Genius Sports (NYSE:GENI) Price Target Lowered to $8.00 at Citigroup

Genius Sports (NYSE:GENI) had its price objective cut by Citigroup from $9.00 to $8.00 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the stock.

GENI has been the subject of several other reports. Benchmark restated a “buy” rating on shares of Genius Sports in a report on Thursday, March 5th. Guggenheim reduced their target price on Genius Sports from $17.00 to $12.00 and set a “buy” rating for the company in a report on Friday, February 6th. Needham & Company LLC reduced their target price on Genius Sports from $14.00 to $10.00 and set a “buy” rating for the company in a report on Friday. BTIG Research reduced their target price on Genius Sports from $10.00 to $9.00 and set a “buy” rating for the company in a report on Thursday. Finally, B. Riley Financial reiterated a “buy” rating on shares of Genius Sports in a report on Friday. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.78.

Genius Sports Stock Performance

GENI opened at $4.39 on Friday. The business has a 50 day moving average price of $4.83 and a 200 day moving average price of $8.00. Genius Sports has a twelve month low of $3.83 and a twelve month high of $13.73. The firm has a market cap of $1.08 billion, a P/E ratio of -7.20 and a beta of 1.80.

Genius Sports (NYSE:GENI) last posted its earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.12). Genius Sports had a negative return on equity of 20.15% and a negative net margin of 22.26%.The company had revenue of $187.95 million during the quarter, compared to analyst estimates of $170.60 million. During the same quarter last year, the firm posted ($0.03) earnings per share. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GENI. Royal Bank of Canada lifted its holdings in shares of Genius Sports by 17.6% during the first quarter. Royal Bank of Canada now owns 44,339 shares of the company’s stock worth $444,000 after buying an additional 6,623 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Genius Sports by 10.0% in the second quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after purchasing an additional 1,388 shares in the last quarter. Prudential Financial Inc. acquired a new position in shares of Genius Sports in the second quarter valued at $266,000. Invesco Ltd. raised its stake in shares of Genius Sports by 3,584.2% in the second quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock valued at $34,233,000 after purchasing an additional 3,202,290 shares in the last quarter. Finally, Frontier Capital Management Co. LLC acquired a new position in shares of Genius Sports in the second quarter valued at $14,220,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports News Summary

Here are the key news stories impacting Genius Sports this week:

• Positive Sentiment: Several analysts still see significant upside in Genius Sports, even after trimming price targets: Citi cut its target to $8, BTIG to $9, and Needham to $10, all while maintaining buy ratings. That suggests analysts still view the recent selloff as overdone relative to the company’s long-term potential.
• Positive Sentiment: Genius Sports raised its outlook and highlighted growth tied to prediction markets, which could become an additional revenue tailwind if that trend continues. Genius Sports Touts Prediction Market Growth, Raises Outlook
• Positive Sentiment: Investor interest is also being supported by bullish coverage framing Genius Sports as a beneficiary of the broader prediction-market boom, reinforcing the stock’s longer-term growth narrative. Kalshi vs. Polymarket? This Small-Cap Sports Data Stock Is the Surefire Winner Either Way.
• Neutral Sentiment: The company reported first-quarter revenue of $187.95 million, above expectations and up 30.5% year over year, but earnings missed estimates at a loss of $0.21 per share versus the expected $0.09 loss. The revenue beat is constructive, but the earnings miss likely kept sentiment mixed. Genius Sports quarterly earnings report

About Genius Sports

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.