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

Shares of Genius Sports Limited (NYSE:GENI) have been assigned an average rating of “Moderate Buy” from the twenty ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, fourteen have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $11.6842.

Several analysts recently issued reports on the stock. Stifel Nicolaus cut their price target on shares of Genius Sports from $7.00 to $5.00 and set a “hold” rating on the stock in a report on Thursday, April 9th. Wells Fargo & Company cut their price target on shares of Genius Sports from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Weiss Ratings raised shares of Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday. Benchmark reaffirmed a “buy” rating on shares of Genius Sports in a report on Thursday, March 5th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genius Sports in a report on Monday, May 11th. They issued a “buy” rating and a $10.00 price target on the stock.

Genius Sports Trading Up 14.1%

NYSE GENI opened at $6.21 on Tuesday. The company’s fifty day simple moving average is $5.36 and its 200-day simple moving average is $6.80. Genius Sports has a 52 week low of $3.83 and a 52 week high of $13.73. The stock has a market cap of $1.53 billion, a P/E ratio of -10.17 and a beta of 1.90.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.12). The company had revenue of $187.95 million during the quarter, compared to analyst estimates of $170.60 million. Genius Sports had a negative net margin of 22.26% and a negative return on equity of 20.34%. The company’s revenue was up 30.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.03) earnings per share. On average, research analysts expect that Genius Sports will post -0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Senvest Management LLC boosted its holdings in shares of Genius Sports by 45.1% in the 1st quarter. Senvest Management LLC now owns 13,653,724 shares of the company’s stock valued at $60,486,000 after buying an additional 4,243,157 shares during the period. Wellington Management Group LLP grew its holdings in shares of Genius Sports by 17.9% during the third quarter. Wellington Management Group LLP now owns 13,513,537 shares of the company’s stock valued at $167,298,000 after purchasing an additional 2,051,503 shares during the last quarter. Voss Capital LP grew its holdings in shares of Genius Sports by 35.4% during the fourth quarter. Voss Capital LP now owns 11,100,000 shares of the company’s stock valued at $122,322,000 after purchasing an additional 2,900,000 shares during the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of Genius Sports by 35.1% during the first quarter. Stephens Investment Management Group LLC now owns 7,598,359 shares of the company’s stock valued at $33,661,000 after purchasing an additional 1,974,043 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in shares of Genius Sports by 1.7% during the fourth quarter. Westfield Capital Management Co. LP now owns 5,951,203 shares of the company’s stock valued at $65,582,000 after purchasing an additional 101,120 shares during the last quarter. 81.91% of the stock is owned by institutional investors and hedge funds.

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.