Genius Sports (NYSE:GENI) Issues Quarterly Earnings Results

Genius Sports (NYSE:GENI) posted its quarterly earnings results on Tuesday. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16), RTT News reports. The business had revenue of $175.53 million for the quarter, compared to analyst estimates of $175.52 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. Genius Sports updated its FY 2025 guidance to EPS.

Genius Sports Stock Up 11.6 %

Shares of GENI stock opened at $9.29 on Wednesday. The business has a 50-day moving average price of $8.97 and a two-hundred day moving average price of $8.42. Genius Sports has a 12-month low of $4.91 and a 12-month high of $10.33. The firm has a market cap of $2.00 billion, a P/E ratio of -29.03 and a beta of 2.15.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Oppenheimer upped their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. B. Riley upped their target price on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Macquarie lifted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Citigroup upped 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 27th. Finally, The Goldman Sachs Group boosted their price objective on Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.69.

Genius Sports Company Profile

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.