Genius Sports (NYSE:GENI) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Research analysts at Deutsche Bank Aktiengesellschaft started coverage on shares of Genius Sports (NYSE:GENI) in a report released on Monday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $12.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 16.00% from the stock’s current price.

GENI has been the subject of a number of other reports. The Goldman Sachs Group lifted their price target on shares of Genius Sports from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Guggenheim began coverage on Genius Sports in a research note on Tuesday, March 18th. They issued a “buy” rating and a $12.00 price target on the stock. Citizens Jmp downgraded Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Benchmark reaffirmed a “buy” rating and set a $12.00 price target on shares of Genius Sports in a research report on Thursday. Finally, Craig Hallum set a $15.00 target price on shares of Genius Sports in a research report on Tuesday, March 4th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Genius Sports presently has an average rating of “Moderate Buy” and a consensus target price of $12.21.

Genius Sports Stock Up 1.2 %

Shares of NYSE:GENI opened at $10.35 on Monday. The company’s fifty day moving average is $9.59 and its 200 day moving average is $8.93. Genius Sports has a 52 week low of $4.91 and a 52 week high of $11.16. The stock has a market cap of $2.23 billion, a PE ratio of -32.33 and a beta of 1.98.

Genius Sports (NYSE:GENI) last issued its earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.16). The firm had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same quarter in the prior year, the business posted ($0.10) EPS. Sell-side analysts anticipate that Genius Sports will post -0.1 EPS for the current year.

Hedge Funds Weigh In On Genius Sports

A number of institutional investors and hedge funds have recently modified their holdings of GENI. Exchange Traded Concepts LLC raised its stake in shares of Genius Sports by 3.3% during the first quarter. Exchange Traded Concepts LLC now owns 407,297 shares of the company’s stock valued at $4,077,000 after acquiring an additional 13,122 shares in the last quarter. Greenwood Capital Associates LLC bought a new stake in shares of Genius Sports in the first quarter valued at about $518,000. Moody National Bank Trust Division lifted its stake in Genius Sports by 13.8% in the first quarter. Moody National Bank Trust Division now owns 592,114 shares of the company’s stock worth $5,927,000 after acquiring an additional 71,900 shares during the period. Park National Corp OH bought a new position in Genius Sports during the 1st quarter worth about $107,000. Finally, Polar Asset Management Partners Inc. purchased a new position in Genius Sports during the 4th quarter valued at about $8,080,000. Hedge funds and other 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.