Genius Sports Limited (NYSE:GENI) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts rate Genius Sports a "Moderate Buy" — 20 firms cover the stock (1 sell, 2 hold, 14 buy, 3 strong buy) with an average 1‑year price target of $12.7368.
• Quarterly results were mixed: revenue $240.5M beat estimates and rose 37% year‑over‑year, but EPS missed at ($0.08) versus a $0.02 consensus and the company remains unprofitable with negative margins.
• Institutional ownership is 81.91%, with large recent moves including Invesco adding ~3.29M shares (~$34.2M) and Frontier Capital opening a ~$14.2M position.

Genius Sports Limited (NYSE:GENI - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twenty ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, fourteen have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $12.7368.

GENI has been the topic of a number of research analyst reports. UBS Group reaffirmed a "buy" rating on shares of Genius Sports in a report on Wednesday, March 4th. Guggenheim lowered their target price on Genius Sports from $17.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, February 6th. Needham & Company LLC decreased their price target on Genius Sports from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday, March 5th. Truist Financial decreased their price target on Genius Sports from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, March 4th. Finally, Stifel Nicolaus decreased their price target on Genius Sports from $10.00 to $7.00 and set a "hold" rating for the company in a research report on Thursday, February 19th.

Hedge Funds Weigh In On Genius Sports

A number of hedge funds and other institutional investors have recently modified their holdings of GENI. Royal Bank of Canada boosted its position in shares of Genius Sports by 17.6% in the 1st quarter. Royal Bank of Canada now owns 44,339 shares of the company's stock valued at $444,000 after purchasing an additional 6,623 shares during the period. Cetera Investment Advisers boosted its position in shares of Genius Sports by 10.0% in the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company's stock valued at $159,000 after purchasing an additional 1,388 shares during the period. Prudential Financial Inc. acquired a new position in shares of Genius Sports in the 2nd quarter valued at $266,000. Invesco Ltd. boosted its position in shares of Genius Sports by 3,584.2% in the 2nd quarter. Invesco Ltd. now owns 3,291,635 shares of the company's stock valued at $34,233,000 after purchasing an additional 3,202,290 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new position in shares of Genius Sports in the 2nd quarter valued at $14,220,000. Institutional investors and hedge funds own 81.91% of the company's stock.

Genius Sports Stock Up 3.4%

NYSE:GENI opened at $4.37 on Thursday. The business's 50-day moving average price is $5.70 and its 200 day moving average price is $9.07. The firm has a market cap of $1.08 billion, a P/E ratio of -10.17 and a beta of 2.08. Genius Sports has a 52-week low of $4.18 and a 52-week high of $13.73.

Genius Sports (NYSE:GENI - Get Free Report) last released its earnings results on Thursday, March 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.10). The firm had revenue of $240.50 million for the quarter, compared to analyst estimates of $234.94 million. Genius Sports had a negative return on equity of 13.66% and a negative net margin of 16.67%.Genius Sports's revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.12) earnings per share. Sell-side analysts expect that Genius Sports will post -0.1 EPS for the current year.

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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