Genius Sports (NYSE:GENI) Announces Earnings Results

Genius Sports (NYSE:GENI) posted its quarterly earnings data on Tuesday. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16), RTT News reports. The company had revenue of $175.53 million for the quarter, compared to analysts’ expectations of $175.52 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. During the same quarter in the prior year, the business posted ($0.10) EPS. Genius Sports updated its FY 2025 guidance to EPS.

Genius Sports Price Performance

Shares of Genius Sports stock opened at $9.73 on Thursday. Genius Sports has a 1-year low of $4.91 and a 1-year high of $10.33. The company has a market capitalization of $2.09 billion, a PE ratio of -30.39 and a beta of 2.15. The business has a 50-day moving average of $8.99 and a 200-day moving average of $8.43.

Analyst Upgrades and Downgrades

Several analysts have commented on GENI shares. The Goldman Sachs Group lifted their target price on shares of Genius Sports from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Wednesday. Benchmark lifted their price target on shares of Genius Sports from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $12.00 price objective on shares of Genius Sports in a research note on Tuesday. Macquarie raised their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Lake Street Capital upped their price target on shares of Genius Sports from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $11.83.

Genius Sports Company Profile

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.