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

Shares of Genius Sports Limited (NYSE:GENI) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $10.94.

GENI has been the topic of several recent analyst reports. Benchmark increased their price objective on shares of Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. JMP Securities reiterated a “market perform” rating and issued a $11.00 price target on shares of Genius Sports in a report on Monday, January 6th. Macquarie increased their target price on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. B. Riley boosted their price target on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Citizens Jmp downgraded Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GENI. Moody National Bank Trust Division increased its stake in Genius Sports by 1.5% during the 4th quarter. Moody National Bank Trust Division now owns 520,214 shares of the company’s stock worth $4,500,000 after buying an additional 7,674 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of Genius Sports during the third quarter worth about $78,000. Arkadios Wealth Advisors acquired a new position in shares of Genius Sports in the third quarter worth about $79,000. Captrust Financial Advisors acquired a new position in shares of Genius Sports in the third quarter worth about $84,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in Genius Sports in the second quarter valued at about $67,000. 81.91% of the stock is owned by institutional investors and hedge funds.

Genius Sports Price Performance

NYSE:GENI opened at $8.59 on Tuesday. The firm has a market cap of $1.97 billion, a PE ratio of -26.84 and a beta of 2.12. The firm has a 50 day simple moving average of $8.99 and a 200-day simple moving average of $7.71. Genius Sports has a 1-year low of $4.91 and a 1-year high of $10.33.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. The company had revenue of $120.20 million for the quarter, compared to analyst estimates of $118.94 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.06) EPS. As a group, sell-side analysts expect that Genius Sports will post -0.16 earnings per share for the current fiscal year.

About Genius Sports

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.