Genius Sports (NYSE:GENI) Price Target Raised to $10.00

Genius Sports (NYSE:GENI) had its price target increased by BTIG Research from $9.00 to $10.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

GENI has been the subject of a number of other reports. Oppenheimer lifted their price target on shares of Genius Sports from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. B. Riley Financial restated a “buy” rating on shares of Genius Sports in a report on Friday, May 8th. The Goldman Sachs Group started coverage on shares of Genius Sports in a research note on Monday, July 27th. They set a “buy” rating and a $9.50 target price for the company. Freedom Capital upgraded shares of Genius Sports to a “strong-buy” rating in a report on Monday, July 20th. Finally, Guggenheim boosted their price target on Genius Sports from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.44.

Genius Sports Trading Down 2.6%

Shares of Genius Sports stock opened at $7.62 on Thursday. The firm has a market capitalization of $1.88 billion, a P/E ratio of -11.21 and a beta of 1.90. The business has a fifty day simple moving average of $6.57 and a two-hundred day simple moving average of $5.97. Genius Sports has a 12 month low of $3.83 and a 12 month high of $13.73.

Genius Sports (NYSE:GENI) last announced its earnings results on Thursday, August 6th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.21). The business had revenue of $195.50 million for the quarter, compared to the consensus estimate of $184.43 million. Genius Sports had a negative net margin of 22.99% and a negative return on equity of 23.58%. The business’s quarterly revenue was up 64.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.21) EPS. Analysts predict that Genius Sports will post -0.12 earnings per share for the current year.

Institutional Trading of Genius Sports

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in Genius Sports by 17.6% during the 1st quarter. Royal Bank of Canada now owns 44,339 shares of the company’s stock valued at $444,000 after purchasing an additional 6,623 shares in the last quarter. Cetera Investment Advisers raised its holdings in Genius Sports by 10.0% in the second quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after buying an additional 1,388 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of Genius Sports in the second quarter worth approximately $266,000. Invesco Ltd. lifted its stake in shares of Genius Sports by 3,584.2% in the second quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock worth $34,233,000 after buying an additional 3,202,290 shares in the last quarter. Finally, Frontier Capital Management Co. LLC purchased a new stake in shares of Genius Sports during the second quarter valued at approximately $14,220,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

Genius Sports News Summary

Here are the key news stories impacting Genius Sports this week:

• Positive Sentiment: Revenue and outlook beat expectations: Second-quarter revenue rose 64.7% year over year to $195.5 million, exceeding the $184.4 million consensus estimate. Genius Sports also raised its full-year revenue outlook to approximately $1 billion, reinforcing expectations for continued growth. Genius Sports raises revenue guidance after strong Q2
• Positive Sentiment: Expansion into prediction markets: Partnerships with Kalshi and Polymarket will allow Genius Sports to provide official sports data, media capabilities, and integrity services. The deals could open an additional growth channel beyond traditional sportsbook customers. Genius Sports enters prediction markets with Polymarket and Kalshi partnerships
• Positive Sentiment: Media and advertising opportunity: Management is using real-time sports data to help advertisers adjust campaigns during live games, signaling a shift toward higher-value media and advertising services. Genius Sports’ media surge shows shift beyond sportsbook data
• Positive Sentiment: Analyst support strengthened: BTIG raised its price target to $10 from $9 and maintained a “buy” rating, while Oppenheimer increased its target to $12 from $10 and upgraded the stock to “outperform.”
• Neutral Sentiment: Wells Fargo reaffirmed its “equal weight” rating and set an $8 price target, indicating limited near-term upside in its base case.
• Negative Sentiment: Profitability remains a concern: Genius Sports reported a quarterly loss of $0.28 per share, substantially worse than the $0.07 loss analysts expected and wider than the $0.21 loss a year earlier. The company continues to report negative net margins and return on equity. Genius Sports Limited reports Q2 loss and tops revenue estimates

About Genius Sports

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.