Recent Investment Analysts’ Ratings Changes for Genius Sports (GENI)

Genius Sports (NYSE: GENI) recently received a number of ratings updates from brokerages and research firms:

• 11/14/2024 – Genius Sports had its price target raised by analysts at The Goldman Sachs Group, Inc. from $8.50 to $11.50. They now have a “buy” rating on the stock.
• 11/13/2024 – Genius Sports had its price target raised by analysts at Macquarie from $10.00 to $12.00. They now have an “outperform” rating on the stock.
• 11/13/2024 – Genius Sports had its price target raised by analysts at Oppenheimer Holdings Inc. from $10.00 to $12.00. They now have an “outperform” rating on the stock.
• 11/13/2024 – Genius Sports had its price target raised by analysts at B. Riley from $10.00 to $12.00. They now have a “buy” rating on the stock.
• 11/13/2024 – Genius Sports had its price target raised by analysts at Benchmark Co. from $10.00 to $11.00. They now have a “buy” rating on the stock.
• 11/12/2024 – Genius Sports had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $9.00 price target on the stock.
• 10/11/2024 – Genius Sports had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $10.00 price target on the stock.
• 9/26/2024 – Genius Sports had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $10.00 price target on the stock.

Genius Sports Stock Performance

Shares of Genius Sports stock opened at $8.92 on Friday. The firm has a 50-day moving average of $7.77 and a 200-day moving average of $6.69. The stock has a market cap of $2.05 billion, a PE ratio of -27.88 and a beta of 1.98. Genius Sports Limited has a 52-week low of $4.91 and a 52-week high of $10.15.

Genius Sports (NYSE:GENI) last announced its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. The company had revenue of $120.20 million during the quarter, compared to analysts’ expectations of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. Genius Sports’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.06) earnings per share. Equities research analysts predict that Genius Sports Limited will post -0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Koss Olinger Consulting LLC acquired a new position in Genius Sports in the second quarter valued at about $64,000. Vanguard Personalized Indexing Management LLC acquired a new position in Genius Sports in the second quarter valued at about $67,000. Sound Income Strategies LLC acquired a new position in Genius Sports in the third quarter valued at about $78,000. Arkadios Wealth Advisors acquired a new position in Genius Sports during the third quarter worth about $79,000. Finally, Captrust Financial Advisors acquired a new position in Genius Sports during the third quarter worth about $84,000. Institutional investors and hedge funds own 81.91% of the company’s stock.

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.