Genius Sports Limited (NYSE:GENI) Receives Average Rating of “Moderate Buy” from Brokerages

Genius Sports Limited (NYSE:GENI) has been given an average recommendation of “Moderate Buy” by the thirteen analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $12.19.

GENI has been the topic of a number of analyst reports. Guggenheim initiated coverage on shares of Genius Sports in a research note on Tuesday, March 18th. They set a “buy” rating and a $12.00 price objective on the stock. Craig Hallum set a $15.00 target price on Genius Sports in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft started coverage on Genius Sports in a research report on Monday, April 21st. They set a “buy” rating and a $12.00 target price on the stock. JMP Securities reiterated a “market outperform” rating and set a $11.00 target price on shares of Genius Sports in a research report on Monday, January 27th. Finally, The Goldman Sachs Group increased their target price on Genius Sports from $11.00 to $12.50 and gave the company a “buy” rating in a research report on Wednesday, March 5th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PharVision Advisers LLC purchased a new position in Genius Sports in the 1st quarter valued at $118,000. Nixon Capital LLC increased its stake in shares of Genius Sports by 6.7% in the 1st quarter. Nixon Capital LLC now owns 1,038,629 shares of the company’s stock worth $10,397,000 after acquiring an additional 64,767 shares during the last quarter. Millennium Management LLC increased its stake in shares of Genius Sports by 1,579.0% in the 1st quarter. Millennium Management LLC now owns 2,766,206 shares of the company’s stock worth $27,690,000 after acquiring an additional 2,601,453 shares during the last quarter. Ancora Advisors LLC increased its stake in shares of Genius Sports by 27.1% in the 1st quarter. Ancora Advisors LLC now owns 204,552 shares of the company’s stock worth $2,048,000 after acquiring an additional 43,552 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its stake in shares of Genius Sports by 3.8% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 141,425 shares of the company’s stock worth $1,417,000 after acquiring an additional 5,205 shares during the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Genius Sports Price Performance

Shares of NYSE GENI opened at $9.89 on Monday. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of -30.89 and a beta of 1.96. Genius Sports has a 12 month low of $5.03 and a 12 month high of $11.40. The firm’s 50 day simple moving average is $10.07 and its 200-day simple moving average is $9.37.

Genius Sports (NYSE:GENI) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $143.99 million for the quarter, compared to analysts’ expectations of $143.31 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The business’s revenue was up 20.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.11) EPS. Analysts anticipate that Genius Sports will post -0.1 earnings per share for the current fiscal year.

Genius Sports declared that its Board of Directors has authorized a share repurchase plan on Tuesday, May 6th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 4.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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.