Genius Sports (NYSE:GENI) Coverage Initiated at Macquarie
Research analysts at Macquarie began coverage on shares of Genius Sports (NYSE:GENI – Get Free Report) in a research report issued to clients and investors on Thursday, Briefing.com reports. The brokerage set an “outperform” rating and a $11.00 price target on the stock. Macquarie’s price target points to a potential upside of 78.57% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on the stock. Cantor Fitzgerald initiated coverage on shares of Genius Sports in a research report on Thursday, October 12th. They issued an “overweight” rating and a $8.00 target price for the company. JMP Securities reissued a “market outperform” rating and issued a $9.00 target price on shares of Genius Sports in a research report on Wednesday, September 27th. Craig Hallum reduced their target price on shares of Genius Sports from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, November 14th. Needham & Company LLC reduced their target price on shares of Genius Sports from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, November 14th. Finally, Benchmark reissued a “buy” rating and issued a $10.00 target price on shares of Genius Sports in a research report on Tuesday, November 14th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Genius Sports has a consensus rating of “Buy” and an average target price of $9.46.
Get Our Latest Stock Report on Genius Sports
Genius Sports Price Performance
GENI stock opened at $6.16 on Thursday. The company has a fifty day moving average price of $5.31 and a two-hundred day moving average price of $5.98. Genius Sports has a one year low of $3.12 and a one year high of $8.45. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -7.16 and a beta of 2.01.
Genius Sports (NYSE:GENI – Get Free Report) last released its quarterly earnings data on Monday, November 13th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). Genius Sports had a negative return on equity of 14.37% and a negative net margin of 44.69%. The company had revenue of $101.70 million for the quarter, compared to the consensus estimate of $100.38 million. During the same period last year, the firm earned ($0.04) earnings per share. The company’s revenue for the quarter was up 29.2% compared to the same quarter last year. Research analysts anticipate that Genius Sports will post -0.25 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd acquired a new position in Genius Sports during the third quarter worth about $28,000. Geneos Wealth Management Inc. acquired a new position in Genius Sports during the third quarter worth about $29,000. Altshuler Shaham Ltd acquired a new position in Genius Sports during the fourth quarter worth about $35,000. WealthShield Partners LLC acquired a new position in shares of Genius Sports in the second quarter valued at approximately $62,000. Finally, ExodusPoint Capital Management LP acquired a new position in shares of Genius Sports in the first quarter valued at approximately $52,000. Institutional investors and hedge funds own 43.24% of the company’s stock.
Genius Sports Company Profile (Get Free Report)
Genius Sports Limited develops and sells 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.
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Original: MarketBeat News Feed: Genius Sports (NYSE:GENI) Coverage Initiated at Macquarie