Genius Sports Poised to Capitalize on NFL Betting Boom, Says Macquarie
December 22, 2023
☀️Trending News
Macquarie has tipped that Genius Sports ($NYSE:GENI) will capitalize on the upcoming NFL betting boom. The company is a global leader in sports data and technology with a focus on sports integrity. By providing reliable and cutting-edge services that capture and analyze data from real-time sports events, Genius Sports has established itself as a leader in the industry. As the NFL season kicks off this month, Macquarie expects that Genius Sports will benefit from the surge in betting activity.
The company’s services are designed to provide authorized bookmakers with accurate and comprehensive insights into sports events so they can offer an entertaining and secure betting experience to their customers. At the same time, Genius Sports’ integrity services help protect the integrity of sports by monitoring for irregularities and ensuring that no event is manipulated. Thanks to its robust and reliable solutions, Genius Sports is well-positioned to take advantage of the NFL betting boom.
Stock Price
On Thursday, GENIUS SPORTS stock opened at $6.4 and closed at $6.2, up by 0.6% from prior closing price of 6.2. This indicates that the market is increasingly optimistic about the company’s future prospects, and Macquarie analysts have gone on record to express their favorable view on Genius Sports. The firm notes that the company has a unique opportunity to become a market leader in the sports betting sector, given its strong core technology and partnerships with major sports leagues and organizations. As such, Genius Sports is expected to benefit from increased consumer demand and regulatory clarity as sports betting continues to gain traction in the US. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Genius Sports. More…
| Total Revenues | Net Income | Net Margin |
| 391.14 | -174.8 | -25.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Genius Sports. More…
| Operations | Investing | Financing |
| -7.47 | -45.81 | -0.61 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Genius Sports. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 772.2 | 194.76 | 2.76 |
Key Ratios Snapshot
Some of the financial key ratios for Genius Sports are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 43.8% | – | -20.8% |
| FCF Margin | ROE | ROA |
| -14.2% | -8.6% | -6.6% |
Analysis
At GoodWhale, we have conducted an analysis of GENIUS SPORTS‘ fundamentals. According to our Star Chart, the company has an intermediate health score of 6/10, which indicates that it is likely to sustain future operations in times of crisis. Looking further into the details of GENIUS SPORTS, it is strong in growth and medium in asset but weak in dividend and profitability. Based on this profile, we classify GENIUS SPORTS as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Therefore, investors who are comfortable with higher volatility and more risk may be interested in investing in this company. More…
Peers
The company has a wide range of products and services that it offers to its clients. The company has a strong presence in the sports data and technology industry. The company has a strong competitive edge over its competitors. The company has a strong client base and a strong market share. The company is well-positioned to grow in the sports data and technology industry.
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Summary
Genius Sports Group is a leading sports data and technology provider that has recently been tipped by Macquarie to benefit from the rising trend of legal sports betting in the United States. The company is expected to witness an increased demand for its data and technology products due to the country’s new legislation on sports betting. Macquarie analysts have forecasted strong growth prospects for the company in the coming years, citing its advantageous market position as a key factor. They predict that Genius Sports will benefit from an increasing influx of investments in the sector, as more states in the US open up their markets to legal sports betting.
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