Genius Sports (NYSE:GENI) Now Covered by The Goldman Sachs Group

Equities research analysts at The Goldman Sachs Group started coverage on shares of Genius Sports (NYSE:GENI) in a report released on Tuesday, Marketbeat.com reports. The firm set a “buy” rating and a $7.50 price target on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 42.31% from the company’s previous close.

A number of other equities analysts have also issued reports on GENI. Oppenheimer reaffirmed an “outperform” rating and set a $10.00 target price on shares of Genius Sports in a research report on Thursday, April 4th. Needham & Company LLC reissued a “buy” rating and issued a $9.00 price target on shares of Genius Sports in a report on Wednesday, March 6th. Macquarie began coverage on shares of Genius Sports in a report on Thursday, December 21st. They issued an “outperform” rating and a $11.00 price target on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $8.00 price target on shares of Genius Sports in a report on Monday, February 26th. Finally, JMP Securities reissued a “market outperform” rating and issued a $8.00 price target on shares of Genius Sports in a report on Thursday, March 7th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, Genius Sports has a consensus rating of “Buy” and an average target price of $9.25.

Genius Sports Trading Up 2.9 %

Shares of GENI stock opened at $5.27 on Tuesday. Genius Sports has a 1 year low of $3.55 and a 1 year high of $8.45. The firm’s fifty day simple moving average is $6.29 and its 200 day simple moving average is $5.87. The firm has a market capitalization of $1.22 billion, a P/E ratio of -13.18 and a beta of 1.96.

Genius Sports (NYSE:GENI) last announced its earnings results on Wednesday, March 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.10). Genius Sports had a negative return on equity of 12.67% and a negative net margin of 20.71%. The company had revenue of $127.20 million for the quarter, compared to the consensus estimate of $126.53 million. During the same period last year, the firm posted ($0.18) EPS. The company’s revenue was up 20.8% compared to the same quarter last year. Equities research analysts anticipate that Genius Sports will post -0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Genius Sports

Large investors have recently made changes to their positions in the company. Qube Research & Technologies Ltd bought a new stake in shares of Genius Sports in the 3rd quarter worth about $28,000. Geneos Wealth Management Inc. acquired a new position in Genius Sports during the 3rd quarter worth about $29,000. Altshuler Shaham Ltd acquired a new position in Genius Sports during the 4th quarter worth about $35,000. NewEdge Wealth LLC acquired a new position in Genius Sports during the 4th quarter worth about $62,000. Finally, Stifel Financial Corp acquired a new position in Genius Sports during the 4th quarter worth about $62,000. Institutional investors 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.