Genius Sports (NYSE:GENI - Get Free Report) released its quarterly earnings results on Tuesday. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16), RTT News reports. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The firm had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. During the same period in the prior year, the business earned ($0.10) EPS. Genius Sports updated its FY 2025 guidance to EPS.
Genius Sports Stock Up 2.3 %
Shares of NYSE:GENI traded up $0.22 during midday trading on Friday, reaching $9.73. 5,335,615 shares of the company traded hands, compared to its average volume of 2,436,281. Genius Sports has a 12 month low of $4.91 and a 12 month high of $10.33. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of -30.42 and a beta of 2.14. The firm's fifty day moving average price is $9.02 and its two-hundred day moving average price is $8.46.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on GENI shares. Macquarie boosted their price objective on Genius Sports from $10.00 to $12.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Citigroup upped their price target on Genius Sports from $10.00 to $12.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Lake Street Capital upped their price target on Genius Sports from $10.50 to $11.00 and gave the company a "buy" rating in a research note on Wednesday. JMP Securities reissued a "market outperform" rating and set a $11.00 target price on shares of Genius Sports in a research note on Monday, January 27th. Finally, Oppenheimer upped their price target on Genius Sports from $10.00 to $12.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Genius Sports has an average rating of "Moderate Buy" and an average price target of $11.83.
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Genius Sports Company Profile
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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.
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