Genius Sports (NYSE:GENI) Price Target Lowered to $10.00 at Needham & Company LLC

Genius Sports (NYSE:GENI) had its price target cut by Needham & Company LLC from $14.00 to $10.00 in a report released on Friday, Marketbeat.com reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Citigroup reduced their target price on shares of Genius Sports from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Stifel Nicolaus lowered their price target on shares of Genius Sports from $7.00 to $5.00 and set a “hold” rating on the stock in a research report on Thursday, April 9th. Wells Fargo & Company dropped their price objective on shares of Genius Sports from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. Benchmark reiterated a “buy” rating on shares of Genius Sports in a report on Thursday, March 5th. Finally, Wall Street Zen lowered shares of Genius Sports from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $11.78.

Genius Sports Price Performance

NYSE GENI opened at $4.39 on Friday. The stock’s 50 day simple moving average is $4.83 and its 200-day simple moving average is $8.00. The company has a market cap of $1.08 billion, a PE ratio of -7.20 and a beta of 1.80. Genius Sports has a 1-year low of $3.83 and a 1-year high of $13.73.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.12). Genius Sports had a negative return on equity of 20.15% and a negative net margin of 22.26%.The firm had revenue of $187.95 million for the quarter, compared to analysts’ expectations of $170.60 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year.

Hedge Funds Weigh In On Genius Sports

Institutional investors have recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC boosted its holdings in Genius Sports by 9.1% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 14,131 shares of the company’s stock valued at $175,000 after purchasing an additional 1,177 shares during the last quarter. Prelude Capital Management LLC raised its position in shares of Genius Sports by 1.3% during the 3rd quarter. Prelude Capital Management LLC now owns 92,529 shares of the company’s stock valued at $1,146,000 after buying an additional 1,181 shares during the period. Cetera Investment Advisers raised its position in shares of Genius Sports by 10.0% during the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after buying an additional 1,388 shares during the period. SkyView Investment Advisors LLC lifted its holdings in Genius Sports by 2.0% in the second quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock valued at $802,000 after acquiring an additional 1,512 shares during the last quarter. Finally, Main Management ETF Advisors LLC lifted its holdings in Genius Sports by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 163,647 shares of the company’s stock valued at $1,803,000 after acquiring an additional 1,672 shares during the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.

Key Genius Sports News

Here are the key news stories impacting Genius Sports this week:

• Positive Sentiment: Several analysts still see significant upside in Genius Sports, even after trimming price targets: Citi cut its target to $8, BTIG to $9, and Needham to $10, all while maintaining buy ratings. That suggests analysts still view the recent selloff as overdone relative to the company’s long-term potential.
• Positive Sentiment: Genius Sports raised its outlook and highlighted growth tied to prediction markets, which could become an additional revenue tailwind if that trend continues. Genius Sports Touts Prediction Market Growth, Raises Outlook
• Positive Sentiment: Investor interest is also being supported by bullish coverage framing Genius Sports as a beneficiary of the broader prediction-market boom, reinforcing the stock’s longer-term growth narrative. Kalshi vs. Polymarket? This Small-Cap Sports Data Stock Is the Surefire Winner Either Way.
• Neutral Sentiment: The company reported first-quarter revenue of $187.95 million, above expectations and up 30.5% year over year, but earnings missed estimates at a loss of $0.21 per share versus the expected $0.09 loss. The revenue beat is constructive, but the earnings miss likely kept sentiment mixed. Genius Sports quarterly earnings report

Genius Sports Company Profile

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.