Genius Sports (NYSE:GENI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Genius Sports (NYSE:GENI) from a strong sell rating to a sell rating in a research report released on Monday morning.

GENI has been the subject of several other reports. Stifel Nicolaus increased their price objective on Genius Sports from $5.00 to $7.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group began coverage on Genius Sports in a research note on Monday, July 27th. They issued a “buy” rating and a $9.50 target price on the stock. Truist Financial dropped their price target on Genius Sports from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Weiss Ratings downgraded Genius Sports from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 17th. Finally, Oppenheimer lifted their price objective on Genius Sports from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $11.14.

Genius Sports Price Performance

NYSE GENI opened at $8.25 on Monday. The business’s fifty day moving average is $6.49 and its 200-day moving average is $5.97. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of -13.52 and a beta of 1.90. Genius Sports has a one year low of $3.83 and a one year high of $13.73.

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

Institutional Trading of Genius Sports

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Prelude Capital Management LLC increased its holdings in shares of Genius Sports by 1.3% in the 3rd quarter. Prelude Capital Management LLC now owns 92,529 shares of the company’s stock worth $1,146,000 after buying an additional 1,181 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Genius Sports by 10.0% during the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after buying an additional 1,388 shares in the last quarter. SkyView Investment Advisors LLC lifted its holdings in shares of Genius Sports by 2.0% during the 2nd quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock worth $802,000 after acquiring an additional 1,512 shares during the last quarter. Main Management ETF Advisors LLC lifted its holdings in shares of Genius Sports by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 163,647 shares of the company’s stock worth $1,803,000 after acquiring an additional 1,672 shares during the last quarter. Finally, First Dallas Securities Inc. grew its position in Genius Sports by 3.0% in the fourth quarter. First Dallas Securities Inc. now owns 68,500 shares of the company’s stock worth $755,000 after acquiring an additional 2,000 shares in the last quarter. 81.91% of the stock is currently owned by 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.