Genius Sports (NYSE:GENI) Upgraded by The Goldman Sachs Group to Strong-Buy Rating

The Goldman Sachs Group upgraded shares of Genius Sports (NYSE:GENIFree Report) to a strong-buy rating in a report published on Monday,Zacks.com reports.

Several other brokerages have also issued reports on GENI. BTIG Research cut their target price on shares of Genius Sports from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Stifel Nicolaus raised their price target on shares of Genius Sports from $5.00 to $7.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. B. Riley Financial reissued a “buy” rating on shares of Genius Sports in a research note on Friday, May 8th. Roth Capital set a $10.00 price objective on shares of Genius Sports in a report on Friday, May 8th. Finally, Wall Street Zen lowered shares of Genius Sports from a “sell” rating to a “strong sell” rating in a research note on Sunday. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.19.

View Our Latest Report on Genius Sports

Genius Sports Trading Up 12.4%

Shares of NYSE GENI opened at $7.29 on Monday. The stock has a fifty day simple moving average of $6.18 and a two-hundred day simple moving average of $6.12. Genius Sports has a 1-year low of $3.83 and a 1-year high of $13.73. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of -11.94 and a beta of 1.91.

Genius Sports (NYSE:GENIGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). The business had revenue of $187.95 million during the quarter, compared to analysts’ expectations of $170.60 million. Genius Sports had a negative net margin of 22.26% and a negative return on equity of 20.34%. The firm’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. Analysts forecast that Genius Sports will post -0.12 EPS for the current year.

Hedge Funds Weigh In On Genius Sports

Several hedge funds and other institutional investors have recently modified their holdings of the company. Senvest Management LLC grew its holdings 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 worth $60,486,000 after acquiring an additional 4,243,157 shares during the period. Wellington Management Group LLP lifted its stake in shares of Genius Sports by 17.9% during the 3rd quarter. Wellington Management Group LLP now owns 13,513,537 shares of the company’s stock valued at $167,298,000 after buying an additional 2,051,503 shares in the last quarter. Voss Capital LP raised its holdings in Genius Sports by 35.4% during the fourth quarter. Voss Capital LP now owns 11,100,000 shares of the company’s stock valued at $122,322,000 after acquiring an additional 2,900,000 shares during the period. Stephens Investment Management Group LLC lifted its position in shares of Genius Sports by 35.1% in the first 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 in the last quarter. Finally, Westfield Capital Management Co. LP lifted its position in shares of Genius Sports by 1.7% in the fourth 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 in the last quarter. 81.91% of the stock is owned by institutional investors.

About Genius Sports

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Genius Sports (NYSE:GENI)

Receive News & Ratings for Genius Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genius Sports and related companies with MarketBeat.com's FREE daily email newsletter.