B. Riley Research Analysts Cut Earnings Estimates for Genius Sports Limited (NYSE:GENI)

Genius Sports Limited (NYSE:GENIGet Rating) – Research analysts at B. Riley reduced their FY2023 EPS estimates for Genius Sports in a report issued on Monday, September 19th. B. Riley analyst D. Bain now anticipates that the company will earn ($0.17) per share for the year, down from their prior estimate of ($0.14). The consensus estimate for Genius Sports’ current full-year earnings is ($0.43) per share.

Several other equities research analysts also recently commented on GENI. Credit Suisse Group cut their target price on shares of Genius Sports from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 17th. Citigroup decreased their price target on Genius Sports from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, July 7th. Finally, Needham & Company LLC increased their target price on shares of Genius Sports from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $10.43.

Genius Sports Price Performance

Genius Sports stock opened at $4.33 on Wednesday. The company has a market capitalization of $970.47 million, a PE ratio of -4.92 and a beta of 1.28. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $3.73 and a two-hundred day moving average price of $3.64. Genius Sports has a 12 month low of $2.20 and a 12 month high of $19.97.

Genius Sports (NYSE:GENIGet Rating) last posted its earnings results on Tuesday, August 16th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.07. Genius Sports had a negative net margin of 54.23% and a negative return on equity of 25.86%. The firm had revenue of $71.12 million for the quarter, compared to analysts’ expectations of $64.70 million. During the same quarter in the previous year, the firm posted ($0.69) earnings per share. The company’s revenue was up 27.3% on a year-over-year basis.

Institutional Trading of Genius Sports

Several large investors have recently made changes to their positions in the company. Schrum Private Wealth Management LLC bought a new position in shares of Genius Sports in the 1st quarter worth $39,000. MBE Wealth Management LLC acquired a new position in Genius Sports during the second quarter worth $28,000. Bridgefront Capital LLC bought a new position in shares of Genius Sports in the first quarter valued at $65,000. US Bancorp DE acquired a new position in shares of Genius Sports during the first quarter valued at about $69,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Genius Sports during the second quarter worth about $39,000. 34.15% of the stock is currently owned by institutional investors and hedge funds.

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.

Read More

Earnings History and Estimates for Genius Sports (NYSE:GENI)

Receive News & Ratings for Genius Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genius Sports and related companies with MarketBeat.com's FREE daily email newsletter.