Genius Sports’ (GENI) “Buy” Rating Reiterated at Benchmark

Benchmark reissued their buy rating on shares of Genius Sports (NYSE:GENI) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. They currently have a $16.00 target price on the stock.

GENI has been the topic of several other reports. Zacks Research raised shares of Genius Sports from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 4th. Wells Fargo & Company increased their target price on Genius Sports from $10.00 to $13.00 and gave the stock an “equal weight” rating in a report on Friday, December 5th. Roth Capital began coverage on Genius Sports in a report on Friday, September 12th. They issued a “buy” rating and a $16.00 price target on the stock. UBS Group set a $16.00 price objective on Genius Sports in a research report on Monday, December 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Genius Sports in a report on Monday, December 22nd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Genius Sports has a consensus rating of “Moderate Buy” and a consensus target price of $15.05.

Genius Sports Price Performance

NYSE:GENI opened at $11.00 on Tuesday. Genius Sports has a fifty-two week low of $8.15 and a fifty-two week high of $13.73. The stock has a market capitalization of $2.37 billion, a PE ratio of -23.40 and a beta of 1.81. The business’s 50-day simple moving average is $10.56 and its 200-day simple moving average is $11.30.

Genius Sports (NYSE:GENI) last announced its earnings results on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.18). The company had revenue of $166.28 million for the quarter, compared to analyst estimates of $156.24 million. Genius Sports had a negative return on equity of 14.39% and a negative net margin of 19.71%. On average, research analysts expect that Genius Sports will post -0.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GENI. Hodges Capital Management Inc. grew its stake in shares of Genius Sports by 351.7% in the second quarter. Hodges Capital Management Inc. now owns 971,235 shares of the company’s stock valued at $10,101,000 after buying an additional 756,235 shares in the last quarter. Moody National Bank Trust Division lifted its stake in Genius Sports by 11.8% in the second quarter. Moody National Bank Trust Division now owns 661,714 shares of the company’s stock valued at $6,882,000 after acquiring an additional 69,600 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of Genius Sports in the 2nd quarter valued at about $5,200,000. Geode Capital Management LLC acquired a new position in shares of Genius Sports during the 2nd quarter worth about $27,312,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Genius Sports during the 1st quarter worth about $28,280,000. 81.91% of the stock is owned by institutional investors and hedge funds.

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.