Genius Sports Limited (NYSE:GENI – Get Free Report) has received a consensus rating of “Moderate Buy” from the nineteen ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $11.4412.
A number of research firms have weighed in on GENI. Needham & Company LLC raised their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Freedom Capital upgraded shares of Genius Sports to a “strong-buy” rating in a research note on Monday, July 20th. Oppenheimer increased their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Truist Financial reduced their price target on shares of Genius Sports from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Finally, BTIG Research boosted their price objective on shares of Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, August 6th.
Read Our Latest Stock Report on Genius Sports
Genius Sports Trading Down 3.3%
Genius Sports (NYSE:GENI – Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.21). The company 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 23.83%. Genius Sports’s revenue was up 64.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.21) earnings per share. As a group, equities analysts predict that Genius Sports will post -0.35 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Lexington Hill Partners LLC bought a new position in shares of Genius Sports during the second quarter valued at $64,000. Moody National Bank Trust Division boosted its position in shares of Genius Sports by 32.9% during the second quarter. Moody National Bank Trust Division now owns 589,959 shares of the company’s stock valued at $3,575,000 after buying an additional 146,044 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Genius Sports by 29.1% in the 1st quarter. Pacer Advisors Inc. now owns 15,270 shares of the company’s stock worth $68,000 after buying an additional 3,440 shares in the last quarter. Parallel Advisors LLC bought a new stake in Genius Sports in the 1st quarter worth about $25,000. Finally, Ritter Alpha LP purchased a new position in Genius Sports in the 1st quarter worth about $77,000. Hedge funds and other institutional investors 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.
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