Genius Sports (NYSE:GENI) Announces Earnings Results, Misses Expectations By $0.16 EPS

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

Genius Sports Trading Up 11.6 %

Genius Sports stock opened at $9.29 on Wednesday. The firm has a 50 day moving average of $8.97 and a 200 day moving average of $8.42. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -29.03 and a beta of 2.15. Genius Sports has a 12-month low of $4.91 and a 12-month high of $10.33.

Analyst Upgrades and Downgrades

Several research analysts recently commented on GENI shares. The Goldman Sachs Group lifted their target price on shares of Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Needham & Company LLC restated a “buy” rating and set a $12.00 target price on shares of Genius Sports in a report on Tuesday. Oppenheimer boosted their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Macquarie upped their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Citizens Jmp lowered Genius Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.69.

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.