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

Shares of Genius Sports Limited (NYSE:GENI) have earned a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, fourteen have given a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $14.9524.

A number of equities research analysts have weighed in on the stock. Guggenheim set a $17.00 price target on shares of Genius Sports in a report on Thursday, December 4th. The Goldman Sachs Group raised their target price on shares of Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Wells Fargo & Company upgraded shares of Genius Sports from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $13.00 to $16.00 in a research report on Friday, January 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price target on shares of Genius Sports in a report on Thursday, December 4th. Finally, Benchmark reissued a “buy” rating and set a $16.00 price objective on shares of Genius Sports in a research note on Tuesday, December 30th.

Hedge Funds Weigh In On Genius Sports

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP raised its holdings in Genius Sports by 17.9% during the 3rd quarter. Wellington Management Group LLP now owns 13,513,537 shares of the company’s stock worth $167,298,000 after buying an additional 2,051,503 shares during the period. Cooper Creek Partners Management LLC raised its holdings in shares of Genius Sports by 9.6% during the second quarter. Cooper Creek Partners Management LLC now owns 9,191,865 shares of the company’s stock valued at $95,595,000 after acquiring an additional 806,233 shares during the period. Senvest Management LLC lifted its position in shares of Genius Sports by 1.4% in the 2nd quarter. Senvest Management LLC now owns 7,813,156 shares of the company’s stock valued at $81,257,000 after acquiring an additional 107,083 shares in the last quarter. Hood River Capital Management LLC boosted its stake in Genius Sports by 3.3% in the 2nd quarter. Hood River Capital Management LLC now owns 6,811,333 shares of the company’s stock worth $70,838,000 after purchasing an additional 215,384 shares during the period. Finally, Westfield Capital Management Co. LP boosted its stake in Genius Sports by 82.7% in the 3rd quarter. Westfield Capital Management Co. LP now owns 5,850,083 shares of the company’s stock worth $72,424,000 after purchasing an additional 2,647,948 shares during the period. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Price Performance

Shares of NYSE:GENI opened at $8.68 on Friday. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of -18.47 and a beta of 1.81. Genius Sports has a 12 month low of $8.15 and a 12 month high of $13.73. The stock’s 50 day moving average price is $10.36 and its 200 day moving average price is $11.28.

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

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.