Genius Sports (NYSE:GENI) Upgraded at Zacks Research

Zacks Research upgraded shares of Genius Sports (NYSE:GENI) from a strong sell rating to a hold rating in a research note released on Thursday morning,Zacks.com reports.

Several other research analysts also recently issued reports on GENI. New Street Research set a $17.00 price target on shares of Genius Sports in a research report on Thursday. Roth Capital started coverage on Genius Sports in a research note on Friday, September 12th. They set a “buy” rating and a $16.00 price objective on the stock. Citizens Jmp upped their price target on shares of Genius Sports from $15.00 to $17.00 and gave the company a “market outperform” rating in a report on Thursday. UBS Group raised their target price on shares of Genius Sports from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective on shares of Genius Sports in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.90.

Genius Sports Stock Down 3.6%

NYSE GENI opened at $10.83 on Thursday. Genius Sports has a twelve month low of $8.15 and a twelve month high of $13.73. The company’s 50-day simple moving average is $10.98 and its 200 day simple moving average is $11.17. The stock has a market cap of $2.33 billion, a P/E ratio of -23.04 and a beta of 1.94.

Genius Sports (NYSE:GENI) last issued its quarterly earnings data on Tuesday, November 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). Genius Sports had a negative net margin of 19.71% and a negative return on equity of 14.39%. The company had revenue of $166.28 million for the quarter, compared to the consensus estimate of $156.24 million. Research analysts anticipate that Genius Sports will post -0.1 earnings per share for the current year.

Institutional Investors Weigh In On Genius Sports

A number of institutional investors have recently modified their holdings of the business. Greenwood Capital Associates LLC increased its position in Genius Sports by 1.8% during the second quarter. Greenwood Capital Associates LLC now owns 52,692 shares of the company’s stock worth $548,000 after acquiring an additional 937 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Genius Sports by 9.1% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 14,131 shares of the company’s stock valued at $175,000 after purchasing an additional 1,177 shares during the period. Prelude Capital Management LLC grew its position in shares of Genius Sports by 1.3% during the 3rd quarter. Prelude Capital Management LLC now owns 92,529 shares of the company’s stock worth $1,146,000 after purchasing an additional 1,181 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Genius Sports by 10.0% during the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after purchasing an additional 1,388 shares in the last quarter. Finally, SkyView Investment Advisors LLC increased its holdings in shares of Genius Sports by 2.0% during the second quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock worth $802,000 after purchasing an additional 1,512 shares during the period. Institutional investors own 81.91% of the company’s stock.

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.