Genius Sports Limited (NYSE:GENI) Given Average Recommendation of "Moderate Buy" by Brokerages

Genius Sports Limited (NYSE:GENI - Get Free Report) has received an average rating of "Moderate Buy" from the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $12.19.

Several brokerages recently issued reports on GENI. Deutsche Bank Aktiengesellschaft started coverage on Genius Sports in a research note on Monday, April 21st. They issued a "buy" rating and a $12.00 price objective on the stock. Benchmark reissued a "buy" rating and set a $12.00 price target on shares of Genius Sports in a research report on Thursday, April 17th. JMP Securities restated a "market outperform" rating and set a $11.00 price target on shares of Genius Sports in a research note on Monday, January 27th. B. Riley reaffirmed a "buy" rating on shares of Genius Sports in a research note on Wednesday, May 7th. Finally, Lake Street Capital raised their target price on shares of Genius Sports from $10.50 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GENI. Victory Capital Management Inc. grew its holdings in Genius Sports by 4.6% in the first quarter. Victory Capital Management Inc. now owns 24,854 shares of the company's stock worth $249,000 after purchasing an additional 1,085 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Genius Sports by 2.7% in the 4th quarter. D.A. Davidson & CO. now owns 53,608 shares of the company's stock worth $464,000 after purchasing an additional 1,396 shares in the last quarter. Pacer Advisors Inc. grew its stake in Genius Sports by 61.5% during the 1st quarter. Pacer Advisors Inc. now owns 3,754 shares of the company's stock worth $38,000 after buying an additional 1,430 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in Genius Sports by 2.9% during the 1st quarter. OneDigital Investment Advisors LLC now owns 57,732 shares of the company's stock valued at $578,000 after buying an additional 1,652 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Genius Sports by 9.8% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,849 shares of the company's stock valued at $259,000 after buying an additional 2,314 shares in the last quarter. Institutional investors own 81.91% of the company's stock.

Genius Sports Price Performance

Shares of NYSE:GENI traded up $0.24 on Monday, hitting $10.12. 5,120,797 shares of the company's stock were exchanged, compared to its average volume of 2,936,067. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of -31.61 and a beta of 1.96. Genius Sports has a 12 month low of $5.03 and a 12 month high of $11.40. The business's 50 day simple moving average is $10.13 and its two-hundred day simple moving average is $9.46.

Genius Sports (NYSE:GENI - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. The company had revenue of $143.99 million during the quarter, compared to analyst estimates of $143.31 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm's revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.11) EPS. Equities analysts forecast that Genius Sports will post -0.1 EPS for the current fiscal year.

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

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.