Genius Sports Limited (NYSE:GENI) to Post Q1 2024 Earnings of ($0.05) Per Share, B. Riley Forecasts

Genius Sports Limited (NYSE:GENI – Get Rating) – Analysts at B. Riley issued their Q1 2024 earnings per share estimates for Genius Sports in a research report issued to clients and investors on Monday, March 13th. B. Riley analyst D. Bain forecasts that the company will post earnings of ($0.05) per share for the quarter. The consensus estimate for Genius Sports’ current full-year earnings is ($0.37) per share. B. Riley also issued estimates for Genius Sports’ Q2 2024 earnings at $0.00 EPS, Q3 2024 earnings at $0.02 EPS and Q4 2024 earnings at $0.00 EPS.

A number of other research analysts have also recently issued reports on the company. Credit Suisse Group cut their price objective on Genius Sports from $10.00 to $8.00 and set an “outperform” rating for the company in a report on Monday. Needham & Company LLC reissued a “buy” rating and set a $7.00 price target on shares of Genius Sports in a report on Monday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.80.

Genius Sports Stock Performance

GENI opened at $4.33 on Tuesday. The stock has a market cap of $951.99 million, a PE ratio of -4.81 and a beta of 1.98. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.01. Genius Sports has a 1 year low of $2.20 and a 1 year high of $5.82. The stock’s 50 day simple moving average is $4.79 and its 200-day simple moving average is $4.48.

Hedge Funds Weigh In On Genius Sports

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. MBE Wealth Management LLC raised its stake in shares of Genius Sports by 25.3% in the third quarter. MBE Wealth Management LLC now owns 15,515 shares of the company’s stock worth $57,000 after acquiring an additional 3,135 shares during the last quarter. Builders Union LLP bought a new position in shares of Genius Sports in the third quarter worth about $3,493,000. Yorktown Management & Research Co Inc raised its stake in shares of Genius Sports by 10.1% in the third quarter. Yorktown Management & Research Co Inc now owns 43,600 shares of the company’s stock worth $160,000 after acquiring an additional 4,000 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Genius Sports by 23.7% in the third quarter. Exchange Traded Concepts LLC now owns 1,468,585 shares of the company’s stock worth $5,390,000 after acquiring an additional 280,991 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Genius Sports by 254.2% in the third quarter. SG Americas Securities LLC now owns 75,100 shares of the company’s stock worth $276,000 after acquiring an additional 53,900 shares during the last quarter. 34.12% of the stock is currently owned by institutional investors and hedge funds.

About Genius Sports

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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.