Genius Sports (NYSE:GENI) Earns Buy Rating from Analysts at Guggenheim

Guggenheim assumed coverage on shares of Genius Sports (NYSE:GENI) in a report issued on Tuesday, Marketbeat reports. The firm issued a buy rating and a $12.00 price objective on the stock.

GENI has been the topic of several other research reports. JMP Securities reissued a “market outperform” rating and issued a $11.00 price objective on shares of Genius Sports in a research report on Monday, January 27th. The Goldman Sachs Group increased their price target on shares of Genius Sports from $11.00 to $12.50 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Craig Hallum set a $15.00 price objective on shares of Genius Sports in a research report on Tuesday, March 4th. Citizens Jmp downgraded shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Finally, Needham & Company LLC set a $13.00 price target on shares of Genius Sports in a report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Genius Sports currently has an average rating of “Moderate Buy” and a consensus price target of $12.23.

Genius Sports Price Performance

GENI opened at $10.05 on Tuesday. Genius Sports has a 1 year low of $4.91 and a 1 year high of $10.33. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of -31.39 and a beta of 2.14. The firm’s fifty day moving average price is $9.14 and its two-hundred day moving average price is $8.56.

Genius Sports (NYSE:GENI) last issued its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The firm had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. During the same period in the previous year, the company posted ($0.10) earnings per share. As a group, equities analysts anticipate that Genius Sports will post -0.1 EPS for the current year.

Hedge Funds Weigh In On Genius Sports

Hedge funds have recently made changes to their positions in the stock. Emerald Mutual Fund Advisers Trust purchased a new position in Genius Sports during the fourth quarter valued at approximately $58,000. Captrust Financial Advisors bought a new position in Genius Sports in the 3rd quarter valued at $84,000. Walleye Trading LLC grew its position in shares of Genius Sports by 169.9% during the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock valued at $95,000 after purchasing an additional 29,555 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Genius Sports by 39.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock worth $105,000 after purchasing an additional 3,429 shares during the period. Finally, Bayesian Capital Management LP purchased a new stake in shares of Genius Sports in the fourth quarter worth $129,000. 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.