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

Shares of Genius Sports Limited (NYSE:GENI) have received a consensus recommendation of “Buy” from the ten ratings firms that are covering the stock, Marketbeat reports. Ten investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have covered the stock in the last year is $9.45.

Several brokerages have recently issued reports on GENI. Needham & Company LLC restated a “buy” rating and set a $9.00 price target on shares of Genius Sports in a research note on Tuesday, August 6th. Macquarie decreased their price target on shares of Genius Sports from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Thursday, July 18th. The Goldman Sachs Group raised their price target on shares of Genius Sports from $7.50 to $8.50 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Benchmark restated a “buy” rating and set a $10.00 price target on shares of Genius Sports in a research note on Thursday, September 26th. Finally, Citigroup began coverage on shares of Genius Sports in a research note on Thursday, June 13th. They set a “buy” rating and a $9.00 price target for the company.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GENI. Koss Olinger Consulting LLC bought a new position in Genius Sports in the 2nd quarter valued at $64,000. Vanguard Personalized Indexing Management LLC bought a new position in Genius Sports in the 2nd quarter valued at $67,000. Virtu Financial LLC bought a new position in Genius Sports in the 1st quarter valued at $94,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Genius Sports by 42.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,953 shares of the company’s stock valued at $98,000 after purchasing an additional 5,342 shares during the period. Finally, ProShare Advisors LLC bought a new position in Genius Sports in the 2nd quarter valued at $102,000. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Genius Sports Stock Performance

NYSE:GENI opened at $7.45 on Friday. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of -19.10 and a beta of 1.96. Genius Sports has a 52 week low of $4.62 and a 52 week high of $8.64. The firm has a 50-day moving average price of $7.39 and a two-hundred day moving average price of $6.15.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The firm had revenue of $95.50 million during the quarter, compared to analysts’ expectations of $94.15 million. Genius Sports had a negative net margin of 21.93% and a negative return on equity of 15.30%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) EPS. As a group, sell-side analysts forecast that Genius Sports will post -0.2 earnings per share for the current year.

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.