B. Riley Begins Coverage on Genius Sports (NYSE:GENI)

Research analysts at B. Riley began coverage on shares of Genius Sports (NYSE:GENI - Get Free Report) in a report issued on Friday, MarketBeat reports. The firm set a "buy" rating and a $9.00 price target on the stock. B. Riley's target price indicates a potential upside of 45.51% from the company's current price.

Several other equities analysts have also issued reports on GENI. Needham & Company LLC reiterated a "buy" rating and set a $9.00 target price on shares of Genius Sports in a report on Wednesday, March 6th. Oppenheimer reiterated an "outperform" rating and set a $10.00 target price on shares of Genius Sports in a report on Thursday. Cantor Fitzgerald reiterated an "overweight" rating and set a $8.00 target price on shares of Genius Sports in a report on Monday, February 26th. JMP Securities restated a "market outperform" rating and issued a $8.00 price objective on shares of Genius Sports in a report on Thursday, March 7th. Finally, Benchmark restated a "buy" rating and issued a $10.00 price objective on shares of Genius Sports in a report on Thursday, March 7th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $9.41.

Genius Sports Trading Up 7.4 %

Genius Sports stock traded up $0.42 during trading hours on Friday, hitting $6.19. 3,926,771 shares of the stock traded hands, compared to its average volume of 2,316,406. The firm's 50-day moving average price is $6.54 and its two-hundred day moving average price is $5.86. The company has a market cap of $1.44 billion, a PE ratio of -15.46 and a beta of 1.96. Genius Sports has a one year low of $3.55 and a one year high of $8.45.

Genius Sports (NYSE:GENI - Get Free Report) last released its earnings results on Wednesday, March 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.10). Genius Sports had a negative net margin of 20.71% and a negative return on equity of 12.67%. The business had revenue of $127.20 million for the quarter, compared to analysts' expectations of $126.53 million. During the same quarter in the previous year, the business posted ($0.18) earnings per share. Genius Sports's revenue for the quarter was up 20.8% on a year-over-year basis. On average, sell-side analysts expect that Genius Sports will post -0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Genius Sports

Large investors have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd bought a new stake in Genius Sports in the 3rd quarter worth approximately $28,000. Geneos Wealth Management Inc. bought a new stake in Genius Sports in the 3rd quarter worth approximately $29,000. Altshuler Shaham Ltd bought a new stake in Genius Sports in the 4th quarter worth approximately $35,000. NewEdge Wealth LLC bought a new stake in shares of Genius Sports during the 4th quarter valued at $62,000. Finally, Stifel Financial Corp bought a new stake in shares of Genius Sports during the 4th quarter valued at $62,000. 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.