Genius Sports (NYSE:GENI) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Genius Sports (NYSE:GENI) in a report released on Tuesday morning, MarketBeat reports. The brokerage issued a buy rating and a $7.50 target price on the stock.

GENI has been the subject of several other research reports. B. Riley assumed coverage on Genius Sports in a research report on Friday, April 5th. They set a buy rating and a $9.00 target price for the company. JMP Securities reiterated a market outperform rating and set a $8.00 target price on shares of Genius Sports in a research report on Thursday, March 7th. Needham & Company LLC restated a buy rating and set a $9.00 price target on shares of Genius Sports in a report on Wednesday, March 6th. Oppenheimer restated an outperform rating and set a $10.00 price target on shares of Genius Sports in a report on Thursday, April 4th. Finally, Macquarie started coverage on Genius Sports in a report on Thursday, December 21st. They set an outperform rating and a $11.00 price target for the company. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, Genius Sports presently has a consensus rating of Buy and an average price target of $9.25.

Genius Sports Stock Down 2.9 %

NYSE GENI opened at $5.12 on Tuesday. The stock’s 50-day moving average price is $6.24 and its 200-day moving average price is $5.87. Genius Sports has a 52 week low of $3.55 and a 52 week high of $8.45. The company has a market capitalization of $1.19 billion, a P/E ratio of -12.79 and a beta of 1.96.

Genius Sports (NYSE:GENI) last released its earnings results on Wednesday, March 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.10). Genius Sports had a negative return on equity of 12.67% and a negative net margin of 20.71%. The business had revenue of $127.20 million for the quarter, compared to analysts’ expectations of $126.53 million. During the same quarter in the prior year, the business posted ($0.18) EPS. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. Research analysts anticipate that Genius Sports will post -0.13 EPS for the current year.

Hedge Funds Weigh In On Genius Sports

A number of institutional investors and hedge funds have recently modified their holdings of GENI. Qube Research & Technologies Ltd purchased a new position in shares of Genius Sports in the 3rd quarter worth approximately $28,000. Geneos Wealth Management Inc. purchased a new position in shares of Genius Sports in the 3rd quarter worth approximately $29,000. Altshuler Shaham Ltd purchased a new position in shares of Genius Sports in the 4th quarter worth approximately $35,000. United Capital Financial Advisers LLC bought a new stake in shares of Genius Sports during the 4th quarter worth approximately $37,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Genius Sports during the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

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.