Northland Capmk Reduces Earnings Estimates for Genius Sports

Key Points

• Northland Capmk has lowered its FY2026 earnings estimate for Genius Sports from $0.09 to $0.08 per share, maintaining a "Strong-Buy" rating on the stock despite the downgrade.
• Genius Sports reported a quarterly earnings loss of ($0.21) per share, significantly missing the consensus estimate of ($0.04), although its revenue increased by 24.4% year-over-year.
• Institutional investors now hold 81.91% of Genius Sports' shares, indicating strong institutional interest and support for the stock.

Genius Sports Limited (NYSE:GENI - Free Report) - Equities research analysts at Northland Capmk decreased their FY2026 earnings per share estimates for shares of Genius Sports in a note issued to investors on Thursday, August 7th. Northland Capmk analyst G. Gibas now expects that the company will post earnings of $0.08 per share for the year, down from their previous estimate of $0.09. Northland Capmk currently has a "Strong-Buy" rating on the stock. The consensus estimate for Genius Sports' current full-year earnings is ($0.10) per share.

Genius Sports (NYSE:GENI - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The company had revenue of $118.72 million during the quarter, compared to the consensus estimate of $118.28 million. Genius Sports had a negative return on equity of 11.98% and a negative net margin of 13.94%. The company's revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.09) earnings per share.

Several other research analysts also recently weighed in on the company. Benchmark boosted their target price on Genius Sports from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Thursday. B. Riley boosted their target price on Genius Sports from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Thursday. BTIG Research boosted their target price on Genius Sports from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Guggenheim boosted their target price on Genius Sports from $12.00 to $16.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Arete started coverage on Genius Sports in a research note on Wednesday, July 9th. They set a "buy" rating and a $15.00 target price on the stock. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Genius Sports currently has an average rating of "Buy" and a consensus target price of $13.69.

Genius Sports Stock Performance

GENI stock traded up $0.21 on Friday, hitting $12.17. 1,266,306 shares of the company's stock were exchanged, compared to its average volume of 4,229,220. Genius Sports has a 12-month low of $6.37 and a 12-month high of $12.45. The firm has a 50 day moving average price of $10.35 and a two-hundred day moving average price of $9.93. The stock has a market cap of $2.62 billion, a P/E ratio of -39.24 and a beta of 1.86.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new stake in Genius Sports during the 1st quarter valued at $37,000. Pacer Advisors Inc. grew its holdings in shares of Genius Sports by 61.5% during the 1st quarter. Pacer Advisors Inc. now owns 3,754 shares of the company's stock valued at $38,000 after acquiring an additional 1,430 shares in the last quarter. CWM LLC grew its holdings in shares of Genius Sports by 275.5% during the 2nd quarter. CWM LLC now owns 3,980 shares of the company's stock valued at $41,000 after acquiring an additional 2,920 shares in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Genius Sports during the 4th quarter valued at $58,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Genius Sports during the 2nd quarter valued at $75,000. Institutional investors own 81.91% of the company's stock.

Genius Sports declared that its board has approved a stock repurchase plan on Tuesday, May 6th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 4.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its stock is undervalued.

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.

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