Genius Sports (NYSE:GENI) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Genius Sports (NYSE:GENI - Free Report) in a report released on Tuesday morning, MarketBeat reports. The brokerage issued a buy rating and a $7.50 target price on the stock.

Other equities analysts also recently issued research reports about the company. JMP Securities restated a market outperform rating and set a $8.00 target price on shares of Genius Sports in a report on Thursday, March 7th. Benchmark restated a buy rating and set a $10.00 target price on shares of Genius Sports in a report on Thursday, March 7th. B. Riley assumed coverage on Genius Sports in a report on Friday, April 5th. They set a buy rating and a $9.00 target price for the company. Needham & Company LLC restated a buy rating and set a $9.00 target price on shares of Genius Sports in a report on Wednesday, March 6th. Finally, Macquarie initiated coverage on Genius Sports in a report on Thursday, December 21st. They issued an outperform rating and a $11.00 price objective for the company. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of Buy and an average target price of $9.25.

Genius Sports Trading Down 0.7 %

Shares of NYSE:GENI traded down $0.04 during trading on Tuesday, reaching $5.12. 2,601,304 shares of the company traded hands, compared to its average volume of 2,310,016. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -12.79 and a beta of 1.97. Genius Sports has a 52-week low of $3.55 and a 52-week high of $8.45. The business's fifty day moving average is $6.33 and its 200-day moving average is $5.88.

Genius Sports (NYSE:GENI - Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.10). The company had revenue of $127.20 million for the quarter, compared to analysts' expectations of $126.53 million. Genius Sports had a negative net margin of 20.71% and a negative return on equity of 12.67%. The business's revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period last year, the company posted ($0.18) EPS. On average, sell-side analysts predict that Genius Sports will post -0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Genius Sports

Large investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of Genius Sports by 2,189.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,504,922 shares of the company's stock valued at $8,021,000 after buying an additional 1,439,184 shares in the last quarter. ARK Investment Management LLC lifted its holdings in Genius Sports by 9.9% in the 4th quarter. ARK Investment Management LLC now owns 6,914,013 shares of the company's stock worth $42,729,000 after purchasing an additional 620,472 shares in the last quarter. Trexquant Investment LP purchased a new position in Genius Sports in the 3rd quarter worth approximately $1,366,000. Voss Capital LLC purchased a new stake in shares of Genius Sports during the 4th quarter worth approximately $3,244,000. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Genius Sports during the 3rd quarter worth approximately $1,093,000. 81.91% of the stock is currently owned by institutional investors.

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.