Citigroup Cuts Genius Sports (NYSE:GENI) Price Target to $8.00

Genius Sports (NYSE:GENI) had its price objective reduced by Citigroup from $9.00 to $8.00 in a report released on Friday,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Genius Sports in a research report on Friday, March 27th. Northland Securities set a $12.00 price target on Genius Sports in a report on Friday, February 6th. Wells Fargo & Company dropped their price objective on Genius Sports from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. 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 research note on Thursday. Finally, UBS Group reissued a “buy” rating on shares of Genius Sports in a research note on Wednesday, March 4th. Three 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 given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $11.78.

Genius Sports Trading Down 0.1%

Shares of NYSE:GENI opened at $4.39 on Friday. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -7.20 and a beta of 1.80. Genius Sports has a 12-month low of $3.83 and a 12-month high of $13.73. The stock has a fifty day simple moving average of $4.83 and a two-hundred day simple moving average of $8.00.

Genius Sports (NYSE:GENI) last released 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 20.34% and a negative net margin of 22.26%.The business had revenue of $187.95 million during the quarter, compared to the consensus estimate of $170.60 million. During the same quarter in the previous year, the business posted ($0.03) earnings per share. Genius Sports’s quarterly revenue was up 30.5% compared to the same quarter last year.

Institutional Investors Weigh In On Genius Sports

Several hedge funds and other institutional investors have recently modified their holdings of GENI. Parallel Advisors LLC purchased a new position in Genius Sports during the 1st quarter worth $25,000. Baer Investment Advisory LLC acquired a new stake in shares of Genius Sports in the 1st quarter worth $61,000. UMB Bank n.a. acquired a new stake in shares of Genius Sports in the 4th quarter worth $63,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Genius Sports in the 3rd quarter worth $65,000. Finally, Strs Ohio boosted its position in shares of Genius Sports by 178.9% in the 3rd quarter. Strs Ohio now owns 5,300 shares of the company’s stock worth $66,000 after purchasing an additional 3,400 shares in the last quarter. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines 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

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.