Genius Sports (NYSE:GENI) Shares Gap Up – Still a Buy?

Genius Sports Limited (NYSE:GENI)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $4.40, but opened at $4.96. Genius Sports shares last traded at $4.3250, with a volume of 2,278,986 shares changing hands.

Key Stories Impacting Genius Sports

Here are the key news stories impacting Genius Sports this week:

• Positive Sentiment: Several analysts still see significant upside in Genius Sports, even after trimming price targets: Citi cut its target to $8, BTIG to $9, and Needham to $10, all while maintaining buy ratings. That suggests analysts still view the recent selloff as overdone relative to the company’s long-term potential.
• Positive Sentiment: Genius Sports raised its outlook and highlighted growth tied to prediction markets, which could become an additional revenue tailwind if that trend continues. Genius Sports Touts Prediction Market Growth, Raises Outlook
• Positive Sentiment: Investor interest is also being supported by bullish coverage framing Genius Sports as a beneficiary of the broader prediction-market boom, reinforcing the stock’s longer-term growth narrative. Kalshi vs. Polymarket? This Small-Cap Sports Data Stock Is the Surefire Winner Either Way.
• Neutral Sentiment: The company reported first-quarter revenue of $187.95 million, above expectations and up 30.5% year over year, but earnings missed estimates at a loss of $0.21 per share versus the expected $0.09 loss. The revenue beat is constructive, but the earnings miss likely kept sentiment mixed. Genius Sports quarterly earnings report

Analysts Set New Price Targets

GENI has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price objective on Genius Sports from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. Needham & Company LLC dropped 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. Roth Mkm set a $10.00 target price on Genius Sports in a research report on Friday. Wall Street Zen cut Genius Sports from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Oppenheimer dropped their target price on Genius Sports from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Thursday, March 5th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.78.

Genius Sports Stock Down 8.1%

The firm has a 50 day moving average price of $4.83 and a 200 day moving average price of $8.00. The stock has a market cap of $1.08 billion, a P/E ratio of -7.20 and a beta of 1.80.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.12). Genius Sports had a negative return on equity of 20.15% and a negative net margin of 22.26%.The company 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. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GENI. Parallel Advisors LLC bought a new position in shares of Genius Sports in the first quarter worth about $25,000. Baer Investment Advisory LLC bought a new stake in Genius Sports during the 1st quarter valued at approximately $61,000. UMB Bank n.a. bought a new stake in Genius Sports during the 4th quarter valued at approximately $63,000. Aster Capital Management DIFC Ltd bought a new stake in Genius Sports during the 3rd quarter valued at approximately $65,000. Finally, Strs Ohio raised its stake in Genius Sports by 178.9% during the 3rd quarter. Strs Ohio now owns 5,300 shares of the company’s stock valued at $66,000 after purchasing an additional 3,400 shares during the period. Institutional investors own 81.91% of the company’s stock.

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.