Genius Sports (NYSE:GENI) Stock Rating Upgraded by Wall Street Zen

Genius Sports (NYSE:GENI) was upgraded by equities research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday.

Several other research firms have also recently issued reports on GENI. Roth Capital set a $10.00 target price on Genius Sports in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Genius Sports in a research report on Monday, May 11th. They set a “buy” rating and a $10.00 price target for the company. BTIG Research dropped their price objective on Genius Sports from $10.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Needham & Company LLC cut their price objective on Genius Sports from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Stifel Nicolaus reduced their target price on Genius Sports from $7.00 to $5.00 and set a “hold” rating on the stock in a research note on Thursday, April 9th. Two 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 issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.50.

Genius Sports Stock Up 0.1%

NYSE:GENI opened at $6.31 on Friday. The company has a fifty day moving average of $5.91 and a 200 day moving average of $6.30. Genius Sports has a 52 week low of $3.83 and a 52 week high of $13.73. The firm has a market capitalization of $1.55 billion, a P/E ratio of -10.34 and a beta of 1.91.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.The firm had revenue of $187.95 million during the quarter, compared to the consensus estimate of $170.60 million. During the same period last year, the business earned ($0.03) EPS. Genius Sports’s revenue was up 30.5% on a year-over-year basis. As a group, analysts anticipate that Genius Sports will post -0.12 EPS for the current year.

Hedge Funds Weigh In On Genius Sports

A number of institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC bought a new stake in Genius Sports during the 1st quarter valued at approximately $25,000. Baer Investment Advisory LLC purchased a new position in shares of Genius Sports during the 1st quarter worth approximately $61,000. UMB Bank n.a. bought a new position in shares of Genius Sports in the 4th quarter worth approximately $63,000. Lexington Hill Partners LLC bought a new position in shares of Genius Sports in the 2nd quarter worth approximately $64,000. Finally, Pacer Advisors Inc. raised its position in shares of 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 acquiring an additional 3,440 shares in the last quarter. 81.91% of the stock is owned by institutional investors.

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.