Genius Sports (NYSE:GENI) Now Covered by Guggenheim

Guggenheim assumed coverage on shares of Genius Sports (NYSE:GENI) in a research report report published on Tuesday morning, Marketbeat.com reports. The firm issued a buy rating and a $12.00 target price on the stock.

Other equities research analysts have also issued reports about the company. The Goldman Sachs Group upped their price target on Genius Sports from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. JMP Securities restated a “market outperform” rating and set a $11.00 price target on shares of Genius Sports in a research note on Monday, January 27th. Lake Street Capital upped their price target on Genius Sports from $10.50 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. B. Riley began coverage on Genius Sports in a research note on Tuesday. They issued a “buy” rating for the company. Finally, Citigroup increased their target price on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Genius Sports presently has an average rating of “Moderate Buy” and an average target price of $12.23.

Genius Sports Trading Down 1.2 %

Genius Sports stock opened at $9.37 on Tuesday. The firm has a market capitalization of $2.02 billion, a P/E ratio of -29.27 and a beta of 2.14. The stock has a fifty day moving average price of $9.10 and a 200 day moving average price of $8.55. Genius Sports has a 52 week low of $4.91 and a 52 week high of $10.33.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.16). The firm 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 prior year, the company earned ($0.10) earnings per share. As a group, equities analysts predict that Genius Sports will post -0.1 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Emerald Mutual Fund Advisers Trust purchased a new position in Genius Sports in the fourth quarter valued at about $58,000. Captrust Financial Advisors bought a new position in Genius Sports during the 3rd quarter worth approximately $84,000. Walleye Trading LLC lifted its holdings in Genius Sports by 169.9% during the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock worth $95,000 after buying an additional 29,555 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock worth $105,000 after buying an additional 3,429 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new position in Genius Sports during the 4th quarter worth approximately $129,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

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.