Genius Sports (NYSE:GENI – Get Free Report) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.
Several other brokerages also recently commented on GENI. BTIG Research boosted their target price on Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Zacks Research cut Genius Sports from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Roth Capital reiterated a “buy” rating and issued a $12.00 price objective on shares of Genius Sports in a research report on Friday, August 7th. Needham & Company LLC boosted their price objective on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Genius Sports in a report on Monday, May 11th. They set a “buy” rating and a $10.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.44.
Check Out Our Latest Research Report on GENI
Genius Sports Stock Up 0.3%
Genius Sports (NYSE:GENI – Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.21). The firm 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%. The company’s revenue for the quarter was up 64.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.21) earnings per share. Equities research analysts anticipate that Genius Sports will post -0.35 EPS for the current fiscal year.
Institutional Trading of Genius Sports
Large investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in Genius Sports by 17.6% during the first quarter. Royal Bank of Canada now owns 44,339 shares of the company’s stock worth $444,000 after acquiring an additional 6,623 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of 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 acquiring an additional 1,388 shares in the last quarter. Prudential Financial Inc. bought a new stake in shares of Genius Sports in the second quarter worth about $266,000. Invesco Ltd. raised its position in shares of Genius Sports by 3,584.2% during the second quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock worth $34,233,000 after purchasing an additional 3,202,290 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new stake in shares of Genius Sports during the second quarter worth about $14,220,000. Institutional investors own 81.91% of the company’s stock.
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.
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