Genius Sports (NYSE:GENI) Now Covered by Analysts at Guggenheim

Guggenheim began coverage on shares of Genius Sports (NYSE:GENI) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage issued a buy rating and a $12.00 price target on the stock.

Several other analysts also recently issued reports on GENI. Citigroup raised their price target on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Needham & Company LLC set a $13.00 price target on Genius Sports in a report on Wednesday, March 5th. B. Riley initiated coverage on Genius Sports in a report on Tuesday. They issued a “buy” rating on the stock. Benchmark raised their price target on Genius Sports from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Finally, Lake Street Capital raised their target price on Genius Sports from $10.50 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.23.

Genius Sports Stock Down 1.2 %

NYSE:GENI opened at $9.37 on Tuesday. The business’s 50 day moving average is $9.10 and its two-hundred day moving average is $8.55. Genius Sports has a 52 week low of $4.91 and a 52 week high of $10.33. The company has a market cap of $2.02 billion, a PE ratio of -29.27 and a beta of 2.14.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.16). The company had revenue of $175.53 million during 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 last year, the business posted ($0.10) EPS. As a group, sell-side analysts expect that Genius Sports will post -0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Genius Sports

Several hedge funds have recently modified their holdings of GENI. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Genius Sports during the 4th quarter valued at $58,000. Captrust Financial Advisors bought a new stake in shares of Genius Sports during the 3rd quarter worth $84,000. Walleye Trading LLC boosted its stake 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 worth $95,000 after acquiring an additional 29,555 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock worth $105,000 after acquiring an additional 3,429 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new stake in shares of Genius Sports during the 4th quarter worth $129,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

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.