Genius Sports (NYSE:GENI – Free Report) The price target was raised by B. Riley from $9.00 to $10.00 in a report published Wednesday morning, Benzinga reports. They currently have a Buy rating on the stock. B. Riley also gave estimates for Genius Sports’ Q3 2024 earnings at -$0.06 EPS, Q4 2024 at -$0.03 EPS, FY 2024 at -$0.30 EPS, Q1 2025 at -$0.13 EPS, Q2 2025 at -$0.05 EPS, Q3 2025 at -$0.03 EPS, Q4 2025 at $0.01 EPS, and FY 2025 at -$0.19 EPS.
Several other research analysts have also issued reports on the stock. Goldman Sachs Group began coverage on shares of Genius Sports in a research note on Tuesday, April 16. They issued a buy rating and a $7.50 price target on the stock. JMP Securities increased their price target on shares of Genius Sports from $8.00 to $9.00 and gave the stock a market outperform rating in a report on Thursday, May 9. Macquarie decreased their price target on Genius Sports from $10.00 to $9.00 and gave the stock an outperform rating in a research note on Thursday, July 18. Citigroup assumed coverage on Genius Sports in a research note on Thursday, June 13. They issued a buy rating and a $9.00 price target for the company. Finally, Needham & Company LLC reiterated a buy rating and a $9.00 price target on shares of Genius Sports in a research note on Tuesday, August 6. Ten research analysts have rated the stock with a buy rating. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $9.45.
Read our latest research report on GENI
Genius Sports shares lose 2.8%
NYSE GENI traded $0.20 lower at $6.83 during midday trading on Wednesday. The company had a trading volume of 3,617,942 shares, compared to its average volume of 2,267,198. Genius Sports has a 52-week low of $4.62 and a 52-week high of $7.77. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of -17.51 and a beta of 1.95. The company has a 50-day moving average of $5.80 and a 200-day moving average of $5.93.
Genius Sports (NYSE:GENI – Get Free Report) last announced its earnings results on Tuesday, August 6. The company reported -$0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of -$0.03 by -$0.06. The company had revenue of $95.50 million for the quarter, compared to analyst estimates of $94.15 million. Genius Sports had a negative return on equity of 12.98% and a negative net margin of 19.73%. The company’s revenue for the quarter increased 9.9% compared to the year-ago quarter. In the year-ago quarter, the company generated earnings per share of -$0.05. As a group, equities analysts forecast that Genius Sports will post earnings per share of -$0.17 for the current year.
Hedge funds comment on Genius Sports
A number of large investors have recently bought and sold shares of GENI. NewEdge Wealth LLC acquired a new stake in Genius Sports in the fourth quarter valued at $62,000. Koss Olinger Consulting LLC acquired a new stake in Genius Sports in the second quarter valued at about $64,000. Brown Advisory Inc. acquired a new position in Genius Sports in the fourth quarter valued at about $76,000. Virtu Financial LLC acquired a new position in Genius Sports in the first quarter valued at about $94,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Genius Sports by 42.4% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,953 shares of the company’s stock valued at $98,000 after acquiring an additional 5,342 shares in the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.
Company profile of Genius Sports
(Get free report)
Genius Sports Limited is engaged in the development and sale of technology-driven products and services for the sports, sports betting and sports media industries. The Company provides technology infrastructure for the collection, integration and distribution of live data from sports leagues, streaming solutions consisting of technology, automated production and distribution for sports to commercialise video footage of their matches, and end-to-end integrity services for sports leagues such as full-time active monitoring technology that uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as a full range of online and offline training and consulting services.
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