B. Riley Issues Negative Estimate for Genius Sports Earnings

Genius Sports Limited (NYSE:GENI) – B. Riley lowered their FY2024 earnings per share (EPS) estimates for shares of Genius Sports in a research report issued on Wednesday, November 13th. B. Riley analyst D. Bain now anticipates that the company will post earnings per share of ($0.21) for the year, down from their previous forecast of ($0.20). B. Riley has a “Buy” rating and a $12.00 price target on the stock. The consensus estimate for Genius Sports’ current full-year earnings is ($0.16) per share. B. Riley also issued estimates for Genius Sports’ Q1 2025 earnings at ($0.07) EPS, Q3 2025 earnings at $0.00 EPS and FY2025 earnings at ($0.04) EPS.

Other analysts have also issued reports about the stock. Macquarie increased their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Oppenheimer increased their target price on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. The Goldman Sachs Group raised their price target on Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Needham & Company LLC restated a “buy” rating and issued a $9.00 price objective on shares of Genius Sports in a research report on Tuesday, November 12th. Finally, Benchmark lifted their price objective on Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $10.39.

Genius Sports Trading Down 2.6 %

NYSE:GENI opened at $8.88 on Monday. The company has a market capitalization of $2.04 billion, a P/E ratio of -27.73 and a beta of 1.98. The firm has a 50-day moving average price of $7.68 and a two-hundred day moving average price of $6.63. Genius Sports has a twelve month low of $4.91 and a twelve month high of $10.15.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The business had revenue of $120.20 million during the quarter, compared to analysts’ expectations of $118.94 million. During the same quarter last year, the business posted ($0.06) earnings per share. The business’s revenue for the quarter was up 18.2% on a year-over-year basis.

Hedge Funds Weigh In On Genius Sports

Several institutional investors have recently added to or reduced their stakes in GENI. M&T Bank Corp boosted its stake in Genius Sports by 54.8% in the 3rd quarter. M&T Bank Corp now owns 136,536 shares of the company’s stock worth $1,070,000 after buying an additional 48,306 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Genius Sports during the 3rd quarter worth about $299,000. Main Management ETF Advisors LLC acquired a new stake in shares of Genius Sports in the third quarter worth approximately $1,010,000. XTX Topco Ltd grew its holdings in Genius Sports by 221.0% in the third quarter. XTX Topco Ltd now owns 70,535 shares of the company’s stock valued at $553,000 after purchasing an additional 48,563 shares during the period. Finally, Wellington Management Group LLP increased its position in Genius Sports by 2.9% during the third quarter. Wellington Management Group LLP now owns 8,292,521 shares of the company’s stock worth $65,013,000 after purchasing an additional 230,209 shares during the last quarter. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports Company Profile

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.