Genius Sports Limited (NYSE:GENI) Receives Consensus Rating of “Buy” from Brokerages

Shares of Genius Sports Limited (NYSE:GENI) have been given an average rating of “Buy” by the ten ratings firms that are presently covering the stock, Marketbeat reports. Ten research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $9.25.

Several equities research analysts have issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $9.00 price target on shares of Genius Sports in a research note on Wednesday, March 6th. The Goldman Sachs Group initiated coverage on Genius Sports in a research note on Tuesday, April 16th. They issued a “buy” rating and a $7.50 target price for the company. Oppenheimer reissued an “outperform” rating and set a $10.00 price target on shares of Genius Sports in a research note on Thursday, April 4th. Benchmark reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Genius Sports in a research note on Thursday, March 7th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $8.00 target price on shares of Genius Sports in a research report on Monday, February 26th.

Genius Sports Trading Down 0.6 %

GENI stock opened at $5.39 on Thursday. The company’s 50 day moving average is $5.74 and its 200 day moving average is $5.89. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -13.47 and a beta of 1.98. Genius Sports has a 1-year low of $4.34 and a 1-year high of $8.45.

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

Institutional Trading of Genius Sports

A number of institutional investors have recently modified their holdings of the company. Voss Capital LLC purchased a new stake in Genius Sports in the 4th quarter worth approximately $3,244,000. Wellington Management Group LLP boosted its holdings in Genius Sports by 2,189.3% in the third quarter. Wellington Management Group LLP now owns 1,504,922 shares of the company’s stock valued at $8,021,000 after acquiring an additional 1,439,184 shares in the last quarter. ARK Investment Management LLC increased its position in Genius Sports by 9.9% during the 4th quarter. ARK Investment Management LLC now owns 6,914,013 shares of the company’s stock valued at $42,729,000 after purchasing an additional 620,472 shares during the period. Trexquant Investment LP bought a new position in Genius Sports in the 3rd quarter worth $1,366,000. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Genius Sports in the 3rd quarter worth about $1,093,000. 81.91% of the stock is currently owned by hedge funds and other 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.