Genius Sports (NYSE:GENI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Genius Sports (NYSE:GENI) from a sell rating to a hold rating in a research note published on Saturday.

Other analysts also recently issued reports about the stock. Oppenheimer cut their price objective on shares of Genius Sports from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Thursday, March 5th. Truist Financial cut their price objective on shares of Genius Sports from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Northland Securities set a $12.00 price objective on shares of Genius Sports in a research report on Friday, February 6th. UBS Group reissued a “buy” rating on shares of Genius Sports in a research report on Wednesday, March 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Genius Sports in a research note on Friday, March 27th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Genius Sports has an average rating of “Moderate Buy” and a consensus target price of $12.63.

Genius Sports Stock Performance

Shares of GENI stock opened at $4.14 on Friday. Genius Sports has a one year low of $3.83 and a one year high of $13.73. The company’s 50-day moving average is $5.42 and its 200 day moving average is $8.85. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -9.64 and a beta of 2.08.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Thursday, March 5th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.10). Genius Sports had a negative net margin of 16.67% and a negative return on equity of 13.66%. The firm had revenue of $240.50 million for the quarter, compared to analysts’ expectations of $234.94 million. During the same period last year, the company posted ($0.12) earnings per share. The business’s revenue for the quarter was up 37.0% compared to the same quarter last year. As a group, research analysts predict that Genius Sports will post -0.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Genius Sports

Several hedge funds and other institutional investors have recently bought and sold shares of GENI. TimesSquare Capital Management LLC bought a new position in Genius Sports during the 4th quarter valued at about $59,851,000. Invesco Ltd. lifted its stake in Genius Sports by 3,584.2% during the 2nd quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock valued at $34,233,000 after acquiring an additional 3,202,290 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of Genius Sports by 785.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 3,289,270 shares of the company’s stock worth $36,248,000 after purchasing an additional 2,917,830 shares during the period. Voss Capital LP lifted its stake in shares of Genius Sports by 35.4% in the 4th quarter. Voss Capital LP now owns 11,100,000 shares of the company’s stock worth $122,322,000 after purchasing an additional 2,900,000 shares during the period. Finally, Westfield Capital Management Co. LP lifted its stake in shares of Genius Sports by 82.7% in the 3rd quarter. Westfield Capital Management Co. LP now owns 5,850,083 shares of the company’s stock worth $72,424,000 after purchasing an additional 2,647,948 shares during the period. 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.