Genius Sports (NYSE:GENI) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of Genius Sports (NYSE:GENI) in a report published on Monday, Marketbeat.com reports. The brokerage issued a buy rating and a $12.00 price target on the stock.

Other analysts have also recently issued research reports about the stock. Citizens Jmp cut shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Needham & Company LLC set a $13.00 price target on Genius Sports in a research report on Wednesday, March 5th. The Goldman Sachs Group increased their target price on Genius Sports from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. B. Riley began coverage on shares of Genius Sports in a report on Tuesday, March 18th. They issued a “buy” rating for the company. Finally, Craig Hallum set a $15.00 price objective on shares of Genius Sports in a report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Genius Sports has a consensus rating of “Moderate Buy” and a consensus target price of $12.19.

Genius Sports Trading Up 1.5 %

NYSE GENI opened at $10.47 on Monday. Genius Sports has a 12 month low of $4.91 and a 12 month high of $11.16. The company has a market capitalization of $2.25 billion, a PE ratio of -32.72 and a beta of 1.98. The stock has a 50-day simple moving average of $9.63 and a 200 day simple moving average of $8.97.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Tuesday, March 4th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $175.53 million during the quarter, compared to the consensus estimate of $175.52 million. During the same period last year, the company earned ($0.10) earnings per share. As a group, sell-side analysts predict that Genius Sports will post -0.1 earnings per share for the current fiscal year.

Institutional Trading of Genius Sports

A number of hedge funds and other institutional investors have recently modified their holdings of GENI. Capital Research Global Investors boosted its position in 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 purchasing an additional 1,610,078 shares during the last quarter. Granahan Investment Management LLC boosted its holdings in shares of 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 buying an additional 64,752 shares during the last quarter. Voss Capital LP grew its stake in shares of Genius Sports by 16.7% in the fourth quarter. Voss Capital LP now owns 7,923,432 shares of the company’s stock valued at $68,538,000 after buying an additional 1,134,029 shares in the last quarter. Hood River Capital Management LLC grew its stake in shares of Genius Sports by 6.2% in the fourth quarter. Hood River Capital Management LLC now owns 5,026,233 shares of the company’s stock valued at $43,477,000 after buying an additional 295,485 shares in the last quarter. Finally, Divisadero Street Capital Management LP increased its holdings in Genius Sports by 32,386.5% during the fourth quarter. Divisadero Street Capital Management LP now owns 3,551,751 shares of the company’s stock worth $30,723,000 after buying an additional 3,540,818 shares during the last quarter. Institutional investors and hedge funds 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.