Genius Sports Limited (NYSE:GENI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Genius Sports Limited (NYSE:GENI) have been given an average recommendation of “Moderate Buy” by the nineteen analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $11.4412.

A number of equities analysts have commented on the company. Zacks Research cut Genius Sports from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Stifel Nicolaus lifted their price target on Genius Sports from $5.00 to $7.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on Genius Sports in a report on Monday, May 11th. They issued a “buy” rating and a $10.00 price objective on the stock. Freedom Capital upgraded shares of Genius Sports to a “strong-buy” rating in a research report on Monday, July 20th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $8.00 price objective on shares of Genius Sports in a report on Friday, August 7th.

Genius Sports Price Performance

NYSE:GENI opened at $7.51 on Friday. Genius Sports has a 52 week low of $3.83 and a 52 week high of $13.73. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $1.85 billion, a PE ratio of -11.04 and a beta of 1.88. The stock’s 50-day moving average price is $7.16 and its 200-day moving average price is $5.92.

Genius Sports (NYSE:GENI) last announced its earnings results on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.21). Genius Sports had a negative net margin of 22.99% and a negative return on equity of 23.83%. The business had revenue of $195.50 million for the quarter, compared to analysts’ expectations of $184.43 million. During the same quarter last year, the business earned ($0.21) EPS. The company’s quarterly revenue was up 64.7% on a year-over-year basis. As a group, equities analysts expect that Genius Sports will post -0.35 EPS for the current fiscal year.

Institutional Trading of Genius Sports

Institutional investors have recently added to or reduced their stakes in the stock. Senvest Management LLC grew its stake in shares of Genius Sports by 45.1% in the first quarter. Senvest Management LLC now owns 13,653,724 shares of the company’s stock valued at $60,486,000 after buying an additional 4,243,157 shares in the last quarter. Wellington Management Group LLP lifted its stake in Genius Sports by 17.9% during the 3rd quarter. Wellington Management Group LLP now owns 13,513,537 shares of the company’s stock worth $167,298,000 after acquiring an additional 2,051,503 shares in the last quarter. Voss Capital LP lifted its stake in Genius Sports by 35.4% during the 4th quarter. Voss Capital LP now owns 11,100,000 shares of the company’s stock worth $122,322,000 after acquiring an additional 2,900,000 shares in the last quarter. Stephens Investment Management Group LLC boosted its holdings in Genius Sports by 35.1% during the 1st quarter. Stephens Investment Management Group LLC now owns 7,598,359 shares of the company’s stock valued at $33,661,000 after acquiring an additional 1,974,043 shares during the period. Finally, Westfield Capital Management Co. LP boosted its holdings in Genius Sports by 1.7% during the 4th quarter. Westfield Capital Management Co. LP now owns 5,951,203 shares of the company’s stock valued at $65,582,000 after acquiring an additional 101,120 shares during the period. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Company Profile

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.