Genius Sports (NYSE:GENI – Get Rating) is scheduled to release its earnings data before the market opens on Thursday, November 10th. Analysts expect Genius Sports to post earnings of ($0.08) per share for the quarter. Genius Sports has set its FY 2023 guidance at EPS and its FY 2022 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.
Genius Sports (NYSE:GENI – Get Rating) last issued 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. Genius Sports had a negative net margin of 54.23% and a negative return on equity of 25.86%. The business had revenue of $71.12 million during the quarter, compared to analysts’ expectations of $64.70 million. During the same period last year, the company posted ($0.69) EPS. The company’s revenue was up 27.3% on a year-over-year basis. On average, analysts expect Genius Sports to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Genius Sports Stock Up 3.4 %
Shares of NYSE GENI opened at $5.43 on Thursday. Genius Sports has a 1 year low of $2.20 and a 1 year high of $19.70. The firm’s 50 day moving average price is $4.23 and its 200 day moving average price is $3.55. The firm has a market cap of $1.22 billion, a P/E ratio of -6.17 and a beta of 1.23. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 1.97.
Hedge Funds Weigh In On Genius Sports
Hedge funds have recently made changes to their positions in the business. Gamco Investors INC. ET AL grew its holdings in Genius Sports by 45.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 37,900 shares of the company’s stock worth $174,000 after acquiring an additional 11,800 shares during the last quarter. Bridgefront Capital LLC acquired a new stake in Genius Sports during the 1st quarter worth approximately $65,000. US Bancorp DE acquired a new stake in Genius Sports during the 1st quarter worth approximately $69,000. Graham Capital Management L.P. raised its holdings in Genius Sports by 122.8% during the 1st quarter. Graham Capital Management L.P. now owns 28,449 shares of the company’s stock worth $130,000 after buying an additional 15,678 shares during the period. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Genius Sports in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 34.15% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Credit Suisse Group reduced their target price on shares of Genius Sports from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, August 17th. Needham & Company LLC boosted their price objective 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 lowered their price objective on shares of Genius Sports from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, July 7th. Finally, B. Riley boosted their target price on shares of Genius Sports from $5.25 to $8.00 in a research note on Wednesday, August 17th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Genius Sports presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.43.
Genius Sports Company Profile
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.