B. Riley Increases Genius Sports (NYSE:GENI) Price Target to $14.00

Key Points

• B. Riley has raised the price target for Genius Sports (GENI) from $13.00 to $14.00, indicating a potential upside of 17.01% based on the current stock price.
• Genius Sports reported a 24.4% year-over-year revenue increase for the quarter, although it missed earnings expectations with ($0.21) EPS.
• The company announced a stock buyback program of $100 million, reflecting confidence from its board that shares may be undervalued.

Genius Sports (NYSE:GENI - Get Free Report) had its price target upped by investment analysts at B. Riley from $13.00 to $14.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. B. Riley's price target suggests a potential upside of 11.79% from the company's previous close. B. Riley also issued estimates for Genius Sports' Q4 2025 earnings at $0.03 EPS and FY2026 earnings at $0.05 EPS.

GENI has been the subject of a number of other reports. Guggenheim set a $16.00 price target on Genius Sports and gave the company a "buy" rating in a report on Thursday. BTIG Research upped their target price on Genius Sports from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Benchmark increased their price objective on Genius Sports from $12.00 to $14.00 and gave the company a "buy" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on Genius Sports in a research note on Monday, April 21st. They issued a "buy" rating and a $12.00 price objective for the company. Finally, Citigroup reiterated an "outperform" rating on shares of Genius Sports in a report on Monday, June 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Genius Sports presently has a consensus rating of "Moderate Buy" and an average target price of $13.69.

Genius Sports Trading Up 1.1%

Shares of Genius Sports stock traded up $0.13 during trading on Thursday, hitting $12.52. 6,168,665 shares of the stock traded hands, compared to its average volume of 4,274,776. The firm has a market cap of $2.70 billion, a P/E ratio of -40.40 and a beta of 1.86. Genius Sports has a 52-week low of $6.37 and a 52-week high of $12.75. The stock's fifty day simple moving average is $10.41 and its 200 day simple moving average is $9.97.

Genius Sports (NYSE:GENI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.17). Genius Sports had a negative return on equity of 11.48% and a negative net margin of 13.94%. The business had revenue of $118.72 million for the quarter, compared to analysts' expectations of $118.28 million. During the same quarter in the previous year, the firm posted ($0.09) EPS. Genius Sports's revenue was up 24.4% on a year-over-year basis. As a group, equities analysts expect that Genius Sports will post -0.1 EPS for the current year.

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

Institutional Investors Weigh In On Genius Sports

A number of hedge funds have recently bought and sold shares of the business. Capital Research Global Investors grew its position in shares of Genius Sports by 14.2% during the 4th quarter. Capital Research Global Investors now owns 12,952,320 shares of the company's stock valued at $112,038,000 after buying an additional 1,610,078 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Genius Sports by 25.4% during the first quarter. Wellington Management Group LLP now owns 10,244,434 shares of the company's stock worth $102,547,000 after buying an additional 2,076,590 shares during the period. Voss Capital LP increased its stake in shares of Genius Sports by 17.0% during the first quarter. Voss Capital LP now owns 9,269,519 shares of the company's stock valued at $92,788,000 after acquiring an additional 1,346,087 shares during the period. Granahan Investment Management LLC increased its stake in shares of Genius Sports by 0.8% during the fourth quarter. Granahan Investment Management LLC now owns 7,963,691 shares of the company's stock valued at $68,886,000 after acquiring an additional 64,752 shares during the period. Finally, Senvest Management LLC grew its position in Genius Sports by 1.4% in the second quarter. Senvest Management LLC now owns 7,813,156 shares of the company's stock worth $81,257,000 after buying an additional 107,083 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company's stock.

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.