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

Genius Sports Limited (NYSE:GENI) has earned a consensus rating of “Moderate Buy” from the twenty-one analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, fourteen have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $14.9524.

Several brokerages recently commented on GENI. Zacks Research raised shares of Genius Sports from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. Benchmark reissued a “buy” rating and set a $16.00 target price on shares of Genius Sports in a research note on Tuesday, December 30th. Guggenheim set a $17.00 price target on shares of Genius Sports in a research report on Thursday, December 4th. UBS Group set a $16.00 price objective on Genius Sports in a report on Monday, December 8th. Finally, New Street Research set a $17.00 target price on Genius Sports in a report on Thursday, December 4th.

Genius Sports Stock Up 0.9%

NYSE:GENI opened at $9.67 on Friday. Genius Sports has a 52 week low of $8.15 and a 52 week high of $13.73. The stock’s 50-day moving average price is $10.34 and its 200-day moving average price is $11.33. The stock has a market capitalization of $2.08 billion, a PE ratio of -20.56 and a beta of 1.81.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results 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). The business had revenue of $166.28 million for the quarter, compared to analysts’ expectations of $156.24 million. Genius Sports had a negative return on equity of 14.39% and a negative net margin of 19.71%. Sell-side analysts expect that Genius Sports will post -0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC grew its holdings in shares of Genius Sports by 275.5% during the second quarter. CWM LLC now owns 3,980 shares of the company’s stock worth $41,000 after buying an additional 2,920 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Genius Sports during the third quarter worth about $65,000. Strs Ohio grew its stake in Genius Sports by 178.9% during the 3rd quarter. Strs Ohio now owns 5,300 shares of the company’s stock valued at $66,000 after acquiring an additional 3,400 shares in the last quarter. Bessemer Group Inc. raised its holdings in Genius Sports by 1,163.1% in the 3rd quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock valued at $87,000 after acquiring an additional 6,455 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Genius Sports in the 2nd quarter worth approximately $75,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

About Genius Sports

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.