FY2024 EPS Estimates for Genius Sports Reduced by B. Riley

Genius Sports Limited (NYSE:GENI) – Equities research analysts at B. Riley reduced their FY2024 earnings per share estimates for shares of Genius Sports in a research report issued on Wednesday, November 13th. B. Riley analyst D. Bain now anticipates that the company will post earnings per share of ($0.21) for the year, down from their prior estimate of ($0.20). B. Riley has a “Buy” rating and a $12.00 price objective on the stock. The consensus estimate for Genius Sports’ current full-year earnings is ($0.16) per share. B. Riley also issued estimates for Genius Sports’ Q1 2025 earnings at ($0.07) EPS, Q3 2025 earnings at $0.00 EPS and FY2025 earnings at ($0.04) EPS.

GENI has been the subject of several other reports. Macquarie raised their price objective on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Oppenheimer increased their price target on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group lifted their price target on Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research note on Thursday. Benchmark upped their price objective on shares of Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $9.00 target price on shares of Genius Sports in a research report on Tuesday, November 12th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $10.39.

Genius Sports Price Performance

NYSE GENI opened at $9.11 on Monday. The company has a market capitalization of $2.09 billion, a P/E ratio of -28.47 and a beta of 1.98. Genius Sports has a 12 month low of $4.91 and a 12 month high of $10.15. The company’s 50 day simple moving average is $7.66 and its 200 day simple moving average is $6.61.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.06. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $118.94 million. During the same period in the previous year, the business earned ($0.06) earnings per share. Genius Sports’s revenue for the quarter was up 18.2% compared to the same quarter last year.

Institutional Trading of Genius Sports

Large investors have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in shares of Genius Sports by 2.9% in the third quarter. Wellington Management Group LLP now owns 8,292,521 shares of the company’s stock valued at $65,013,000 after buying an additional 230,209 shares during the period. Senvest Management LLC boosted its stake in Genius Sports by 12.2% during the third quarter. Senvest Management LLC now owns 7,546,809 shares of the company’s stock worth $59,167,000 after buying an additional 819,385 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Genius Sports by 10.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,520,342 shares of the company’s stock valued at $58,959,000 after buying an additional 691,539 shares during the period. FMR LLC raised its stake in shares of Genius Sports by 53.2% in the 3rd quarter. FMR LLC now owns 7,219,874 shares of the company’s stock valued at $56,604,000 after buying an additional 2,507,165 shares in the last quarter. Finally, Portolan Capital Management LLC lifted its holdings in shares of Genius Sports by 9.4% during the 3rd quarter. Portolan Capital Management LLC now owns 3,170,891 shares of the company’s stock worth $24,860,000 after acquiring an additional 272,545 shares during the period. Institutional investors 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.