Genius Sports (NYSE:GENI) Now Covered by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genius Sports (NYSE:GENI) in a research note released on Monday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $12.00 target price on the stock.

A number of other equities analysts have also commented on the company. Lake Street Capital boosted their price objective on Genius Sports from $10.50 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. B. Riley began coverage on shares of Genius Sports in a report on Tuesday, March 18th. They set a “buy” rating on the stock. Benchmark reaffirmed a “buy” rating and issued a $12.00 target price on shares of Genius Sports in a research note on Thursday, April 17th. The Goldman Sachs Group increased their price target on shares of Genius Sports from $11.00 to $12.50 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Finally, Guggenheim initiated coverage on shares of Genius Sports in a research report on Tuesday, March 18th. They issued a “buy” rating and a $12.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Genius Sports currently has a consensus rating of “Moderate Buy” and an average price target of $12.21.

Genius Sports Price Performance

Genius Sports stock opened at $9.87 on Monday. The business has a 50 day simple moving average of $9.60 and a 200 day simple moving average of $8.95. Genius Sports has a one year low of $4.91 and a one year high of $11.16. The company has a market capitalization of $2.12 billion, a PE ratio of -30.84 and a beta of 1.98.

Genius Sports (NYSE:GENI) last posted its earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.16). The firm had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same period in the previous year, the company posted ($0.10) EPS. Equities analysts anticipate that Genius Sports will post -0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GENI. Stifel Financial Corp acquired a new stake in Genius Sports in the third quarter worth $561,000. State Street Corp raised its stake in Genius Sports by 237.8% during the 3rd quarter. State Street Corp now owns 135,859 shares of the company’s stock worth $1,065,000 after buying an additional 95,642 shares during the period. Sanctuary Advisors LLC bought a new position in Genius Sports during the third quarter worth about $221,000. Tidal Investments LLC acquired a new position in Genius Sports in the third quarter valued at about $371,000. Finally, JPMorgan Chase & Co. grew its stake in Genius Sports by 2,765,692.0% in the third quarter. JPMorgan Chase & Co. now owns 691,448 shares of the company’s stock valued at $5,421,000 after acquiring an additional 691,423 shares during the period. 81.91% of the stock is currently owned by institutional investors.

About Genius Sports

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.