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

Shares of Genius Sports Limited (NYSE:GENI) have received an average recommendation of “Moderate Buy” from the nineteen brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen 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 $12.50.

GENI has been the topic of several analyst reports. Needham & Company LLC lowered their price objective on Genius Sports from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Wall Street Zen lowered Genius Sports from a “hold” rating to a “sell” rating in a research note on Saturday. Guggenheim lowered their price objective on Genius Sports from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. BTIG Research lowered their price objective on Genius Sports from $16.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Finally, Truist Financial lowered their price objective on Genius Sports from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st.

Genius Sports Trading Up 0.1%

GENI stock opened at $4.36 on Monday. Genius Sports has a 1-year low of $3.83 and a 1-year high of $13.73. The firm has a market cap of $1.07 billion, a P/E ratio of -10.13 and a beta of 1.80. The business’s 50 day moving average is $4.91 and its 200-day moving average is $8.16.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Thursday, March 5th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.10). Genius Sports had a negative net margin of 16.67% and a negative return on equity of 13.66%. The company had revenue of $240.50 million during the quarter, compared to the consensus estimate of $234.94 million. During the same quarter in the prior year, the company posted ($0.12) earnings per share. The company’s revenue for the quarter was up 37.0% on a year-over-year basis.

Institutional Investors Weigh In On Genius Sports

Large investors have recently bought and sold shares of the business. Baer Investment Advisory LLC bought a new stake in Genius Sports during the 1st quarter worth approximately $61,000. UMB Bank n.a. bought a new stake in Genius Sports during the 4th quarter worth approximately $63,000. Aster Capital Management DIFC Ltd bought a new stake in Genius Sports during the 3rd quarter worth approximately $65,000. Strs Ohio grew its position in Genius Sports by 178.9% during the 3rd quarter. Strs Ohio now owns 5,300 shares of the company’s stock worth $66,000 after acquiring an additional 3,400 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in Genius Sports by 1,163.1% during the 3rd quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock worth $87,000 after acquiring an additional 6,455 shares during the last quarter. 81.91% of the stock is currently 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.