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

Genius Sports Limited (NYSE:GENI) has received a consensus recommendation of “Moderate Buy” from the twenty research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $11.5556.

Several brokerages have commented on GENI. Roth Capital set a $10.00 target price on Genius Sports in a research note on Friday, May 8th. Wells Fargo & Company decreased their price target on Genius Sports from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft started coverage on Genius Sports in a report on Monday, May 11th. They set a “buy” rating and a $10.00 price target on the stock. BTIG Research dropped their price objective on Genius Sports from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Finally, Stifel Nicolaus lifted their price objective on Genius Sports from $5.00 to $7.00 and gave the stock a “hold” rating in a report on Wednesday.

Genius Sports Stock Performance

Shares of NYSE GENI opened at $6.36 on Friday. The firm’s 50 day moving average price is $6.05 and its 200-day moving average price is $6.20. The company has a market cap of $1.57 billion, a PE ratio of -10.42 and a beta of 1.91. Genius Sports has a 52-week low of $3.83 and a 52-week high of $13.73.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $170.60 million. During the same quarter in the previous year, the company earned ($0.03) EPS. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. On average, analysts forecast that Genius Sports will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of Genius Sports

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC bought a new position in Genius Sports during the first quarter valued at approximately $25,000. Baer Investment Advisory LLC bought a new stake in Genius Sports in the 1st quarter worth approximately $61,000. UMB Bank n.a. bought a new stake in Genius Sports in the 4th quarter worth approximately $63,000. Lexington Hill Partners LLC purchased a new stake in Genius Sports during the 2nd quarter valued at $64,000. Finally, Pacer Advisors Inc. raised its stake in Genius Sports by 29.1% during the 1st quarter. Pacer Advisors Inc. now owns 15,270 shares of the company’s stock valued at $68,000 after buying an additional 3,440 shares during the last quarter. 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.