Genius Sports (NYSE:GENI) Now Covered by B. Riley

Equities researchers at B. Riley initiated coverage on shares of Genius Sports (NYSE:GENI - Get Free Report) in a research note issued on Tuesday, Marketbeat reports. The brokerage set a "buy" rating on the stock. B. Riley also issued estimates for Genius Sports' Q1 2025 earnings at ($0.06) EPS, Q2 2025 earnings at ($0.06) EPS, Q3 2025 earnings at ($0.02) EPS, Q4 2025 earnings at $0.06 EPS, FY2025 earnings at ($0.08) EPS and FY2026 earnings at $0.02 EPS.

GENI has been the topic of a number of other reports. Citigroup boosted their price target on Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Lake Street Capital boosted their price target on Genius Sports from $10.50 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. JMP Securities reissued a "market outperform" rating and issued a $11.00 price target on shares of Genius Sports in a research report on Monday, January 27th. Needham & Company LLC set a $13.00 price target on Genius Sports in a research report on Wednesday, March 5th. Finally, The Goldman Sachs Group boosted their price target on Genius Sports from $11.00 to $12.50 and gave the stock 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 assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $12.23.

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Genius Sports Trading Up 3.1 %

Genius Sports stock traded up $0.31 during trading hours on Tuesday, hitting $10.36. 6,288,805 shares of the stock traded hands, compared to its average volume of 2,534,163. The firm's 50-day moving average price is $9.17 and its two-hundred day moving average price is $8.58. The company has a market cap of $2.23 billion, a PE ratio of -32.38 and a beta of 2.14. Genius Sports has a one year low of $4.91 and a one year high of $10.44.

Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.16). 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 for the quarter, compared to the consensus estimate of $175.52 million. During the same period in the previous year, the firm posted ($0.10) earnings per share. On average, sell-side analysts expect that Genius Sports will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Genius Sports

A number of hedge funds have recently added to or reduced their stakes in GENI. Emerald Mutual Fund Advisers Trust purchased a new stake in Genius Sports during the 4th quarter valued at $58,000. Captrust Financial Advisors purchased a new stake in Genius Sports during the 3rd quarter valued at $84,000. Walleye Trading LLC raised its stake in Genius Sports by 169.9% during the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company's stock valued at $95,000 after buying an additional 29,555 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock valued at $105,000 after buying an additional 3,429 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in Genius Sports during the 4th quarter valued at $129,000. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

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.