Genius Sports Limited (NYSE:GENI – Get Free Report)’s share price was up 8.9% during trading on Monday . The company traded as high as $6.34 and last traded at $6.4550. Approximately 648,691 shares changed hands during trading, a decline of 90% from the average daily volume of 6,219,253 shares. The stock had previously closed at $5.93.
Analyst Ratings Changes
A number of equities analysts have commented on GENI shares. UBS Group restated a “buy” rating on shares of Genius Sports in a research note on Wednesday, March 4th. B. Riley Financial reaffirmed a “buy” rating on shares of Genius Sports in a report on Friday, May 8th. Wall Street Zen downgraded Genius Sports from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Truist Financial reduced their target price on Genius Sports from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Genius Sports in a report on Friday, March 27th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.68.
View Our Latest Analysis on GENI
Genius Sports Stock Performance
Genius Sports (NYSE:GENI – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.12). Genius Sports had a negative net margin of 22.26% and a negative return on equity of 20.34%. The firm had revenue of $187.95 million for the quarter, compared to analyst estimates of $170.60 million. During the same period last year, the business earned ($0.03) EPS. The company’s revenue was up 30.5% compared to the same quarter last year. Equities analysts expect that Genius Sports Limited will post -0.12 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Genius Sports
Several hedge funds have recently modified their holdings of the company. Prelude Capital Management LLC boosted its holdings in shares of Genius Sports by 1.3% during the 3rd quarter. Prelude Capital Management LLC now owns 92,529 shares of the company’s stock valued at $1,146,000 after acquiring an additional 1,181 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Genius Sports by 10.0% during the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after acquiring an additional 1,388 shares in the last quarter. SkyView Investment Advisors LLC boosted its holdings in shares of Genius Sports by 2.0% during the 2nd quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock valued at $802,000 after acquiring an additional 1,512 shares in the last quarter. Main Management ETF Advisors LLC boosted its holdings in shares of Genius Sports by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 163,647 shares of the company’s stock valued at $1,803,000 after acquiring an additional 1,672 shares in the last quarter. Finally, First Dallas Securities Inc. boosted its holdings in shares of Genius Sports by 3.0% during the 4th quarter. First Dallas Securities Inc. now owns 68,500 shares of the company’s stock valued at $755,000 after acquiring an additional 2,000 shares in the last quarter. 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.
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