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

Key Points

• Analysts maintain a “Moderate Buy” consensus on Genius Sports, with 14 buy ratings, one strong buy, three holds and one sell among 19 analysts. The average 12-month price target is $11.44 versus the stock’s $7.74 opening price.
• Genius Sports reported 64.7% year-over-year revenue growth to $195.5 million, exceeding estimates, but its quarterly loss of $0.28 per share was substantially wider than the expected $0.07 loss.
• Institutional investors own approximately 81.9% of the company, while shares have risen above their 50-day and 200-day moving averages, trading within a $3.83–$13.73 one-year range.

Genius Sports Limited (NYSE:GENI - Get Free Report) has received a consensus rating of "Moderate Buy" from the nineteen analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $11.4412.

Several brokerages recently commented on GENI. BTIG Research increased their price objective on shares of Genius Sports from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Citigroup dropped their target price on shares of Genius Sports from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of Genius Sports in a research note on Monday, May 11th. They set a "buy" rating and a $10.00 price target on the stock. Weiss Ratings raised shares of Genius Sports from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, August 3rd. Finally, Freedom Capital upgraded shares of Genius Sports to a "strong-buy" rating in a research note on Monday, July 20th.

Institutional Trading of Genius Sports

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC acquired a new position in shares of Genius Sports in the first quarter valued at about $25,000. Baer Investment Advisory LLC acquired a new stake in shares of Genius Sports during the first quarter worth about $61,000. UMB Bank n.a. purchased a new stake in Genius Sports in the fourth quarter valued at approximately $63,000. Lexington Hill Partners LLC purchased a new stake in Genius Sports in the second quarter valued at approximately $64,000. Finally, Pacer Advisors Inc. increased its holdings in Genius Sports by 29.1% in the 1st 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 period. Institutional investors and hedge funds own 81.91% of the company's stock.

Genius Sports Trading Up 2.4%

Shares of NYSE:GENI opened at $7.74 on Wednesday. The business's 50-day moving average is $6.63 and its 200 day moving average is $5.92. Genius Sports has a 1 year low of $3.83 and a 1 year high of $13.73. The firm has a market capitalization of $1.91 billion, a P/E ratio of -11.38 and a beta of 1.90. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.97 and a quick ratio of 0.97.

Genius Sports (NYSE:GENI - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.21). Genius Sports had a negative return on equity of 23.83% and a negative net margin of 22.99%.The business had revenue of $195.50 million during the quarter, compared to analyst estimates of $184.43 million. During the same period in the prior year, the business posted ($0.21) EPS. Genius Sports's revenue was up 64.7% compared to the same quarter last year. On average, research analysts predict that Genius Sports will post -0.34 earnings per share for the current fiscal 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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