FY2025 EPS Estimates for Genius Sports Increased by B. Riley

Genius Sports Limited (NYSE:GENI - Free Report) - Analysts at B. Riley upped their FY2025 earnings per share (EPS) estimates for shares of Genius Sports in a research note issued on Tuesday, July 8th. B. Riley analyst J. Nichols now expects that the company will post earnings of ($0.05) per share for the year, up from their prior forecast of ($0.10). B. Riley has a "Buy" rating on the stock. The consensus estimate for Genius Sports' current full-year earnings is ($0.10) per share.

Other equities analysts have also recently issued research reports about the company. Guggenheim began coverage on Genius Sports in a research report on Tuesday, March 18th. They issued a "buy" rating and a $12.00 price target on the stock. Needham & Company LLC restated a "buy" rating and issued a $13.00 price target on shares of Genius Sports in a research report on Thursday, June 12th. JMP Securities set a $13.00 target price on Genius Sports and gave the stock a "market outperform" rating in a research report on Monday, June 30th. BTIG Research boosted their target price on Genius Sports from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Finally, Arete assumed coverage on Genius Sports in a research report on Wednesday. They set a "buy" rating and a $15.00 target price on the stock. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $12.63.

Genius Sports Stock Down 2.3%

GENI stock traded down $0.24 during trading on Friday, hitting $10.25. The company had a trading volume of 4,112,892 shares, compared to its average volume of 3,364,209. The firm has a market cap of $2.21 billion, a PE ratio of -53.95 and a beta of 1.86. Genius Sports has a 1-year low of $5.60 and a 1-year high of $11.40. The firm has a 50-day moving average price of $10.00 and a 200-day moving average price of $9.63.

Genius Sports (NYSE:GENI - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. Genius Sports had a negative return on equity of 6.90% and a negative net margin of 8.54%. The business had revenue of $143.99 million during the quarter, compared to the consensus estimate of $143.31 million. During the same period in the previous year, the business earned ($0.11) EPS. The business's quarterly revenue was up 20.3% on a year-over-year basis.

Genius Sports declared that its Board of Directors has authorized a share repurchase program on Tuesday, May 6th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to buy up to 4.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Institutional Investors Weigh In On Genius Sports

A number of large investors have recently bought and sold shares of the stock. Moody National Bank Trust Division grew its holdings in Genius Sports by 11.8% during the 2nd quarter. Moody National Bank Trust Division now owns 661,714 shares of the company's stock valued at $6,882,000 after buying an additional 69,600 shares during the last quarter. Channel Wealth LLC purchased a new position in shares of Genius Sports during the 2nd quarter worth $366,000. Harbor Capital Advisors Inc. lifted its stake in shares of Genius Sports by 35.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 233,702 shares of the company's stock worth $2,431,000 after purchasing an additional 61,581 shares during the period. Voya Investment Management LLC lifted its stake in shares of Genius Sports by 20.1% during the 1st quarter. Voya Investment Management LLC now owns 2,781,888 shares of the company's stock worth $27,847,000 after purchasing an additional 465,862 shares during the period. Finally, Hodges Capital Management Inc. purchased a new position in shares of Genius Sports during the 1st quarter worth $2,152,000. Institutional investors and hedge funds 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.