friday, March 11th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.21). The company had revenue of $84.00 million for the quarter, compared to analysts’ expectations of $80.72 million. Genius Sports had a negative return on equity of 52.87% and a negative net margin of 225.61%. The business’s quarterly revenue was up 78.7% on a year-over-year basis. On average, analysts expect Genius Sports to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NYSE GENI opened at $4.11 on Thursday. The stock has a market capitalization of $818.35 million, a P/E ratio of -0.63 and a beta of 1.70. Genius Sports has a 1-year low of $3.74 and a 1-year high of $25.18. The business has a fifty day moving average price of $4.49 and a 200 day moving average price of $8.04.

A number of brokerages recently weighed in on GENI. Needham & Company LLC decreased their price objective on Genius Sports from $13.00 to $9.00 and set a “buy” rating for the company in a research note on Monday, March 14th. B. Riley decreased their price target on Genius Sports from $17.00 to $13.00 in a research note on Monday, March 14th. Craig Hallum decreased their price target on Genius Sports from $22.00 to $17.00 in a research note on Monday, March 14th. UBS Group decreased their price target on Genius Sports from $9.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, March 17th. Finally, Zacks Investment Research upgraded Genius Sports from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a research note on Tuesday, April 12th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $15.65.

A number of institutional investors have recently bought and sold shares of GENI. Goldman Sachs Group Inc. grew its holdings in Genius Sports by 279.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 646,148 shares of the company’s stock worth $4,911,000 after acquiring an additional 475,799 shares during the period. Marshall Wace LLP acquired a new stake in Genius Sports in the fourth quarter valued at approximately $3,035,000. Cubist Systematic Strategies LLC grew its holdings in Genius Sports by 52,922.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 345,175 shares of the company’s stock valued at $2,623,000 after purchasing an additional 344,524 shares during the period. UBS Group AG grew its holdings in Genius Sports by 875.2% in the third quarter. UBS Group AG now owns 141,105 shares of the company’s stock valued at $2,633,000 after purchasing an additional 126,635 shares during the period. Finally, Wells Fargo & Company MN acquired a new stake in Genius Sports in the second quarter valued at approximately $922,000. 42.13% of the stock is currently owned by hedge funds and other institutional investors.

Genius Sports Company Profile (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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