Genius Sports (NYSE:GENI) Upgraded to “Strong-Buy” at Freedom Capital

Genius Sports (NYSE:GENI) was upgraded by Freedom Capital to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other research analysts also recently weighed in on the company. Weiss Ratings downgraded Genius Sports from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. Roth Capital set a $10.00 target price on shares of Genius Sports in a report on Friday, May 8th. Needham & Company LLC dropped their target price on shares of Genius Sports from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Stifel Nicolaus cut their target price on shares of Genius Sports from $7.00 to $5.00 and set a “hold” rating for the company in a research note on Thursday, April 9th. Finally, BTIG Research dropped their price objective on shares of Genius Sports from $10.00 to $9.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $11.44.

Genius Sports Price Performance

Shares of GENI stock opened at $6.79 on Monday. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -11.14 and a beta of 1.91. Genius Sports has a one year low of $3.83 and a one year high of $13.73. The company’s fifty day moving average price is $5.96 and its 200-day moving average price is $6.27.

Genius Sports (NYSE:GENI) last issued its earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.12). Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.The firm had revenue of $187.95 million during the quarter, compared to the consensus estimate of $170.60 million. During the same period in the prior year, the company posted ($0.03) EPS. The company’s quarterly revenue was up 30.5% on a year-over-year basis. Equities research analysts expect that Genius Sports will post -0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Genius Sports

Institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC purchased a new position in Genius Sports in the first quarter worth about $25,000. Baer Investment Advisory LLC bought a new position in shares of Genius Sports during the 1st quarter valued at approximately $61,000. UMB Bank n.a. bought a new position in shares of Genius Sports during the 4th quarter valued at approximately $63,000. Lexington Hill Partners LLC purchased a new stake in Genius Sports during the 2nd quarter valued at $64,000. Finally, Pacer Advisors Inc. lifted its position in Genius Sports by 29.1% in the first quarter. Pacer Advisors Inc. now owns 15,270 shares of the company’s stock worth $68,000 after buying an additional 3,440 shares during the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.

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.