Genius Sports (NYSE:GENI) Given Outperform Rating at Macquarie

Genius Sports (NYSE:GENI)‘s stock had its “outperform” rating reaffirmed by Macquarie in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $15.00 price objective on the stock. Macquarie’s price target indicates a potential upside of 36.12% from the company’s previous close.

A number of other equities analysts have also weighed in on GENI. Arete Research raised shares of Genius Sports to a “strong-buy” rating in a research report on Wednesday, July 9th. The Goldman Sachs Group raised their price objective on Genius Sports from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Genius Sports in a research report on Tuesday. Northland Securities assumed coverage on Genius Sports in a research report on Friday, July 25th. They set an “outperform” rating and a $14.00 target price on the stock. Finally, Benchmark raised their price target on Genius Sports from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.22.

Genius Sports Stock Down 2.0%

NYSE:GENI traded down $0.23 on Wednesday, reaching $11.02. 6,286,531 shares of the company’s stock were exchanged, compared to its average volume of 4,481,164. The business has a fifty day moving average of $12.28 and a 200-day moving average of $11.24. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of -35.55 and a beta of 1.84. Genius Sports has a 52-week low of $7.07 and a 52-week high of $13.73.

Genius Sports (NYSE:GENI) last announced its earnings results on Tuesday, November 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). The firm had revenue of $166.28 million during the quarter, compared to analyst estimates of $156.24 million. Genius Sports had a negative net margin of 13.94% and a negative return on equity of 11.48%. Genius Sports has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Genius Sports will post -0.1 earnings per share for the current year.

Hedge Funds Weigh In On Genius Sports

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Alpha Capital Management Ltd. bought a new stake in shares of Genius Sports in the 2nd quarter worth approximately $43,552,000. Invesco Ltd. raised its stake in shares of Genius Sports by 3,584.2% in the second quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock valued at $34,233,000 after purchasing an additional 3,202,290 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in Genius Sports in the first quarter worth $28,280,000. Geode Capital Management LLC acquired a new stake in Genius Sports during the second quarter worth $27,312,000. Finally, Millennium Management LLC increased its holdings in Genius Sports by 1,579.0% in the 1st quarter. Millennium Management LLC now owns 2,766,206 shares of the company’s stock valued at $27,690,000 after buying an additional 2,601,453 shares during the period. Institutional investors and hedge funds 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.