Genius Sports (GENI:NYE), a leading provider of sports data and technology services, is set to release its quarterly earnings report on Friday, March 10th. The company’s financial performance will be closely watched by investors and analysts, who are anticipating earnings of ($0.11) per share for the quarter.
GENI Stock Price Analysis:
Shares of GENI stock opened at $4.64 on Friday, with a market cap of $1.02 billion. The company has a quick ratio and current ratio of 1.70, indicating a healthy liquidity position, and a debt-to-equity ratio of 0.01.
Genius Sports has a price-to-earnings ratio of -8.44 and a beta of 1.98. Over the past year, the stock has traded within a range of $2.20 to $5.82, with a fifty day simple moving average of $4.58 and a two-hundred-day simple moving average of $4.46.
Hedge Funds & Institutional Investors:
A number of institutional investors and hedge funds have recently modified their holdings of Genius Sports stock. Altshuler Shaham Ltd acquired a new stake in the company in the fourth quarter, while the State of Wyoming and United Capital Financial Advisers LLC also increased their positions.
Squarepoint Ops LLC and Legal & General Group Plc have also raised their stakes in Genius Sports stock. In total, institutional investors and hedge funds now own 34.12% of the GENI stock.
Investors and analysts will be closely monitoring Genius Sports’ earnings report to gauge the company’s financial health and future prospects.
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.
The company also provides live sports data collection; pre-game and in-game odds feeds; risk management services, including customer profiling, monitoring of incoming bets, automated acceptance and rejection of bets, and limit setting; live streaming services; creation, delivery, and measurement services for personalized online marketing campaigns; and fan engagement widgets for digital publishers that offer live game statistics and betting-related content. The company is headquartered in London, the United Kingdom.