Genius Sports (NYSE:GENI) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Genius Sports (NYSE:GENI) in a report issued on Tuesday, MarketBeat reports. The brokerage set a “buy” rating and a $7.50 price target on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 42.31% from the stock’s previous close.

Several other equities analysts have also recently weighed in on GENI. Oppenheimer reissued an “outperform” rating and set a $10.00 price objective on shares of Genius Sports in a research report on Thursday, April 4th. B. Riley initiated coverage on Genius Sports in a research note on Friday, April 5th. They issued a “buy” rating and a $9.00 price objective on the stock. Macquarie initiated coverage on Genius Sports in a research note on Thursday, December 21st. They issued an “outperform” rating and a $11.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 price objective on shares of Genius Sports in a research note on Wednesday, March 6th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $8.00 price target on shares of Genius Sports in a research report on Monday, February 26th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $9.25.

Genius Sports Stock Performance

Shares of NYSE:GENI opened at $5.27 on Tuesday. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -13.18 and a beta of 1.96. Genius Sports has a 1-year low of $3.55 and a 1-year high of $8.45. The company has a 50 day moving average price of $6.29 and a 200 day moving average price of $5.87.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Wednesday, March 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.10). The firm had revenue of $127.20 million for the quarter, compared to analyst estimates of $126.53 million. Genius Sports had a negative net margin of 20.71% and a negative return on equity of 12.67%. Genius Sports’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.18) EPS. On average, sell-side analysts expect that Genius Sports will post -0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Voss Capital LLC acquired a new position in shares of Genius Sports during the fourth quarter worth $3,244,000. Wellington Management Group LLP increased its position in shares of Genius Sports by 2,189.3% during the third quarter. Wellington Management Group LLP now owns 1,504,922 shares of the company’s stock worth $8,021,000 after acquiring an additional 1,439,184 shares in the last quarter. ARK Investment Management LLC increased its stake in Genius Sports by 9.9% in the 4th quarter. ARK Investment Management LLC now owns 6,914,013 shares of the company’s stock valued at $42,729,000 after buying an additional 620,472 shares during the last quarter. Trexquant Investment LP purchased a new stake in Genius Sports in the 3rd quarter valued at about $1,366,000. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Genius Sports during the 3rd quarter worth approximately $1,093,000. 81.91% of the stock is owned by 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.