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

Genius Sports Limited (NYSE:GENI) has earned an average rating of “Buy” from the ten research firms that are covering the stock, MarketBeat.com reports. Ten investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $9.25.

Several equities research analysts have recently commented on GENI shares. B. Riley started coverage on shares of Genius Sports in a research report on Friday, April 5th. They set a “buy” rating and a $9.00 price target for the company. The Goldman Sachs Group started coverage on shares of Genius Sports in a research report on Tuesday. They set a “buy” rating and a $7.50 price target for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $8.00 price target on shares of Genius Sports in a research report on Monday, February 26th. Oppenheimer restated an “outperform” rating and set a $10.00 price objective on shares of Genius Sports in a report on Thursday, April 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $9.00 price objective on shares of Genius Sports in a report on Wednesday, March 6th.

Institutional Trading of Genius Sports

Institutional investors have recently made changes to their positions in the business. Voss Capital LLC bought a new stake in shares of Genius Sports in the fourth quarter worth $3,244,000. Wellington Management Group LLP raised its position in Genius Sports by 2,189.3% during the third quarter. Wellington Management Group LLP now owns 1,504,922 shares of the company’s stock worth $8,021,000 after acquiring an additional 1,439,184 shares in the last quarter. ARK Investment Management LLC raised its position in Genius Sports by 9.9% during the fourth quarter. ARK Investment Management LLC now owns 6,914,013 shares of the company’s stock worth $42,729,000 after acquiring an additional 620,472 shares in the last quarter. Trexquant Investment LP bought a new stake in Genius Sports during the third quarter worth $1,366,000. Finally, Essex Investment Management Co. LLC bought a new stake in Genius Sports during the third quarter worth $1,093,000. Institutional investors own 81.91% of the company’s stock.

Genius Sports Trading Down 2.9 %

GENI opened at $5.12 on Friday. The stock has a market capitalization of $1.19 billion, a PE ratio of -12.79 and a beta of 1.96. Genius Sports has a 1-year low of $3.55 and a 1-year high of $8.45. The firm has a 50-day moving average price of $6.24 and a two-hundred day moving average price of $5.87.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Wednesday, March 6th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.10). Genius Sports had a negative net margin of 20.71% and a negative return on equity of 12.67%. The company had revenue of $127.20 million during the quarter, compared to analyst estimates of $126.53 million. During the same quarter in the previous year, the business posted ($0.18) EPS. The company’s revenue was up 20.8% compared to the same quarter last year. On average, research analysts predict that Genius Sports will post -0.13 EPS for the current year.

About Genius Sports

Genius Sports Limited engages in the development and sale of technology-led products and services to the sports, sports betting, and sports media industries. It offers technology infrastructure for the collection, integration, and distribution of live data of sports leagues; streaming solutions comprising technology, automatic production, and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as a full suite of online and offline educational and consultancy services.