Genius Sports (NYSE:GENI) Now Covered by Analysts at B. Riley

Research analysts at B. Riley started coverage on shares of Genius Sports (NYSE:GENI) in a research report issued on Tuesday. The brokerage set a “buy” rating on the stock.

Several other research analysts have also recently issued reports on GENI. Citigroup lifted their target price on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Benchmark lifted their target price on Genius Sports from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. JMP Securities reiterated a “market outperform” rating and set a $11.00 price target on shares of Genius Sports in a report on Monday, January 27th. Citizens Jmp lowered Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, Lake Street Capital lifted their price target on Genius Sports from $10.50 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.25.

Genius Sports Stock Performance

Shares of Genius Sports stock opened at $9.47 on Tuesday. Genius Sports has a 52 week low of $4.91 and a 52 week high of $10.33. The stock has a 50 day moving average price of $9.09 and a two-hundred day moving average price of $8.53. The stock has a market capitalization of $2.04 billion, a PE ratio of -29.58 and a beta of 2.14.

Genius Sports (NYSE:GENI) last announced its earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.16). The company had revenue of $175.53 million for the quarter, compared to analysts’ expectations of $175.52 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. During the same period in the previous year, the firm earned ($0.10) EPS. Research analysts forecast that Genius Sports will post -0.1 EPS for the current year.

Institutional Trading of Genius Sports

Several hedge funds have recently made changes to their positions in the company. D.A. Davidson & CO. raised its stake in shares of Genius Sports by 2.7% in the fourth quarter. D.A. Davidson & CO. now owns 53,608 shares of the company’s stock valued at $464,000 after buying an additional 1,396 shares during the period. ProShare Advisors LLC raised its stake in shares of Genius Sports by 19.4% during the 4th quarter. ProShare Advisors LLC now owns 17,132 shares of the company’s stock valued at $148,000 after purchasing an additional 2,787 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock valued at $105,000 after purchasing an additional 3,429 shares during the period. State of Wyoming raised its stake in shares of Genius Sports by 8.3% during the 4th quarter. State of Wyoming now owns 45,630 shares of the company’s stock valued at $395,000 after purchasing an additional 3,495 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Genius Sports by 27.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company’s stock valued at $143,000 after purchasing an additional 3,548 shares during the period. 81.91% of the stock is currently owned by institutional investors.

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.