Genius Sports (NYSE:GENI) Now Covered by Analysts at B. Riley

B. Riley started coverage on shares of Genius Sports (NYSE:GENI) in a report issued on Tuesday morning, Marketbeat.com reports. The brokerage issued a buy rating on the stock. B. Riley also issued estimates for Genius Sports’ Q1 2025 earnings at ($0.06) EPS, Q2 2025 earnings at ($0.06) EPS, Q3 2025 earnings at ($0.02) EPS, Q4 2025 earnings at $0.06 EPS, FY2025 earnings at ($0.08) EPS and FY2026 earnings at $0.02 EPS.

GENI has been the subject of several other research reports. Citigroup boosted their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Needham & Company LLC set a $13.00 price objective on shares of Genius Sports in a research note on Wednesday, March 5th. Benchmark increased their target price on Genius Sports from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Lake Street Capital boosted their price target on Genius Sports from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, Craig Hallum set a $15.00 price objective on Genius Sports in a research note on Tuesday, March 4th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Genius Sports presently has an average rating of “Moderate Buy” and a consensus target price of $12.23.

Genius Sports Stock Up 4.1 %

Shares of NYSE:GENI opened at $10.05 on Tuesday. The business’s 50 day moving average is $9.14 and its 200 day moving average is $8.56. The stock has a market cap of $2.16 billion, a P/E ratio of -31.39 and a beta of 2.14. Genius Sports has a 52-week low of $4.91 and a 52-week high of $10.33.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results 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). The firm had revenue of $175.53 million for the quarter, compared to the consensus estimate of $175.52 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same period in the previous year, the company posted ($0.10) EPS. On average, sell-side analysts anticipate that Genius Sports will post -0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Genius Sports

Hedge funds have recently modified their holdings of the stock. Divisadero Street Capital Management LP increased its position in shares of Genius Sports by 32,386.5% in the 4th quarter. Divisadero Street Capital Management LP now owns 3,551,751 shares of the company’s stock valued at $30,723,000 after acquiring an additional 3,540,818 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Genius Sports during the 4th quarter valued at about $24,712,000. FMR LLC increased its holdings in shares of Genius Sports by 53.2% in the third quarter. FMR LLC now owns 7,219,874 shares of the company’s stock valued at $56,604,000 after purchasing an additional 2,507,165 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of Genius Sports in the fourth quarter valued at about $15,553,000. Finally, Capital Research Global Investors raised its stake in shares of Genius Sports by 14.2% in the fourth quarter. Capital Research Global Investors now owns 12,952,320 shares of the company’s stock worth $112,038,000 after purchasing an additional 1,610,078 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

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.