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

Shares of Genius Sports Limited (NYSE:GENI) have been assigned an average rating of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $10.94.

A number of research firms have commented on GENI. B. Riley lifted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Macquarie increased their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group upped their target price on Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a report on Thursday, November 14th. JMP Securities reissued a “market perform” rating and issued a $11.00 price target on shares of Genius Sports in a report on Monday, January 6th. Finally, Citizens Jmp downgraded Genius Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th.

Genius Sports Stock Performance

Shares of Genius Sports stock opened at $8.59 on Tuesday. Genius Sports has a 1 year low of $4.91 and a 1 year high of $10.33. The firm’s 50-day simple moving average is $8.99 and its 200-day simple moving average is $7.71. The firm has a market cap of $1.97 billion, a PE ratio of -26.84 and a beta of 2.12.

Genius Sports (NYSE:GENI) last released its earnings results on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. The company had revenue of $120.20 million for the quarter, compared to the consensus estimate of $118.94 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. Genius Sports’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) EPS. On average, equities analysts predict that Genius Sports will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. FMR LLC grew its position in Genius Sports by 53.2% in the 3rd quarter. FMR LLC now owns 7,219,874 shares of the company’s stock valued at $56,604,000 after buying an additional 2,507,165 shares in the last quarter. Divisadero Street Capital Management LP bought a new position in shares of Genius Sports in the second quarter valued at approximately $11,233,000. Massachusetts Financial Services Co. MA increased its stake in shares of Genius Sports by 28.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,828,803 shares of the company’s stock valued at $37,217,000 after acquiring an additional 1,502,958 shares during the period. Bank of Montreal Can bought a new stake in Genius Sports during the second quarter worth approximately $6,575,000. Finally, AYAL Capital Advisors Ltd acquired a new stake in Genius Sports in the second quarter worth approximately $4,635,000. 81.91% of the stock is owned by institutional investors and hedge funds.

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.