Genius Sports (NYSE:GENI) Issues Quarterly Earnings Results, Misses Expectations By $0.18 EPS

Genius Sports (NYSE:GENI) issued its earnings results on Tuesday. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.18), Zacks reports. Genius Sports had a negative net margin of 19.71% and a negative return on equity of 14.69%. The firm had revenue of $166.28 million during the quarter, compared to analyst estimates of $156.24 million. Genius Sports updated its FY 2025 guidance to EPS.

Genius Sports Price Performance

Shares of GENI traded down $0.53 during mid-day trading on Thursday, reaching $10.49. 4,058,540 shares of the company’s stock were exchanged, compared to its average volume of 4,484,136. The stock has a market capitalization of $2.26 billion, a PE ratio of -22.29 and a beta of 1.84. The business’s fifty day simple moving average is $12.24 and its 200-day simple moving average is $11.24. Genius Sports has a 52-week low of $7.22 and a 52-week high of $13.73.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. JMP Securities raised their price objective on shares of Genius Sports from $13.00 to $15.00 and gave the stock a “market outperform” rating in a report on Wednesday, September 3rd. UBS Group raised their price objective on shares of Genius Sports from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Benchmark raised their price objective on shares of Genius Sports from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Citigroup reissued an “outperform” rating on shares of Genius Sports in a report on Wednesday, September 3rd. Finally, Roth Capital assumed coverage on shares of Genius Sports in a report on Friday, September 12th. They set a “buy” rating and a $16.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Genius Sports currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.22.

Hedge Funds Weigh In On Genius Sports

Hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. grew its position in shares of Genius Sports by 72.6% during the second quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock worth $111,000 after acquiring an additional 4,477 shares during the last quarter. Orion Porfolio Solutions LLC purchased a new position in Genius Sports in the 2nd quarter valued at $112,000. California State Teachers Retirement System purchased a new position in Genius Sports in the 2nd quarter valued at $144,000. Cetera Investment Advisers grew its position in Genius Sports by 10.0% in the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after buying an additional 1,388 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new position in Genius Sports in the 2nd quarter valued at $266,000. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

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.