Genius Sports (NYSE:GENI) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Genius Sports (NYSE:GENI) in a research report released on Tuesday, Marketbeat.com reports. The brokerage issued a buy rating and a $7.50 price objective on the stock.

GENI has been the topic of a number of other reports. B. Riley started coverage on Genius Sports in a research note on Friday, April 5th. They issued a buy rating and a $9.00 target price on the stock. Oppenheimer restated an outperform rating and issued a $10.00 target price on shares of Genius Sports in a research note on Thursday, April 4th. Macquarie started coverage on Genius Sports in a research note on Thursday, December 21st. They issued an outperform rating and a $11.00 target price on the stock. Needham & Company LLC restated a buy rating and issued a $9.00 target price on shares of Genius Sports in a research note on Wednesday, March 6th. Finally, Cantor Fitzgerald reiterated an overweight rating and set a $8.00 price objective on shares of Genius Sports in a research report on Monday, February 26th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of Buy and a consensus target price of $9.25.

Genius Sports Stock Performance

Shares of GENI opened at $5.12 on Tuesday. The stock’s 50-day simple moving average is $6.33 and its 200 day simple moving average is $5.88. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -12.79 and a beta of 1.97. Genius Sports has a 52-week low of $3.55 and a 52-week high of $8.45.

Genius Sports (NYSE:GENI) last announced its earnings results on Wednesday, March 6th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.10). The business had revenue of $127.20 million during 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%. Genius Sports’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.18) earnings per share. On average, research analysts forecast that Genius Sports will post -0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Genius Sports

Several institutional investors have recently modified their holdings of the company. Wellington Management Group LLP grew its position in Genius Sports by 383.6% during the 4th quarter. Wellington Management Group LLP now owns 7,277,462 shares of the company’s stock worth $44,975,000 after acquiring an additional 5,772,540 shares during the last quarter. Senvest Management LLC grew its position in Genius Sports by 591.9% during the 3rd quarter. Senvest Management LLC now owns 4,520,171 shares of the company’s stock worth $24,093,000 after acquiring an additional 3,866,827 shares during the last quarter. Ophir Asset Management Pty Ltd bought a new position in Genius Sports during the 4th quarter worth approximately $21,961,000. FMR LLC bought a new position in Genius Sports during the 1st quarter worth approximately $9,281,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Genius Sports by 26.9% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,047,580 shares of the company’s stock worth $37,564,000 after acquiring an additional 1,491,777 shares during the last quarter. 81.91% of the stock is currently owned by institutional investors.

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.