Genius Sports Limited (NYSE:GENI) Receives Average Rating of "Moderate Buy" from Brokerages

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

GENI has been the topic of a number of analyst reports. Guggenheim initiated coverage on shares of Genius Sports in a research note on Tuesday, March 18th. They set a "buy" rating and a $12.00 price objective on the stock. Craig Hallum set a $15.00 target price on Genius Sports in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft started coverage on Genius Sports in a research report on Monday, April 21st. They set a "buy" rating and a $12.00 target price on the stock. JMP Securities reiterated a "market outperform" rating and set a $11.00 target price on shares of Genius Sports in a research report on Monday, January 27th. Finally, The Goldman Sachs Group increased their target price on Genius Sports from $11.00 to $12.50 and gave the company a "buy" rating in a research report on Wednesday, March 5th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PharVision Advisers LLC purchased a new position in Genius Sports in the 1st quarter valued at $118,000. Nixon Capital LLC increased its stake in shares of Genius Sports by 6.7% in the 1st quarter. Nixon Capital LLC now owns 1,038,629 shares of the company's stock worth $10,397,000 after acquiring an additional 64,767 shares during the last quarter. Millennium Management LLC increased its stake in shares of Genius Sports by 1,579.0% in the 1st quarter. Millennium Management LLC now owns 2,766,206 shares of the company's stock worth $27,690,000 after acquiring an additional 2,601,453 shares during the last quarter. Ancora Advisors LLC increased its stake in shares of Genius Sports by 27.1% in the 1st quarter. Ancora Advisors LLC now owns 204,552 shares of the company's stock worth $2,048,000 after acquiring an additional 43,552 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its stake in shares of Genius Sports by 3.8% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 141,425 shares of the company's stock worth $1,417,000 after acquiring an additional 5,205 shares during the last quarter. Hedge funds and other institutional investors own 81.91% of the company's stock.

Genius Sports Price Performance

Shares of NYSE GENI opened at $9.89 on Monday. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of -30.89 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 firm's 50 day simple moving average is $10.07 and its 200-day simple moving average is $9.37.

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

Genius Sports declared that its Board of Directors has authorized a share repurchase plan 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 stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is 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.

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