Genius Sports (NYSE:GENI) Shares Gap Up - Here's Why

Key Points

• Genius Sports shares gapped up Thursday, opening at $4.96 after a $4.40 close, but were last trading near $4.33 on ~2.28M shares and sit close to their 50‑day SMA ($4.85) well below the 200‑day SMA ($8.05).
• Analysts have trimmed price targets recently, yet the consensus remains a Moderate Buy with an average target of $12.50, reflecting a mix of Buy/Strong Buy ratings alongside a single Sell.
• Q1 results showed a revenue beat — $187.95M, up 30.5% year-over-year — but EPS missed at ($0.21) versus ($0.09) expected, leaving the company unprofitable with negative margins and ROE.

Genius Sports Limited (NYSE:GENI - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $4.40, but opened at $4.96. Genius Sports shares last traded at $4.3250, with a volume of 2,278,986 shares changing hands.

Analyst Upgrades and Downgrades

GENI has been the topic of a number of research analyst reports. Oppenheimer lowered their price objective on shares of Genius Sports from $12.00 to $11.00 and set an "outperform" rating on the stock in a research report on Thursday, March 5th. Citigroup dropped their price target on shares of Genius Sports from $11.00 to $9.00 and set a "buy" rating on the stock in a research note on Thursday, April 2nd. Weiss Ratings reissued a "sell (d-)" rating on shares of Genius Sports in a research report on Friday, March 27th. Guggenheim lowered their target price on Genius Sports from $17.00 to $12.00 and set a "buy" rating on the stock in a research note on Friday, February 6th. Finally, Truist Financial cut their price target on Genius Sports from $13.00 to $10.00 and set a "buy" rating for the company in a research note on Tuesday, April 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $12.50.

Genius Sports Price Performance

The company has a market capitalization of $1.17 billion, a P/E ratio of -11.08 and a beta of 1.80. The stock's fifty day simple moving average is $4.85 and its 200-day simple moving average is $8.05.

Genius Sports (NYSE:GENI - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.12). Genius Sports had a negative return on equity of 13.66% and a negative net margin of 16.67%.The business had revenue of $187.95 million for the quarter, compared to analyst estimates of $170.60 million. During the same quarter last year, the firm earned ($0.03) earnings per share. The firm's quarterly revenue was up 30.5% compared to the same quarter last year.

Hedge Funds Weigh In On Genius Sports

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd acquired a new stake in shares of Genius Sports in the 3rd quarter valued at $65,000. Strs Ohio increased its position in shares of Genius Sports by 178.9% during the 3rd quarter. Strs Ohio now owns 5,300 shares of the company's stock worth $66,000 after purchasing an additional 3,400 shares in the last quarter. Parallel Advisors LLC bought a new position in Genius Sports during the 1st quarter valued at about $25,000. UMB Bank n.a. bought a new position in Genius Sports during the 4th quarter valued at about $63,000. Finally, Bessemer Group Inc. boosted its position in Genius Sports by 1,163.1% in the third quarter. Bessemer Group Inc. now owns 7,010 shares of the company's stock valued at $87,000 after buying an additional 6,455 shares in the last quarter. Institutional investors own 81.91% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.