Genius Sports Limited (NYSE:GENI) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Genius Sports has a “Moderate Buy” consensus rating from 19 analysts, with 14 buys, one strong buy, two holds and two sells. The average 12-month price target is $11.44, well above the reported $7.51 share price.
• The company reported strong revenue growth of 64.7% year over year to $195.5 million, exceeding estimates, but its adjusted loss of $0.28 per share was significantly wider than the expected $0.07 loss.
• Shares were trading down 1.6%, while hedge funds and institutional investors held approximately 81.9% of the stock; Genius Sports has a market capitalization of about $1.85 billion.

Genius Sports Limited (NYSE:GENI - Get Free Report) has been given an average recommendation of "Moderate Buy" by the nineteen research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $11.4412.

Several research analysts recently commented on GENI shares. Needham & Company LLC boosted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Oppenheimer raised their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Benchmark reaffirmed a "buy" rating on shares of Genius Sports in a report on Friday, August 28th. Freedom Capital raised Genius Sports to a "strong-buy" rating in a research report on Monday, July 20th. Finally, Wall Street Zen upgraded Genius Sports from a "strong sell" rating to a "sell" rating in a report on Saturday.

Genius Sports Trading Down 1.6%

NYSE GENI opened at $7.51 on Friday. The stock has a market cap of $1.85 billion, a PE ratio of -11.04 and a beta of 1.88. Genius Sports has a 12 month low of $3.83 and a 12 month high of $13.73. The company's 50-day moving average price is $7.16 and its 200-day moving average price is $5.92. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.10.

Genius Sports (NYSE:GENI - Get Free Report) last issued its earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.21). The firm had revenue of $195.50 million during the quarter, compared to analysts' expectations of $184.43 million. Genius Sports had a negative return on equity of 23.83% and a negative net margin of 22.99%.Genius Sports's quarterly revenue was up 64.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.21) earnings per share. Equities research analysts forecast that Genius Sports will post -0.35 earnings per share for the current year.

Hedge Funds Weigh In On Genius Sports

A number of institutional investors have recently bought and sold shares of GENI. Parallel Advisors LLC purchased a new stake in Genius Sports in the first quarter valued at $25,000. Baer Investment Advisory LLC purchased a new position in shares of Genius Sports during the 1st quarter valued at about $61,000. UMB Bank n.a. acquired a new position in shares of Genius Sports in the 4th quarter valued at about $63,000. Lexington Hill Partners LLC acquired a new position in shares of Genius Sports in the 2nd quarter valued at about $64,000. Finally, Pacer Advisors Inc. boosted its stake in shares of Genius Sports by 29.1% in the first quarter. Pacer Advisors Inc. now owns 15,270 shares of the company's stock worth $68,000 after buying an additional 3,440 shares during the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.

About Genius Sports

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.

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