Genius Sports (NYSE:GENI) Upgraded at Roth Capital

Genius Sports (NYSE:GENI) was upgraded by equities researchers at Roth Capital to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

A number of other research analysts also recently issued reports on GENI. Truist Financial assumed coverage on Genius Sports in a research note on Tuesday, July 1st. They set a “buy” rating and a $14.00 price target on the stock. Citigroup restated an “outperform” rating on shares of Genius Sports in a research report on Wednesday, September 3rd. Guggenheim set a $16.00 target price on shares of Genius Sports and gave the company a “buy” rating in a report on Thursday, August 7th. Arete began coverage on shares of Genius Sports in a research note on Wednesday, July 9th. They set a “buy” rating and a $15.00 price target for the company. Finally, Northland Securities initiated coverage on shares of Genius Sports in a research note on Friday, July 25th. They issued an “outperform” rating and a $14.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $14.22.

Genius Sports Price Performance

Shares of NYSE:GENI opened at $12.50 on Thursday. Genius Sports has a 12 month low of $6.72 and a 12 month high of $13.73. The firm has a market capitalization of $2.69 billion, a P/E ratio of -40.31 and a beta of 1.87. The company’s fifty day moving average price is $11.91 and its 200 day moving average price is $10.59.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.17). Genius Sports had a negative net margin of 13.94% and a negative return on equity of 11.48%. The company had revenue of $118.72 million during the quarter, compared to analyst estimates of $118.28 million. During the same quarter in the prior year, the company earned ($0.09) EPS. The business’s revenue was up 24.4% on a year-over-year basis. On average, sell-side analysts anticipate that Genius Sports will post -0.1 EPS for the current year.

Hedge Funds Weigh In On Genius Sports

Large investors have recently bought and sold shares of the company. Greenwood Capital Associates LLC boosted its holdings in shares of Genius Sports by 1.8% in the second quarter. Greenwood Capital Associates LLC now owns 52,692 shares of the company’s stock valued at $548,000 after acquiring an additional 937 shares in the last quarter. Victory Capital Management Inc. lifted its position in Genius Sports by 4.6% in the first quarter. Victory Capital Management Inc. now owns 24,854 shares of the company’s stock valued at $249,000 after purchasing an additional 1,085 shares during the period. Cetera Investment Advisers boosted its holdings in Genius Sports by 10.0% in the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after purchasing an additional 1,388 shares in the last quarter. Pacer Advisors Inc. increased its position in Genius Sports by 61.5% during the 1st quarter. Pacer Advisors Inc. now owns 3,754 shares of the company’s stock worth $38,000 after purchasing an additional 1,430 shares during the period. Finally, SkyView Investment Advisors LLC increased its position in Genius Sports by 2.0% during the 2nd quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock worth $802,000 after purchasing an additional 1,512 shares during the period. Hedge funds and other institutional investors own 81.91% of the company’s stock.

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.