Genius Sports Limited (NYSE:GENI) Receives Average Rating of “Moderate Buy” from Analysts

Genius Sports Limited (NYSE:GENI) has been given an average recommendation of “Moderate Buy” by the nineteen analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, fourteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $11.5556.

Several brokerages have commented on GENI. Wells Fargo & Company lowered their price objective on shares of Genius Sports from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Monday, July 20th. Citigroup reduced their target price on Genius Sports from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Needham & Company LLC decreased their price target on Genius Sports from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Freedom Capital raised Genius Sports to a “strong-buy” rating in a report on Monday, July 20th. Finally, B. Riley Financial restated a “buy” rating on shares of Genius Sports in a research report on Friday, May 8th.

Genius Sports Trading Up 1.5%

Shares of NYSE:GENI opened at $6.53 on Friday. The firm has a 50 day moving average of $6.14 and a 200-day moving average of $6.18. The stock has a market capitalization of $1.61 billion, a PE ratio of -10.70 and a beta of 1.91. Genius Sports has a 12 month low of $3.83 and a 12 month high of $13.73.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). The firm had revenue of $187.95 million for the quarter, compared to the consensus estimate of $170.60 million. Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.The business’s revenue was up 30.5% on a year-over-year basis. During the same period last year, the company posted ($0.03) EPS. On average, research analysts predict that Genius Sports will post -0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC acquired a new stake in shares of Genius Sports in the 1st quarter valued at approximately $25,000. Baer Investment Advisory LLC acquired a new position in Genius Sports during the 1st quarter worth approximately $61,000. UMB Bank n.a. bought a new position in Genius Sports in the 4th quarter valued at approximately $63,000. Lexington Hill Partners LLC bought a new position in Genius Sports in the 2nd quarter valued at approximately $64,000. Finally, Pacer Advisors Inc. boosted its position in Genius Sports by 29.1% in the first quarter. Pacer Advisors Inc. now owns 15,270 shares of the company’s stock valued at $68,000 after buying an additional 3,440 shares in the last quarter. Institutional investors own 81.91% of the company’s stock.

About Genius Sports

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.