Genius Sports (NYSE:GENI) Issues Quarterly Earnings Results

Genius Sports (NYSE:GENI) issued its quarterly earnings results on Tuesday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.18), Zacks reports. Genius Sports had a negative net margin of 13.94% and a negative return on equity of 11.48%. Genius Sports updated its FY 2025 guidance to EPS.

Genius Sports Stock Performance

Shares of Genius Sports stock traded up $0.22 on Tuesday, reaching $11.29. 4,039,659 shares of the stock were exchanged, compared to its average volume of 4,456,003. The firm’s 50 day moving average is $12.31 and its 200-day moving average is $11.24. Genius Sports has a one year low of $6.72 and a one year high of $13.73. The firm has a market cap of $2.43 billion, a PE ratio of -36.31 and a beta of 1.85.

Hedge Funds Weigh In On Genius Sports

A number of institutional investors have recently added to or reduced their stakes in GENI. Royal Bank of Canada increased its position in Genius Sports by 17.6% during the 1st quarter. Royal Bank of Canada now owns 44,339 shares of the company’s stock worth $444,000 after purchasing an additional 6,623 shares in the last quarter. Cetera Investment Advisers increased its position in Genius Sports by 10.0% during the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after purchasing an additional 1,388 shares in the last quarter. Prudential Financial Inc. acquired a new position in Genius Sports in the 2nd quarter valued at approximately $266,000. Invesco Ltd. increased its position in Genius Sports by 3,584.2% in the 2nd quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock valued at $34,233,000 after acquiring an additional 3,202,290 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new position in Genius Sports in the 2nd quarter valued at approximately $14,220,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GENI. Benchmark boosted their price objective on shares of Genius Sports from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. UBS Group boosted their price objective on shares of Genius Sports from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Weiss Ratings restated a “sell (d)” rating on shares of Genius Sports in a research note on Tuesday, October 14th. Northland Capmk upgraded shares of Genius Sports to a “strong-buy” rating in a research note on Friday, July 25th. Finally, Guggenheim set a $16.00 target price on shares of Genius Sports and gave the stock a “buy” rating in a report on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.22.

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.