Genius Sports Limited (NYSE:GENI – Get Rating) – Oppenheimer upped their Q4 2022 earnings estimates for Genius Sports in a report released on Monday, September 26th. Oppenheimer analyst J. Kelly now anticipates that the company will post earnings per share of ($0.12) for the quarter, up from their prior estimate of ($0.13). The consensus estimate for Genius Sports’ current full-year earnings is ($0.43) per share. Oppenheimer also issued estimates for Genius Sports’ FY2023 earnings at ($0.52) EPS and FY2025 earnings at ($0.21) EPS.
Genius Sports (NYSE:GENI – Get Rating) last released its quarterly earnings data on Tuesday, August 16th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.07. The firm had revenue of $71.12 million for the quarter, compared to analyst estimates of $64.70 million. Genius Sports had a negative net margin of 54.23% and a negative return on equity of 25.86%. The business’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.69) earnings per share.
A number of other analysts have also weighed in on GENI. B. Riley increased their price objective on shares of Genius Sports from $5.25 to $8.00 in a research note on Wednesday, August 17th. Needham & Company LLC raised their price target on shares of Genius Sports from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Citigroup dropped their price target on shares of Genius Sports from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, July 7th. Finally, Credit Suisse Group dropped their price target on shares of Genius Sports from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 17th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Genius Sports currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.43.
Genius Sports Stock Down 3.4 %
NYSE:GENI opened at $3.67 on Thursday. The firm has a market capitalization of $822.55 million, a P/E ratio of -4.17 and a beta of 1.28. Genius Sports has a 1-year low of $2.20 and a 1-year high of $19.85. The company’s fifty day moving average price is $3.94 and its 200-day moving average price is $3.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.97 and a quick ratio of 1.97.
Hedge Funds Weigh In On Genius Sports
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Exos Asset Management LLC lifted its holdings in Genius Sports by 37.5% during the fourth quarter. Exos Asset Management LLC now owns 17,697 shares of the company’s stock valued at $134,000 after purchasing an additional 4,827 shares in the last quarter. Schrum Private Wealth Management LLC purchased a new position in shares of Genius Sports in the first quarter worth about $39,000. Truist Financial Corp lifted its stake in shares of Genius Sports by 67.0% in the first quarter. Truist Financial Corp now owns 28,348 shares of the company’s stock worth $130,000 after buying an additional 11,376 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Genius Sports by 45.2% in the first quarter. Gamco Investors INC. ET AL now owns 37,900 shares of the company’s stock worth $174,000 after buying an additional 11,800 shares in the last quarter. Finally, MBE Wealth Management LLC purchased a new position in shares of Genius Sports in the second quarter worth about $28,000. 34.15% of the stock is owned by hedge funds and other institutional investors.
About Genius Sports
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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