Genius Sports (GENI) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genius Sports in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GENI shares.
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7 equities research analysts have issued 12 month price targets for Genius Sports' shares. Their GENI share price forecasts range from $8.00 to $10.00. On average, they predict the company's stock price to reach $9.28 in the next year. This suggests a possible upside of 73.9% from the stock's current price.
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Genius Sports' stock was trading at $3.57 at the start of the year. Since then, GENI shares have increased by 49.4% and is now trading at $5.3350.
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Genius Sports saw a increase in short interest in August. As of August 31st, there was short interest totaling 4,030,000 shares, an increase of 18.5% from the August 15th total of 3,400,000 shares. Based on an average daily trading volume, of 1,890,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 3.4% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
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Genius Sports Limited (NYSE:GENI) announced its earnings results on Monday, August, 7th. The company reported ($0.05) EPS for the quarter, meeting analysts' consensus estimates of ($0.05). The business had revenue of $86.90 million for the quarter, compared to the consensus estimate of $80.57 million. Genius Sports had a negative trailing twelve-month return on equity of 13.95% and a negative net margin of 46.77%. The firm's quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) EPS.

ETFs with the largest weight of Genius Sports (NYSE:GENI) stock in their portfolio include Roundhill Sports Betting & iGaming ETF (BETZ), ARK Next Generation Internation ETF (ARKW), B.A.D. Etf (BAD), iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) and AdvisorShares Alpha DNA Equity Sentiment ETF (SENT).ProShares Big Data Refiners ETF (DAT).

Genius Sports issued an update on its third quarter 2023 earnings guidance on Monday, August, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $100.00 million-$100.00 million, compared to the consensus revenue estimate of $99.42 million.

Genius Sports trades on the New York Stock Exchange (NYSE) under the ticker symbol "GENI."

Genius Sports' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Granahan Investment Management LLC (4.79%), Bank of New York Mellon Corp (3.02%), Sumitomo Mitsui Trust Holdings Inc. (2.53%), BlackRock Inc. (2.36%), ARK Investment Management LLC (2.31%) and Portolan Capital Management LLC (1.16%).

Shares of GENI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GENI stock can currently be purchased for approximately $5.34.

Genius Sports (NYSE:GENI) has a market capitalization of $1.17 billion and generates $341.03 million in revenue each year. The company earns $-181,640,000.00 in net income (profit) each year or ($0.84) on an earnings per share basis.

The company employs 2,100 workers across the globe.

Genius Sports' mailing address is 9TH FLOOR 10 BLOOMSBURY WAY, LONDON X0, SW1Y 6DN. The official website for the company is www.geniussports.com. The company can be reached via phone at 44-20-7851-4060 or via email at brandon.bukstel@geniussports.com.