Genius Sports (NYSE:GENI) Now Covered by Analysts at B. Riley

B. Riley initiated coverage on shares of Genius Sports (NYSE:GENI) in a research report released on Tuesday morning. The brokerage issued a buy rating on the stock.

A number of other research firms have also issued reports on GENI. Citizens Jmp lowered shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Citigroup upped their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Needham & Company LLC set a $13.00 price objective on shares of Genius Sports in a research note on Wednesday, March 5th. Craig Hallum set a $15.00 price objective on shares of Genius Sports in a research note on Tuesday, March 4th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $11.00 price objective on shares of Genius Sports in a research note on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Genius Sports presently has a consensus rating of “Moderate Buy” and an average target price of $12.23.

Genius Sports Trading Down 1.2 %

Shares of NYSE:GENI opened at $9.37 on Tuesday. The company has a 50 day moving average of $9.10 and a 200-day moving average of $8.55. The firm has a market cap of $2.02 billion, a P/E ratio of -29.27 and a beta of 2.14. Genius Sports has a twelve month low of $4.91 and a twelve month high of $10.33.

Genius Sports (NYSE:GENI) last released its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm had revenue of $175.53 million for the quarter, compared to analyst estimates of $175.52 million. During the same quarter in the prior year, the firm earned ($0.10) EPS. Equities research analysts forecast that Genius Sports will post -0.1 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Perigon Wealth Management LLC acquired a new position in shares of Genius Sports during the 4th quarter worth $136,000. GSA Capital Partners LLP acquired a new position in Genius Sports in the 3rd quarter valued at $532,000. D.A. Davidson & CO. grew its stake in Genius Sports by 2.7% in the 4th quarter. D.A. Davidson & CO. now owns 53,608 shares of the company’s stock valued at $464,000 after buying an additional 1,396 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Genius Sports in the 4th quarter valued at $11,292,000. Finally, Senvest Management LLC grew its stake in Genius Sports by 12.2% in the 3rd quarter. Senvest Management LLC now owns 7,546,809 shares of the company’s stock valued at $59,167,000 after buying an additional 819,385 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

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.