Stifel Nicolaus Cuts Genius Sports (NYSE:GENI) Price Target to $5.00

Genius Sports (NYSE:GENI) had its price target trimmed by Stifel Nicolaus from $7.00 to $5.00 in a research note issued to investors on Thursday, MarketBeat reports. The firm currently has a hold rating on the stock.

GENI has been the topic of a number of other research reports. B. Riley Financial restated a “buy” rating on shares of Genius Sports in a report on Friday, February 6th. Citigroup lowered their target price on shares of Genius Sports from $11.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Northland Securities set a $12.00 target price on shares of Genius Sports in a report on Friday, February 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Genius Sports in a report on Friday, March 27th. Finally, Guggenheim lowered their target price on shares of Genius Sports from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Genius Sports currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.63.

Genius Sports Price Performance

GENI opened at $3.94 on Thursday. Genius Sports has a fifty-two week low of $3.87 and a fifty-two week high of $13.73. The firm has a market capitalization of $969.72 million, a PE ratio of -9.16 and a beta of 2.08. The company’s 50-day moving average is $5.50 and its 200 day moving average is $8.94.

Genius Sports (NYSE:GENI) last posted its earnings results on Thursday, March 5th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). Genius Sports had a negative return on equity of 13.66% and a negative net margin of 16.67%.The business had revenue of $240.50 million during the quarter, compared to analyst estimates of $234.94 million. During the same quarter in the prior year, the company earned ($0.12) EPS. The company’s revenue was up 37.0% on a year-over-year basis. As a group, analysts expect that Genius Sports will post -0.1 EPS for the current year.

Institutional Investors Weigh In On Genius Sports

A number of institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new stake in Genius Sports in the 4th quarter worth about $171,000. Uniplan Investment Counsel Inc. grew its position in Genius Sports by 31.7% in the 4th quarter. Uniplan Investment Counsel Inc. now owns 178,100 shares of the company’s stock worth $1,963,000 after purchasing an additional 42,895 shares in the last quarter. Numerai GP LLC grew its position in Genius Sports by 31.6% in the 4th quarter. Numerai GP LLC now owns 61,605 shares of the company’s stock worth $679,000 after purchasing an additional 14,798 shares in the last quarter. Occudo Quantitative Strategies LP grew its position in Genius Sports by 70.5% in the 4th quarter. Occudo Quantitative Strategies LP now owns 135,621 shares of the company’s stock worth $1,495,000 after purchasing an additional 56,070 shares in the last quarter. Finally, Odyssean LLC bought a new stake in Genius Sports in the 4th quarter worth about $770,000. 81.91% of the stock is owned by institutional investors.

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.