BTIG Research Cuts Genius Sports (NYSE:GENI) Price Target to $9.00

Genius Sports (NYSE:GENI) had its price target trimmed by BTIG Research from $10.00 to $9.00 in a report published on Thursday, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

Other analysts have also issued research reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Genius Sports in a report on Friday, March 27th. B. Riley Financial restated a “buy” rating on shares of Genius Sports in a report on Friday, February 6th. Truist Financial decreased their price target on Genius Sports from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. UBS Group restated a “buy” rating on shares of Genius Sports in a report on Wednesday, March 4th. Finally, Oppenheimer decreased their price target on Genius Sports from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, March 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.78.

Genius Sports Stock Down 8.1%

Genius Sports stock opened at $4.39 on Thursday. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -7.20 and a beta of 1.80. The firm’s fifty day moving average is $4.83 and its 200 day moving average is $8.00. Genius Sports has a 52-week low of $3.83 and a 52-week high of $13.73.

Genius Sports (NYSE:GENI) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). The business had revenue of $187.95 million for the quarter, compared to analysts’ expectations of $170.60 million. Genius Sports had a negative net margin of 22.26% and a negative return on equity of 20.15%. Genius Sports’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.03) EPS.

Hedge Funds Weigh In On Genius Sports

Several hedge funds have recently bought and sold shares of GENI. Parallel Advisors LLC bought a new position in Genius Sports in the 1st quarter valued at $25,000. Baer Investment Advisory LLC bought a new position in Genius Sports in the 1st quarter valued at $61,000. UMB Bank n.a. bought a new position in Genius Sports in the 4th quarter valued at $63,000. Aster Capital Management DIFC Ltd bought a new position in Genius Sports in the 3rd quarter valued at $65,000. Finally, Strs Ohio grew its position in Genius Sports by 178.9% in the 3rd quarter. Strs Ohio now owns 5,300 shares of the company’s stock valued at $66,000 after acquiring an additional 3,400 shares during the last quarter. Institutional investors own 81.91% of the company’s stock.

Genius Sports News Roundup

Here are the key news stories impacting Genius Sports this week:

• Positive Sentiment: Several analysts still see significant upside in Genius Sports, even after trimming price targets: Citi cut its target to $8, BTIG to $9, and Needham to $10, all while maintaining buy ratings. That suggests analysts still view the recent selloff as overdone relative to the company’s long-term potential.
• Positive Sentiment: Genius Sports raised its outlook and highlighted growth tied to prediction markets, which could become an additional revenue tailwind if that trend continues. Genius Sports Touts Prediction Market Growth, Raises Outlook
• Positive Sentiment: Investor interest is also being supported by bullish coverage framing Genius Sports as a beneficiary of the broader prediction-market boom, reinforcing the stock’s longer-term growth narrative. Kalshi vs. Polymarket? This Small-Cap Sports Data Stock Is the Surefire Winner Either Way.
• Neutral Sentiment: The company reported first-quarter revenue of $187.95 million, above expectations and up 30.5% year over year, but earnings missed estimates at a loss of $0.21 per share versus the expected $0.09 loss. The revenue beat is constructive, but the earnings miss likely kept sentiment mixed. Genius Sports quarterly earnings report

About Genius Sports

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.