Analysts Set Expectations for Genius Sports FY2024 Earnings

Genius Sports Limited (NYSE:GENI) – Equities research analysts at B. Riley cut their FY2024 earnings per share estimates for Genius Sports in a research report issued to clients and investors on Wednesday, November 13th. B. Riley analyst D. Bain now expects that the company will post earnings of ($0.21) per share for the year, down from their prior forecast of ($0.20). B. Riley currently has a “Buy” rating and a $12.00 price target on the stock. The consensus estimate for Genius Sports’ current full-year earnings is ($0.16) per share. B. Riley also issued estimates for Genius Sports’ Q1 2025 earnings at ($0.07) EPS, Q3 2025 earnings at $0.00 EPS and FY2025 earnings at ($0.04) EPS.

Other equities research analysts also recently issued research reports about the stock. Benchmark upped their target price on shares of Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Oppenheimer boosted their target price on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Needham & Company LLC restated a “buy” rating and issued a $9.00 price target on shares of Genius Sports in a report on Tuesday, November 12th. Macquarie lifted their price objective on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group increased their target price on Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research note on Thursday. Nine 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 an average target price of $10.39.

Genius Sports Stock Down 3.0 %

Shares of Genius Sports stock opened at $9.11 on Monday. The business has a fifty day simple moving average of $7.66 and a 200 day simple moving average of $6.61. The stock has a market cap of $2.09 billion, a PE ratio of -28.47 and a beta of 1.98. Genius Sports has a 12 month low of $4.91 and a 12 month high of $10.15.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06. The business had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $118.94 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.06) earnings per share.

Institutional Investors Weigh In On Genius Sports

Several institutional investors and hedge funds have recently bought and sold shares of the company. M&T Bank Corp lifted its stake in Genius Sports by 54.8% during the third quarter. M&T Bank Corp now owns 136,536 shares of the company’s stock worth $1,070,000 after purchasing an additional 48,306 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Genius Sports during the 3rd quarter worth $299,000. Main Management ETF Advisors LLC bought a new position in Genius Sports in the third quarter valued at about $1,010,000. XTX Topco Ltd grew its position in Genius Sports by 221.0% in the third quarter. XTX Topco Ltd now owns 70,535 shares of the company’s stock valued at $553,000 after acquiring an additional 48,563 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Genius Sports by 2.9% in the third quarter. Wellington Management Group LLP now owns 8,292,521 shares of the company’s stock worth $65,013,000 after acquiring an additional 230,209 shares during the last quarter. Institutional investors own 81.91% of the company’s stock.

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.