Genius Sports (NYSE:GENI) Research Coverage Started at B. Riley

B. Riley initiated coverage on shares of Genius Sports (NYSE:GENI) in a research report released on Tuesday morning, Marketbeat Ratings reports. The brokerage issued 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.

Several other equities analysts also recently commented on the stock. JMP Securities reissued a “market outperform” rating and issued a $11.00 target price on shares of Genius Sports in a report on Monday, January 27th. Citigroup boosted their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group raised their price objective on Genius Sports from $11.00 to $12.50 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Citizens Jmp downgraded Genius Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Finally, Benchmark increased their price target on Genius Sports from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.23.

Genius Sports Stock Performance

Shares of Genius Sports stock opened at $10.05 on Tuesday. Genius Sports has a fifty-two week low of $4.91 and a fifty-two week high of $10.33. The company has a market capitalization of $2.16 billion, a P/E ratio of -31.39 and a beta of 2.14. The company has a fifty day moving average of $9.14 and a 200 day moving average of $8.56.

Genius Sports (NYSE:GENI) last released its quarterly earnings data 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 business had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same period last year, the company earned ($0.10) EPS. Analysts forecast that Genius Sports will post -0.1 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Capital Research Global Investors grew its stake in shares of Genius Sports by 14.2% during the fourth quarter. Capital Research Global Investors now owns 12,952,320 shares of the company’s stock valued at $112,038,000 after buying an additional 1,610,078 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Genius Sports by 2.9% during the 3rd quarter. Wellington Management Group LLP now owns 8,292,521 shares of the company’s stock valued at $65,013,000 after acquiring an additional 230,209 shares during the period. Granahan Investment Management LLC grew its position in Genius Sports by 0.8% in the 4th quarter. Granahan Investment Management LLC now owns 7,963,691 shares of the company’s stock valued at $68,886,000 after acquiring an additional 64,752 shares during the last quarter. Voss Capital LP grew its position in Genius Sports by 16.7% in the 4th quarter. Voss Capital LP now owns 7,923,432 shares of the company’s stock valued at $68,538,000 after acquiring an additional 1,134,029 shares during the last quarter. Finally, Senvest Management LLC increased its stake in Genius Sports by 12.2% in the third quarter. Senvest Management LLC now owns 7,546,809 shares of the company’s stock worth $59,167,000 after purchasing an additional 819,385 shares during the period. Institutional investors own 81.91% of the company’s stock.

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.