Genius Sports Limited (NYSE:GENI) Receives Consensus Rating of “Moderate Buy” from Analysts

Genius Sports Limited (NYSE:GENI) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $11.28.

Several research firms recently issued reports on GENI. Oppenheimer lifted their price objective on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. B. Riley lifted their price target on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Macquarie increased their price objective on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group lifted their target price on shares of Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 target price on shares of Genius Sports in a report on Friday, January 17th.

Genius Sports Price Performance

Shares of GENI stock opened at $9.09 on Friday. Genius Sports has a 1-year low of $4.91 and a 1-year high of $10.33. The company has a market cap of $1.96 billion, a price-to-earnings ratio of -28.39 and a beta of 2.15. The stock has a 50 day simple moving average of $9.01 and a 200-day simple moving average of $8.12.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The company had revenue of $120.20 million during the quarter, compared to analysts’ expectations of $118.94 million. During the same period in the prior year, the business posted ($0.06) earnings per share. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. Analysts anticipate that Genius Sports will post -0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP raised its stake in Genius Sports by 2.9% during the third quarter. Wellington Management Group LLP now owns 8,292,521 shares of the company’s stock worth $65,013,000 after purchasing an additional 230,209 shares during the period. Senvest Management LLC raised its position in shares of Genius Sports by 12.2% during the 3rd quarter. Senvest Management LLC now owns 7,546,809 shares of the company’s stock valued at $59,167,000 after buying an additional 819,385 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Genius Sports by 10.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,520,342 shares of the company’s stock valued at $58,959,000 after buying an additional 691,539 shares during the period. FMR LLC lifted its holdings in Genius Sports by 53.2% in the third quarter. FMR LLC now owns 7,219,874 shares of the company’s stock valued at $56,604,000 after acquiring an additional 2,507,165 shares during the last quarter. Finally, Portolan Capital Management LLC grew its position in Genius Sports by 9.4% in the third quarter. Portolan Capital Management LLC now owns 3,170,891 shares of the company’s stock worth $24,860,000 after acquiring an additional 272,545 shares during the period. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Company Profile

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.