Needham & Company LLC reaffirmed their buy rating on shares of Genius Sports (NYSE:GENI – Free Report) in a research report report published on Thursday morning, Benzinga reports. They currently have a $9.00 price objective on the stock.
A number of other research firms have also recently weighed in on GENI. Oppenheimer reaffirmed an outperform rating and set a $10.00 price target on shares of Genius Sports in a research note on Thursday, April 4th. B. Riley assumed coverage on Genius Sports in a research report on Friday, April 5th. They set a buy rating and a $9.00 price objective for the company. JMP Securities increased their target price on Genius Sports from $8.00 to $9.00 and gave the company a market outperform rating in a report on Thursday, May 9th. Citigroup initiated coverage on Genius Sports in a research report on Thursday, June 13th. They issued a buy rating and a $9.00 price objective on the stock. Finally, The Goldman Sachs Group assumed coverage on Genius Sports in a research note on Tuesday, April 16th. They set a buy rating and a $7.50 price objective on the stock. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Genius Sports presently has a consensus rating of Buy and a consensus target price of $9.36.
Get Our Latest Stock Report on Genius Sports
Genius Sports Stock Performance
Genius Sports (NYSE:GENI – Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.02). Genius Sports had a negative net margin of 19.73% and a negative return on equity of 12.98%. The firm had revenue of $119.72 million for the quarter, compared to analyst estimates of $116.53 million. During the same period in the previous year, the firm posted ($0.12) EPS. The company’s revenue was up 23.1% compared to the same quarter last year. On average, analysts predict that Genius Sports will post -0.17 earnings per share for the current year.
Institutional Trading of Genius Sports
Several large investors have recently added to or reduced their stakes in GENI. NewEdge Wealth LLC bought a new position in Genius Sports during the fourth quarter worth about $62,000. Levin Capital Strategies L.P. raised its holdings in shares of Genius Sports by 40.0% in the first quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company’s stock valued at $200,000 after purchasing an additional 10,000 shares during the last quarter. Brown Advisory Inc. acquired a new stake in Genius Sports in the 4th quarter valued at $76,000. Virtu Financial LLC bought a new stake in Genius Sports during the first quarter worth about $94,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Genius Sports in the 4th quarter valued at approximately $105,000. 81.91% of the stock is owned by institutional investors.
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.
Featured Articles
- Five stocks we like better than Genius Sports
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Top 3 Defense Stocks That Should Be on Your Radar
- High Flyers: 3 Natural Gas Stocks for March 2022
- Why This Banking Stock Might Be Nearing the Bottom of Its Cycle
- Best Stocks Under $10.00
- MarketBeat Week in Review – 7/8 – 7/12
Receive News & Ratings for Genius Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genius Sports and related companies with MarketBeat.com's FREE daily email newsletter.