Genius Sports Limited (NYSE:GENI) Given Average Recommendation of “Buy” by Brokerages

Genius Sports Limited (NYSE:GENI) has earned an average recommendation of “Buy” from the ten research firms that are presently covering the stock, Marketbeat reports. Ten research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $9.45.

A number of brokerages recently weighed in on GENI. The Goldman Sachs Group boosted their price objective on shares of Genius Sports from $7.50 to $8.50 and gave the stock a “buy” rating in a report on Thursday, August 8th. B. Riley boosted their price objective on shares of Genius Sports from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Macquarie lowered their target price on shares of Genius Sports from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Thursday, July 18th. Needham & Company LLC restated a “buy” rating and set a $9.00 target price on shares of Genius Sports in a research note on Tuesday, August 6th. Finally, Benchmark reiterated a “buy” rating and issued a $10.00 price target on shares of Genius Sports in a research note on Friday, October 11th.

Institutional Trading of Genius Sports

A number of large investors have recently bought and sold shares of GENI. AYAL Capital Advisors Ltd acquired a new stake in shares of Genius Sports in the second quarter valued at about $4,635,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Genius Sports by 25.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,503,563 shares of the company’s stock worth $48,555,000 after buying an additional 1,702,602 shares in the last quarter. Rice Hall James & Associates LLC purchased a new stake in shares of Genius Sports during the second quarter worth about $5,521,000. Hood River Capital Management LLC boosted its position in shares of Genius Sports by 6.0% in the second quarter. Hood River Capital Management LLC now owns 2,026,873 shares of the company’s stock worth $11,046,000 after acquiring an additional 114,490 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Genius Sports in the second quarter worth approximately $1,804,000. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Trading Down 2.3 %

Shares of NYSE GENI opened at $6.74 on Thursday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -15.67 and a beta of 1.98. The stock has a fifty day simple moving average of $7.49 and a two-hundred day simple moving average of $6.40. Genius Sports has a 1-year low of $4.73 and a 1-year high of $8.64.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). Genius Sports had a negative net margin of 21.93% and a negative return on equity of 15.30%. The company had revenue of $95.50 million for the quarter, compared to the consensus estimate of $94.15 million. During the same period last year, the business posted ($0.05) earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Analysts forecast that Genius Sports will post -0.2 EPS for the current year.

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.