B. Riley Initiates Coverage on Genius Sports (NYSE:GENI)

Analysts at B. Riley started coverage on shares of Genius Sports (NYSE:GENI) in a report released on Tuesday, Marketbeat.com reports. The brokerage set a “buy” rating on the stock.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group lifted their target price on Genius Sports from $11.00 to $12.50 and gave the company a “buy” rating in a report on Wednesday, March 5th. Needham & Company LLC set a $13.00 target price on Genius Sports in a research note on Wednesday, March 5th. JMP Securities restated a “market outperform” rating and set a $11.00 price objective on shares of Genius Sports in a research note on Monday, January 27th. Craig Hallum set a $15.00 target price on Genius Sports in a research report on Tuesday, March 4th. Finally, Citizens Jmp lowered Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Genius Sports has an average rating of “Moderate Buy” and an average target price of $12.23.

Genius Sports Price Performance

NYSE GENI opened at $9.64 on Tuesday. Genius Sports has a 1-year low of $4.91 and a 1-year high of $10.33. The company has a market capitalization of $2.08 billion, a P/E ratio of -30.13 and a beta of 2.14. The business has a 50 day moving average price of $9.12 and a 200 day moving average price of $8.55.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Emerald Mutual Fund Advisers Trust bought a new position in Genius Sports in the 4th quarter worth approximately $58,000. Captrust Financial Advisors acquired a new stake in shares of Genius Sports during the 3rd quarter worth approximately $84,000. Walleye Trading LLC grew its holdings in shares of Genius Sports by 169.9% during the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock worth $95,000 after purchasing an additional 29,555 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock worth $105,000 after purchasing an additional 3,429 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in shares of Genius Sports during the 4th quarter worth approximately $129,000. 81.91% of the stock is owned by 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.