FY2024 EPS Estimates for Genius Sports Decreased by B. Riley

Genius Sports Limited (NYSE:GENI - Free Report) - 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 earn ($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 target price 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.

Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.06. The company had revenue of $120.20 million during the quarter, compared to the consensus estimate 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 in the prior year, the company earned ($0.06) EPS.

GENI has been the subject of several other research reports. Benchmark raised their target price on Genius Sports from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Needham & Company LLC reaffirmed a "buy" rating and issued a $9.00 price target on shares of Genius Sports in a report on Tuesday, November 12th. Macquarie raised their price target on Genius Sports from $10.00 to $12.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Oppenheimer raised their price target 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 raised their price target on Genius Sports from $8.50 to $11.50 and gave the company a "buy" rating in a report on Thursday. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $10.39.

Genius Sports Stock Performance

NYSE GENI traded down $0.23 during trading hours on Monday, hitting $8.88. The company had a trading volume of 2,599,982 shares, compared to its average volume of 2,395,168. Genius Sports has a 52 week low of $4.91 and a 52 week high of $10.15. The firm has a 50 day simple moving average of $7.66 and a 200 day simple moving average of $6.61. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -28.47 and a beta of 1.98.

Institutional Trading of Genius Sports

A number of hedge funds and other institutional investors have recently bought and sold shares of GENI. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Genius Sports by 42.4% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,953 shares of the company's stock worth $98,000 after purchasing an additional 5,342 shares in the last quarter. Levin Capital Strategies L.P. grew its position in shares of Genius Sports by 40.0% during the first quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company's stock worth $200,000 after purchasing an additional 10,000 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Genius Sports during the third quarter worth about $78,000. Arkadios Wealth Advisors purchased a new stake in shares of Genius Sports during the third quarter worth about $79,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Genius Sports during the third quarter worth about $84,000. Hedge funds and other institutional investors 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.