Genius Sports (NYSE:GENI) Stock Rating Upgraded by Wells Fargo & Company

Genius Sports (NYSE:GENI) was upgraded by stock analysts at Wells Fargo & Company to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities analysts have also commented on GENI. Macquarie reiterated an “outperform” rating and issued a $15.00 price target on shares of Genius Sports in a research note on Wednesday, November 5th. Wall Street Zen lowered shares of Genius Sports from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Roth Capital initiated coverage on shares of Genius Sports in a research note on Friday, September 12th. They issued a “buy” rating and a $16.00 price objective for the company. UBS Group lifted their target price on Genius Sports from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Finally, Citigroup restated an “outperform” rating on shares of Genius Sports in a research note on Wednesday, September 3rd. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.11.

Genius Sports Price Performance

Shares of GENI traded up $0.15 during midday trading on Monday, reaching $8.91. The stock had a trading volume of 6,939,523 shares, compared to its average volume of 4,589,307. The company has a market cap of $1.92 billion, a price-to-earnings ratio of -18.90 and a beta of 1.84. The company’s fifty day simple moving average is $11.62 and its two-hundred day simple moving average is $11.18. Genius Sports has a 1-year low of $8.15 and a 1-year high of $13.73.

Genius Sports (NYSE:GENI) last posted 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 business had revenue of $166.28 million during the quarter, compared to analysts’ expectations of $156.24 million. Genius Sports had a negative net margin of 19.71% and a negative return on equity of 14.39%. Genius Sports has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Genius Sports will post -0.1 earnings per share for the current year.

Institutional Trading of Genius Sports

A number of institutional investors have recently modified their holdings of GENI. Global Alpha Capital Management Ltd. purchased a new stake in shares of Genius Sports during the 2nd quarter worth $43,552,000. Invesco Ltd. boosted its holdings in Genius Sports by 3,584.2% during the second quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock worth $34,233,000 after buying an additional 3,202,290 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Genius Sports in the 1st quarter valued at approximately $28,280,000. Westfield Capital Management Co. LP boosted its position in shares of 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 buying an additional 2,647,948 shares in the last quarter. Finally, Geode Capital Management LLC acquired a new stake in shares of Genius Sports in the second quarter valued at approximately $27,312,000. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

About Genius Sports

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.