Genius Sports (NYSE:GENI) Given New $12.00 Price Target at Oppenheimer

Genius Sports (NYSE:GENI) had its price target boosted by Oppenheimer from $10.00 to $12.00 in a research note published on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

GENI has been the subject of several other research reports. Freedom Capital raised Genius Sports to a “strong-buy” rating in a report on Monday, July 20th. Needham & Company LLC raised their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday. Wall Street Zen upgraded Genius Sports from a “strong sell” rating to a “sell” rating in a research note on Monday, August 3rd. The Goldman Sachs Group reissued a “buy” rating and set a $10.50 price target on shares of Genius Sports in a report on Friday. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $8.00 price target on shares of Genius Sports in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $11.44.

Genius Sports Stock Down 2.6%

Shares of GENI opened at $7.62 on Friday. Genius Sports has a twelve month low of $3.83 and a twelve month high of $13.73. The company has a 50 day moving average of $6.57 and a 200-day moving average of $5.97. The stock has a market capitalization of $1.88 billion, a P/E ratio of -11.21 and a beta of 1.90.

Genius Sports (NYSE:GENI) last released its earnings results on Thursday, August 6th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.21). The company had revenue of $195.50 million for the quarter, compared to the consensus estimate of $184.43 million. Genius Sports had a negative return on equity of 23.58% and a negative net margin of 22.99%.The business’s revenue was up 64.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.21) EPS. On average, sell-side analysts anticipate that Genius Sports will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Genius Sports

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Prelude Capital Management LLC increased its holdings in shares of Genius Sports by 1.3% during the third quarter. Prelude Capital Management LLC now owns 92,529 shares of the company’s stock worth $1,146,000 after buying an additional 1,181 shares in the last quarter. Cetera Investment Advisers increased its position in Genius Sports by 10.0% in the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after acquiring an additional 1,388 shares during the period. SkyView Investment Advisors LLC lifted its holdings in shares of Genius Sports by 2.0% during the second quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock worth $802,000 after purchasing an additional 1,512 shares during the period. Main Management ETF Advisors LLC raised its position in Genius Sports by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 163,647 shares of the company’s stock worth $1,803,000 after purchasing an additional 1,672 shares during the last quarter. Finally, First Dallas Securities Inc. grew its position in shares of Genius Sports by 3.0% in the 4th quarter. First Dallas Securities Inc. now owns 68,500 shares of the company’s stock valued at $755,000 after buying an additional 2,000 shares during the last quarter. 81.91% of the stock is currently owned by institutional investors.

Key Headlines Impacting Genius Sports

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

• Positive Sentiment: Revenue and outlook beat expectations: Second-quarter revenue rose 64.7% year over year to $195.5 million, exceeding the $184.4 million consensus estimate. Genius Sports also raised its full-year revenue outlook to approximately $1 billion, reinforcing expectations for continued growth. Genius Sports raises revenue guidance after strong Q2
• Positive Sentiment: Expansion into prediction markets: Partnerships with Kalshi and Polymarket will allow Genius Sports to provide official sports data, media capabilities, and integrity services. The deals could open an additional growth channel beyond traditional sportsbook customers. Genius Sports enters prediction markets with Polymarket and Kalshi partnerships
• Positive Sentiment: Media and advertising opportunity: Management is using real-time sports data to help advertisers adjust campaigns during live games, signaling a shift toward higher-value media and advertising services. Genius Sports’ media surge shows shift beyond sportsbook data
• Positive Sentiment: Analyst support strengthened: BTIG raised its price target to $10 from $9 and maintained a “buy” rating, while Oppenheimer increased its target to $12 from $10 and upgraded the stock to “outperform.”
• Neutral Sentiment: Wells Fargo reaffirmed its “equal weight” rating and set an $8 price target, indicating limited near-term upside in its base case.
• Negative Sentiment: Profitability remains a concern: Genius Sports reported a quarterly loss of $0.28 per share, substantially worse than the $0.07 loss analysts expected and wider than the $0.21 loss a year earlier. The company continues to report negative net margins and return on equity. Genius Sports Limited reports Q2 loss and tops revenue estimates

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.