Zacks Investment Research upgraded shares of Genius Sports (NYSE:GENI – Get Rating) from a hold rating to a buy rating in a report released on Friday morning, Zacks.com reports. They currently have $3.25 price objective on the stock.
According to Zacks, “Genius Sports Group provides digital sports content, technology and integrity services. Genius Sports Group, formerly known as dMY Technology Group Inc. II., is based in London. “
A number of other research firms have also issued reports on GENI. Credit Suisse Group reduced their target price on shares of Genius Sports from $15.00 to $14.00 and set an outperform rating on the stock in a report on Monday, March 14th. UBS Group reduced their target price on shares of Genius Sports from $9.00 to $5.00 and set a neutral rating on the stock in a report on Thursday, March 17th. Needham & Company LLC reduced their target price on shares of Genius Sports from $13.00 to $9.00 and set a buy rating on the stock in a report on Monday, March 14th. B. Riley reduced their target price on shares of Genius Sports from $17.00 to $13.00 in a report on Monday, March 14th. Finally, Craig Hallum dropped their price objective on shares of Genius Sports from $22.00 to $17.00 in a research note on Monday, March 14th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Genius Sports presently has an average rating of Buy and a consensus target price of $15.53.
Genius Sports (NYSE:GENI – Get Rating) last released its quarterly earnings data on Thursday, May 12th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.05). The business had revenue of $85.92 million during the quarter, compared to analysts’ expectations of $77.88 million. Genius Sports had a negative return on equity of 52.87% and a negative net margin of 225.61%. Genius Sports’s quarterly revenue was up 59.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.68) earnings per share. Analysts forecast that Genius Sports will post -0.44 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Sandy Cove Advisors LLC acquired a new stake in Genius Sports during the 4th quarter worth approximately $35,000. Schrum Private Wealth Management LLC acquired a new stake in Genius Sports in the first quarter valued at approximately $39,000. Benjamin F. Edwards & Company Inc. grew its position in Genius Sports by 479.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 5,794 shares of the company’s stock valued at $44,000 after acquiring an additional 4,794 shares in the last quarter. Ulland Investment Advisors LLC acquired a new stake in Genius Sports in the fourth quarter valued at approximately $46,000. Finally, Bridgefront Capital LLC acquired a new stake in Genius Sports in the first quarter valued at approximately $65,000. 42.13% of the stock is 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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