Genius Sports’ (GENI) “Equal Weight” Rating Reaffirmed at Wells Fargo & Company

Wells Fargo & Company reaffirmed their equal weight rating on shares of Genius Sports (NYSE:GENI) in a report published on Friday, MarketBeat reports. Wells Fargo & Company currently has a $8.00 price target on the stock.

GENI has been the subject of a number of other reports. Weiss Ratings upgraded Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday. Truist Financial reduced their price objective on shares of Genius Sports from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Wall Street Zen upgraded shares of Genius Sports from a “strong sell” rating to a “sell” rating in a research note on Monday, August 3rd. Guggenheim boosted their target price on shares of Genius Sports from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Oppenheimer increased their target price on shares of Genius Sports from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.44.

Genius Sports Price Performance

Shares of Genius Sports stock opened at $7.62 on Friday. The firm has a market capitalization of $1.88 billion, a P/E ratio of -11.21 and a beta of 1.90. Genius Sports has a fifty-two week low of $3.83 and a fifty-two week high of $13.73. The company’s 50 day moving average price is $6.57 and its two-hundred day moving average price is $5.97.

Genius Sports (NYSE:GENI) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.21). Genius Sports had a negative net margin of 22.99% and a negative return on equity of 23.58%. The business had revenue of $195.50 million for the quarter, compared to the consensus estimate of $184.43 million. During the same period in the previous year, the business posted ($0.21) EPS. Genius Sports’s revenue was up 64.7% on a year-over-year basis. On average, analysts expect that Genius Sports will post -0.12 earnings per share for the current year.

Hedge Funds Weigh In On Genius Sports

A number of large investors have recently modified their holdings of the company. Lexington Hill Partners LLC acquired a new stake in Genius Sports in the 2nd quarter valued at $64,000. Moody National Bank Trust Division lifted its position in shares of Genius Sports by 32.9% during the second quarter. Moody National Bank Trust Division now owns 589,959 shares of the company’s stock valued at $3,575,000 after purchasing an additional 146,044 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Genius Sports by 29.1% during the first quarter. Pacer Advisors Inc. now owns 15,270 shares of the company’s stock worth $68,000 after purchasing an additional 3,440 shares during the last quarter. Parallel Advisors LLC purchased a new position in Genius Sports during the first quarter worth about $25,000. Finally, Ritter Alpha LP bought a new stake in Genius Sports in the 1st quarter worth about $77,000. 81.91% of the stock is currently owned by institutional investors.

Key Stories Impacting Genius Sports

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

• Positive Sentiment: Revenue and outlook beat expectations: Second-quarter revenue rose 64.7% year over year to $195.5 million, exceeding the $184.4 million consensus estimate. Genius Sports also raised its full-year revenue outlook to approximately $1 billion, reinforcing expectations for continued growth. Genius Sports raises revenue guidance after strong Q2
• Positive Sentiment: Expansion into prediction markets: Partnerships with Kalshi and Polymarket will allow Genius Sports to provide official sports data, media capabilities, and integrity services. The deals could open an additional growth channel beyond traditional sportsbook customers. Genius Sports enters prediction markets with Polymarket and Kalshi partnerships
• Positive Sentiment: Media and advertising opportunity: Management is using real-time sports data to help advertisers adjust campaigns during live games, signaling a shift toward higher-value media and advertising services. Genius Sports’ media surge shows shift beyond sportsbook data
• Positive Sentiment: Analyst support strengthened: BTIG raised its price target to $10 from $9 and maintained a “buy” rating, while Oppenheimer increased its target to $12 from $10 and upgraded the stock to “outperform.”
• Neutral Sentiment: Wells Fargo reaffirmed its “equal weight” rating and set an $8 price target, indicating limited near-term upside in its base case.
• Negative Sentiment: Profitability remains a concern: Genius Sports reported a quarterly loss of $0.28 per share, substantially worse than the $0.07 loss analysts expected and wider than the $0.21 loss a year earlier. The company continues to report negative net margins and return on equity. Genius Sports Limited reports Q2 loss and tops revenue estimates

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.