Analysts Set Expectations for Genius Sports FY2024 Earnings

Genius Sports Limited (NYSE:GENI) – Analysts at B. Riley cut their FY2024 earnings estimates for Genius Sports in a note issued to investors on Wednesday, November 13th. B. Riley analyst D. Bain now expects that the company will post earnings of ($0.21) per share for the year, down from their previous forecast of ($0.20). B. Riley currently has a “Buy” rating and a $12.00 price objective on the stock. The consensus estimate for Genius Sports’ current full-year earnings is ($0.16) per share. B. Riley also issued estimates for Genius Sports’ Q1 2025 earnings at ($0.07) EPS, Q3 2025 earnings at $0.00 EPS and FY2025 earnings at ($0.04) EPS.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. The business had revenue of $120.20 million during the quarter, compared to the consensus estimate of $118.94 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) earnings per share.

A number of other equities analysts also recently issued reports on the company. Oppenheimer upped their price target on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Macquarie lifted their price target on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Benchmark boosted their price objective on Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group raised their target price on shares of Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $9.00 price target on shares of Genius Sports in a research report on Tuesday, November 12th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $10.39.

Genius Sports Trading Down 2.6 %

Shares of GENI opened at $8.88 on Monday. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -27.73 and a beta of 1.98. The firm’s fifty day simple moving average is $7.68 and its 200-day simple moving average is $6.63. Genius Sports has a twelve month low of $4.91 and a twelve month high of $10.15.

Hedge Funds Weigh In On Genius Sports

A number of large investors have recently bought and sold shares of GENI. M&T Bank Corp raised its stake in shares of Genius Sports by 54.8% during the 3rd quarter. M&T Bank Corp now owns 136,536 shares of the company’s stock worth $1,070,000 after buying an additional 48,306 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Genius Sports in the third quarter worth $299,000. Main Management ETF Advisors LLC acquired a new stake in Genius Sports in the third quarter valued at $1,010,000. XTX Topco Ltd boosted its position in shares of Genius Sports by 221.0% during the 3rd quarter. XTX Topco Ltd now owns 70,535 shares of the company’s stock worth $553,000 after purchasing an additional 48,563 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Genius Sports by 2.9% during the 3rd quarter. Wellington Management Group LLP now owns 8,292,521 shares of the company’s stock worth $65,013,000 after purchasing an additional 230,209 shares in the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.

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.