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

Genius Sports Limited (NYSE:GENI) has earned a consensus rating of “Buy” from the nine ratings firms that are presently covering the company, Marketbeat reports. Nine analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $9.41.

GENI has been the topic of several research analyst reports. B. Riley initiated coverage on shares of Genius Sports in a research report on Friday, April 5th. They set a “buy” rating and a $9.00 target price on the stock. Macquarie initiated coverage on shares of Genius Sports in a research report on Thursday, December 21st. They set an “outperform” rating and a $11.00 target price on the stock. Benchmark reissued a “buy” rating and set a $10.00 target price on shares of Genius Sports in a research report on Thursday, March 7th. Oppenheimer reissued an “outperform” rating and set a $10.00 target price on shares of Genius Sports in a research report on Thursday, April 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $9.00 target price on shares of Genius Sports in a research report on Wednesday, March 6th.

Hedge Funds Weigh In On Genius Sports

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP raised its stake in Genius Sports by 383.6% during the fourth quarter. Wellington Management Group LLP now owns 7,277,462 shares of the company’s stock worth $44,975,000 after purchasing an additional 5,772,540 shares during the period. Senvest Management LLC raised its stake in Genius Sports by 591.9% during the third quarter. Senvest Management LLC now owns 4,520,171 shares of the company’s stock worth $24,093,000 after purchasing an additional 3,866,827 shares during the period. Ophir Asset Management Pty Ltd purchased a new position in Genius Sports during the fourth quarter worth about $21,961,000. FMR LLC acquired a new stake in shares of Genius Sports during the first quarter valued at about $9,281,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Genius Sports by 26.9% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,047,580 shares of the company’s stock valued at $37,564,000 after acquiring an additional 1,491,777 shares during the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.

Genius Sports Stock Down 4.6 %

NYSE GENI opened at $5.34 on Friday. The firm has a market cap of $1.24 billion, a PE ratio of -13.35 and a beta of 1.96. The company has a 50 day moving average price of $6.42 and a 200 day moving average price of $5.88. Genius Sports has a 52 week low of $3.55 and a 52 week high of $8.45.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Wednesday, March 6th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.10). The firm had revenue of $127.20 million for the quarter, compared to the consensus estimate of $126.53 million. Genius Sports had a negative return on equity of 12.67% and a negative net margin of 20.71%. The company’s revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.18) EPS. On average, equities research analysts anticipate that Genius Sports will post -0.13 earnings per share for the current fiscal year.

Genius Sports Company Profile

Genius Sports Limited engages in the development and sale of 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.