Genius Sports (NYSE:GENI) Upgraded to Strong-Buy at Freedom Capital

Freedom Capital upgraded shares of Genius Sports (NYSE:GENI) to a strong-buy rating in a report issued on Monday,Zacks.com reports.

A number of other analysts have also recently weighed in on the company. Roth Capital set a $10.00 price objective on Genius Sports in a research report on Friday, May 8th. Truist Financial cut their price target on Genius Sports from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft initiated coverage on Genius Sports in a report on Monday, May 11th. They set a “buy” rating and a $10.00 price target for the company. Stifel Nicolaus dropped their price objective on shares of Genius Sports from $7.00 to $5.00 and set a “hold” rating on the stock in a research note on Thursday, April 9th. Finally, Wells Fargo & Company cut their price objective on shares of Genius Sports from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.44.

Genius Sports Stock Performance

NYSE GENI opened at $6.79 on Monday. The firm has a market cap of $1.67 billion, a PE ratio of -11.14 and a beta of 1.91. Genius Sports has a one year low of $3.83 and a one year high of $13.73. The firm’s fifty day moving average is $5.96 and its two-hundred day moving average is $6.27.

Genius Sports (NYSE:GENI) last announced its earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.12). Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.The business had revenue of $187.95 million for the quarter, compared to analyst estimates of $170.60 million. During the same quarter last year, the company posted ($0.03) EPS. Genius Sports’s quarterly revenue was up 30.5% on a year-over-year basis. Research analysts predict that Genius Sports will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On Genius Sports

Several institutional investors have recently made changes to their positions in GENI. Parallel Advisors LLC acquired a new stake in shares of Genius Sports in the first quarter valued at about $25,000. Baer Investment Advisory LLC acquired a new stake in shares of Genius Sports during the 1st quarter valued at approximately $61,000. UMB Bank n.a. acquired a new stake in shares of Genius Sports during the 4th quarter valued at approximately $63,000. Lexington Hill Partners LLC purchased a new stake in shares of Genius Sports during the 2nd quarter worth approximately $64,000. Finally, Pacer Advisors Inc. boosted its stake in shares of Genius Sports by 29.1% during the 1st quarter. Pacer Advisors Inc. now owns 15,270 shares of the company’s stock worth $68,000 after acquiring an additional 3,440 shares in the last quarter. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Genius Sports Company Profile

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.