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

Genius Sports Limited (NYSE:GENI) has received a consensus recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $11.4412.

A number of research firms have weighed in on GENI. Guggenheim lifted their price objective on Genius Sports from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft began coverage on Genius Sports in a research note on Monday, May 11th. They issued a “buy” rating and a $10.00 target price on the stock. B. Riley Financial reaffirmed a “buy” rating on shares of Genius Sports in a report on Friday, May 8th. Freedom Capital upgraded Genius Sports to a “strong-buy” rating in a research report on Monday, July 20th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $10.50 price target on shares of Genius Sports in a report on Friday.

Hedge Funds Weigh In On Genius Sports

Large investors have recently made changes to their positions in the company. Parallel Advisors LLC purchased a new stake in Genius Sports during the first quarter worth $25,000. UMB Bank n.a. purchased a new position in Genius Sports in the fourth quarter valued at $63,000. Lexington Hill Partners LLC acquired a new position in shares of Genius Sports in the second quarter worth about $64,000. Osaic Holdings Inc. raised its position in shares of Genius Sports by 72.6% in the second quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock worth $111,000 after acquiring an additional 4,477 shares during the period. Finally, Orion Porfolio Solutions LLC purchased a new stake in shares of Genius Sports during the 2nd quarter worth about $112,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports Trading Up 2.4%

Shares of Genius Sports stock opened at $7.74 on Wednesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a fifty day moving average price of $6.63 and a 200 day moving average price of $5.92. Genius Sports has a 1 year low of $3.83 and a 1 year high of $13.73. The stock has a market cap of $1.91 billion, a PE ratio of -11.38 and a beta of 1.90.

Genius Sports (NYSE:GENI) last posted its earnings results on Thursday, August 6th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.21). Genius Sports had a negative net margin of 22.99% and a negative return on equity of 23.83%. The business had revenue of $195.50 million for the quarter, compared to analyst estimates of $184.43 million. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. The company’s revenue for the quarter was up 64.7% on a year-over-year basis. Equities research analysts predict that Genius Sports will post -0.34 earnings per share for the current year.

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.