Genius Sports (NYSE:GENI) Given Outperform Rating at Macquarie

Macquarie reiterated their outperform rating on shares of Genius Sports (NYSE:GENI) in a research note released on Wednesday,Benzinga reports. Macquarie currently has a $15.00 price target on the stock.

A number of other research analysts have also recently issued reports on GENI. JMP Securities lifted their price target on shares of Genius Sports from $13.00 to $15.00 and gave the company a “market outperform” rating in a research report on Wednesday, September 3rd. Needham & Company LLC reissued a “buy” rating and set a $16.00 price target on shares of Genius Sports in a research report on Tuesday. Weiss Ratings reissued a “sell (d)” rating on shares of Genius Sports in a research report on Tuesday, October 14th. Benchmark lifted their price target on shares of Genius Sports from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Finally, Northland Securities assumed coverage on shares of Genius Sports in a report on Friday, July 25th. They issued an “outperform” rating and a $14.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.22.

Genius Sports Price Performance

Shares of NYSE GENI opened at $11.02 on Wednesday. Genius Sports has a 1 year low of $7.07 and a 1 year high of $13.73. The stock has a market cap of $2.37 billion, a P/E ratio of -23.45 and a beta of 1.84. The firm has a 50-day moving average of $12.24 and a 200 day moving average of $11.24.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Tuesday, November 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). Genius Sports had a negative net margin of 19.71% and a negative return on equity of 14.69%. The business had revenue of $166.28 million for the quarter, compared to analysts’ expectations of $156.24 million. Genius Sports has set its FY 2025 guidance at EPS. Research analysts expect that Genius Sports will post -0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. D.A. Davidson & CO. grew its position in Genius Sports by 67.0% during the first quarter. D.A. Davidson & CO. now owns 89,551 shares of the company’s stock valued at $896,000 after buying an additional 35,943 shares during the period. Envestnet Asset Management Inc. grew its position in Genius Sports by 194.9% during the first quarter. Envestnet Asset Management Inc. now owns 48,904 shares of the company’s stock valued at $490,000 after buying an additional 32,322 shares during the period. IFC Advisors LLC grew its position in Genius Sports by 6.8% during the first quarter. IFC Advisors LLC now owns 2,735,155 shares of the company’s stock valued at $27,379,000 after buying an additional 173,171 shares during the period. Moody National Bank Trust Division grew its position in Genius Sports by 11.8% during the second quarter. Moody National Bank Trust Division now owns 661,714 shares of the company’s stock valued at $6,882,000 after buying an additional 69,600 shares during the period. Finally, Entropy Technologies LP bought a new stake in Genius Sports during the first quarter valued at approximately $906,000. 81.91% of the stock is 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.