Genius Sports (NYSE:GENI) Now Covered by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Genius Sports (NYSE:GENI - Free Report) in a research report sent to investors on Monday morning, Marketbeat.com reports. The firm issued a buy rating and a $12.00 target price on the stock.

A number of other analysts have also recently issued reports on GENI. B. Riley started coverage on Genius Sports in a research note on Tuesday, March 18th. They set a "buy" rating for the company. Citizens Jmp downgraded Genius Sports from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. The Goldman Sachs Group boosted their price objective on shares of Genius Sports from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Benchmark restated a "buy" rating and set a $12.00 price objective on shares of Genius Sports in a research note on Thursday, April 17th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $11.00 target price on shares of Genius Sports in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $12.19.

Genius Sports Trading Up 2.3 %

Shares of NYSE:GENI traded up $0.24 during mid-day trading on Monday, reaching $10.80. The stock had a trading volume of 3,101,847 shares, compared to its average volume of 2,677,886. The firm has a 50 day simple moving average of $9.66 and a two-hundred day simple moving average of $9.02. Genius Sports has a twelve month low of $4.91 and a twelve month high of $11.16. The firm has a market cap of $2.32 billion, a PE ratio of -33.75 and a beta of 1.98.

Genius Sports (NYSE:GENI - Get Free Report) last posted its earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.16). Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The firm had revenue of $175.53 million during the quarter, compared to analyst estimates of $175.52 million. During the same quarter last year, the business posted ($0.10) earnings per share. On average, equities analysts anticipate that Genius Sports will post -0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Genius Sports

A number of large investors have recently added to or reduced their stakes in the business. Divisadero Street Capital Management LP increased its holdings in shares of Genius Sports by 32,386.5% in the fourth quarter. Divisadero Street Capital Management LP now owns 3,551,751 shares of the company's stock valued at $30,723,000 after purchasing an additional 3,540,818 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Genius Sports in the 4th quarter valued at about $24,712,000. Loomis Sayles & Co. L P bought a new position in Genius Sports in the 4th quarter valued at about $15,553,000. Capital Research Global Investors lifted its position in Genius Sports by 14.2% during the fourth quarter. Capital Research Global Investors now owns 12,952,320 shares of the company's stock worth $112,038,000 after acquiring an additional 1,610,078 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Genius Sports during the fourth quarter worth approximately $12,332,000. Institutional investors own 81.91% of the company's stock.

About Genius Sports

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.