Genius Sports (NYSE:GENI) Earns Buy Rating from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of Genius Sports (NYSE:GENI - Free Report) in a report issued on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $12.00 target price on the stock.

Other research analysts have also issued reports about the company. The Goldman Sachs Group upped their target price on Genius Sports from $11.00 to $12.50 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Craig Hallum set a $15.00 price target on shares of Genius Sports in a research note on Tuesday, March 4th. Citizens Jmp lowered Genius Sports from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 6th. Needham & Company LLC set a $13.00 price target on Genius Sports in a research note on Wednesday, March 5th. Finally, Benchmark restated a "buy" rating and issued a $12.00 price objective on shares of Genius Sports in a research note on Thursday, April 17th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $12.19.

Genius Sports Stock Up 1.5 %

Shares of NYSE GENI traded up $0.15 during mid-day trading on Monday, reaching $10.47. 3,691,341 shares of the company were exchanged, compared to its average volume of 2,672,586. The firm has a 50-day moving average of $9.63 and a 200 day moving average of $8.97. Genius Sports has a 1 year low of $4.91 and a 1 year high of $11.16. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of -32.72 and a beta of 1.98.

Genius Sports (NYSE:GENI - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). The firm had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. During the same quarter in the prior year, the business posted ($0.10) earnings per share. On average, equities analysts forecast that Genius Sports will post -0.1 earnings per share for the current year.

Institutional Investors Weigh In On Genius Sports

Institutional investors have recently modified their holdings of the business. Emerald Mutual Fund Advisers Trust purchased a new position in Genius Sports during the fourth quarter worth approximately $58,000. Steward Partners Investment Advisory LLC grew its stake in Genius Sports by 39.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock valued at $105,000 after acquiring an additional 3,429 shares during the period. Park National Corp OH purchased a new stake in Genius Sports in the 1st quarter worth $107,000. Bayesian Capital Management LP acquired a new position in Genius Sports during the fourth quarter worth $129,000. Finally, Perigon Wealth Management LLC purchased a new position in Genius Sports during the fourth quarter valued at $136,000. 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.