Equities analysts predict that Genius Sports Limited (NYSE:GENI – Get Rating) will announce $78.05 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Genius Sports’ earnings. The highest sales estimate is $78.10 million and the lowest is $78.00 million. Genius Sports reported sales of $53.74 million during the same quarter last year, which would indicate a positive year over year growth rate of 45.2%. The company is expected to issue its next earnings results before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Genius Sports will report full-year sales of $343.50 million for the current financial year, with estimates ranging from $341.00 million to $346.00 million. For the next financial year, analysts expect that the firm will report sales of $437.30 million, with estimates ranging from $437.00 million to $437.60 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Genius Sports.
Genius Sports (NYSE:GENI – Get Rating) last issued its earnings results on Friday, March 11th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.21). Genius Sports had a negative net margin of 225.61% and a negative return on equity of 52.87%. The business had revenue of $84.00 million for the quarter, compared to analysts’ expectations of $80.72 million. The company’s revenue for the quarter was up 78.7% on a year-over-year basis.
Several brokerages have commented on GENI. Needham & Company LLC cut their target price on Genius Sports from $13.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, March 14th. UBS Group dropped their price target on Genius Sports from $9.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, March 17th. Credit Suisse Group dropped their price target on Genius Sports from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, March 14th. B. Riley dropped their price target on Genius Sports from $17.00 to $13.00 in a research note on Monday, March 14th. Finally, Craig Hallum dropped their price target on Genius Sports from $22.00 to $17.00 in a research note on Monday, March 14th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $15.65.
Shares of GENI opened at $3.96 on Wednesday. The business’s fifty day simple moving average is $4.53 and its two-hundred day simple moving average is $8.07. Genius Sports has a 12 month low of $3.74 and a 12 month high of $25.18. The company has a market cap of $788.48 million, a price-to-earnings ratio of -0.60 and a beta of 1.70.
Several hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Genius Sports in the first quarter worth about $214,000. AMI Asset Management Corp grew its position in Genius Sports by 3.8% in the first quarter. AMI Asset Management Corp now owns 659,448 shares of the company’s stock worth $3,033,000 after acquiring an additional 23,869 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Genius Sports by 58.0% in the first quarter. Exchange Traded Concepts LLC now owns 1,121,683 shares of the company’s stock worth $5,160,000 after acquiring an additional 411,841 shares in the last quarter. Truist Financial Corp grew its position in 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 acquiring an additional 11,376 shares in the last quarter. Finally, ARK Investment Management LLC grew its position in Genius Sports by 2.0% in the first quarter. ARK Investment Management LLC now owns 5,388,472 shares of the company’s stock worth $24,787,000 after acquiring an additional 104,663 shares in the last quarter. 42.13% of the stock is currently owned by hedge funds and other institutional investors.
Genius Sports Company Profile (Get Rating)
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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