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

Key Points

• Genius Sports Limited (NYSE:GENI) has received a consensus "Moderate Buy" rating from 21 analysts, with 15 rating it as a buy and 3 as a strong buy.
• The average 12-month price target for Genius Sports among analysts is $14.22, indicating potential growth from its current trading price of around $12.22.
• In its most recent earnings report, Genius Sports reported a revenue of $118.72 million, exceeding analyst estimates, even though it missed EPS expectations with a loss of $0.21 per share.

Shares of Genius Sports Limited (NYSE:GENI - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty-one analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating, fifteen have given a buy rating and three have issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $14.2222.

A number of equities research analysts have commented on the company. Truist Financial assumed coverage on Genius Sports in a research note on Tuesday, July 1st. They issued a "buy" rating and a $14.00 price objective for the company. Northland Capmk upgraded shares of Genius Sports to a "strong-buy" rating in a research note on Friday, July 25th. Guggenheim set a $16.00 price objective on shares of Genius Sports and gave the stock a "buy" rating in a report on Thursday, August 7th. B. Riley lifted their price objective on shares of Genius Sports from $13.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Arete Research raised shares of Genius Sports to a "strong-buy" rating in a research report on Wednesday, July 9th.

Hedge Funds Weigh In On Genius Sports

Several hedge funds have recently modified their holdings of GENI. Allspring Global Investments Holdings LLC boosted its stake in Genius Sports by 62.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,161,843 shares of the company's stock valued at $21,683,000 after acquiring an additional 833,335 shares during the last quarter. D.A. Davidson & CO. grew its stake in Genius Sports by 67.0% during the first quarter. D.A. Davidson & CO. now owns 89,551 shares of the company's stock valued at $896,000 after acquiring an additional 35,943 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Genius Sports by 194.9% in the first quarter. Envestnet Asset Management Inc. now owns 48,904 shares of the company's stock worth $490,000 after purchasing an additional 32,322 shares during the period. IFC Advisors LLC increased its stake in Genius Sports by 6.8% in the 1st quarter. IFC Advisors LLC now owns 2,735,155 shares of the company's stock worth $27,379,000 after acquiring an additional 173,171 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in Genius Sports during the first quarter valued at approximately $906,000. Institutional investors own 81.91% of the company's stock.

Genius Sports Trading Up 4.2%

GENI opened at $12.22 on Thursday. The company has a fifty day moving average price of $12.56 and a two-hundred day moving average price of $11.01. Genius Sports has a 1-year low of $6.72 and a 1-year high of $13.73. The company has a market cap of $2.63 billion, a P/E ratio of -39.40 and a beta of 1.85.

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

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.

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