Genius Sports (NYSE:GENI) Issues Earnings Results

Genius Sports (NYSE:GENI) posted its earnings results on Wednesday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.02), Briefing.com reports. Genius Sports had a negative return on equity of 12.67% and a negative net margin of 20.71%. The firm had revenue of $119.72 million during the quarter, compared to analysts’ expectations of $116.53 million. During the same quarter in the prior year, the company earned ($0.12) earnings per share. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year.

Genius Sports Trading Down 3.9 %

Shares of NYSE:GENI traded down $0.21 during trading on Friday, reaching $5.24. 693,963 shares of the company traded hands, compared to its average volume of 2,201,714. Genius Sports has a 52-week low of $4.52 and a 52-week high of $8.45. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -13.62 and a beta of 1.98. The business’s fifty day moving average is $5.67 and its 200-day moving average is $5.88.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GENI shares. The Goldman Sachs Group assumed coverage on shares of Genius Sports in a research report on Tuesday, April 16th. They issued a “buy” rating and a $7.50 price objective on the stock. Needham & Company LLC restated a “buy” rating and issued a $9.00 target price on shares of Genius Sports in a research note on Thursday. B. Riley initiated coverage on shares of Genius Sports in a report on Friday, April 5th. They issued a “buy” rating and a $9.00 target price for the company. Oppenheimer restated an “outperform” rating and issued a $10.00 target price on shares of Genius Sports in a research note on Thursday, April 4th. Finally, Benchmark reaffirmed a “buy” rating and set a $10.00 price target on shares of Genius Sports in a research report on Thursday, March 7th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $9.33.

About Genius Sports

Genius Sports Limited engages in the development and sale of 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.