{"id":316190,"date":"2024-04-02T17:24:02","date_gmt":"2024-04-02T22:24:02","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=316190"},"modified":"2024-04-03T10:04:59","modified_gmt":"2024-04-03T15:04:59","slug":"genius-sports-lauded-as-best-small-cap-betting-idea","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/genius-sports-lauded-as-best-small-cap-betting-idea\/","title":{"rendered":"Genius Sports Dubbed Top Small-Cap Betting Idea by Oppenheimer"},"content":{"rendered":"

Amid a month-long slump that\u2019s seen the stock shed 24.2% and enter a bear market along the way, it would be easy to be dismissive of Genius Sports (NYSE: GENI), but at least one analyst believes investors should consider a different view.<\/p>\n

\"Genius\"
A slide from a Genius Sports investor presentation. The stock was called the best small-cap betting idea by Oppenheimer. (Image: Genius Sports)<\/figcaption><\/figure>\n

In a new report to clients, Oppenheimer analyst Jed Kelly called Genius the best small-cap play<\/a> on the burgeoning domestic sports wagering industry. Small-cap equities are generally defined as those with market values up to $2 billion. With a market capitalization of $1.15 billion as of Tuesday\u2019s close, Genius fits that bill.<\/p>\n

\n

Kelly said one of the perks associated with Genius is that as a picks and shovels player in the sports betting space, it\u2019s not exposed to market share trends, which are largely dominated by Flutter Entertainment\u2019s (NYSE: FLUT) FanDuel, and DraftKings (NASDAQ: DKNG). That’s to say, as a data provider, Genius isn\u2019t exposed to the consumer-facing side of the industry, meaning it\u2019s not adversely affected by the aforementioned duopoly or negative consumer spending trends.<\/p>\n<\/div>\n

Rather, Genius provides services and technology essential to operators. In fact, it\u2019s arguably part of a duopoly of its own as it, and rival Sportradar (NASDAQ: SRAD), dominated the sports betting data market.<\/p>\n

Genius Sports Loses Overhang<\/h2>\n

Another catalyst for Genius Sports, as noted by Oppenheimer, is the removal of a drag on the stock following Apax Partners reducing its stake in the company by about 10% to 21.3 million shares.<\/p>\n

On Monday, Genius told investors that Gabriele Cipparrone, a partner at Apax, is stepping down from the data providers, effective April 8, following the share sale. Kelly said the Apax transaction could remove a sponsor distraction, boost liquidity in Genius shares, and compel investors to reexamine the company\u2019s attractive fundamentals<\/a>.<\/p>\n

We have spent the last three years as a public company working very hard to cultivate a remarkable group of public equity investors who we are proud to call shareholders in Genius Sports,\u201d said Genius CEO Mark Locke in a statement. \u201cWith further liquidity in our stock, we look forward to continuing to attract and to retain the type of thoughtful and long-term shareholders we are fortunate to call our partners today.\u201d<\/p><\/blockquote>\n

Genius said it\u2019s undertaking \u201ca comprehensive search\u201d to find qualified board members as replacements for those previously classified as representatives of Apax Partners.<\/p>\n

Other Catalysts for Genius Sports<\/h2>\n

Genius previously told investors it expects to post 2024 sales of $480 million on adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $75 million. Positive free cash flow is also in the cards this year.<\/p>\n

The company could also break even on the basis of earnings per share (EPS) in 2025 before turning profitable by that metric the following year.<\/strong><\/p>\n

Of the 10 analysts covering the stock, nine rate it the equivalent of \u201cstrong buy\u201d or \u201cbuy,\u201d and the consensus price target of $9.15 implies upside of 65.7% from Tuesday\u2019s closing price of $5.52.<\/p>\n","protected":false},"excerpt":{"rendered":"

Amid a month-long slump that\u2019s seen the stock shed 24.2% and enter a bear market along the way, it would be easy to be dismissive of Genius Sports (NYSE: GENI), but at least one analyst believes investors should consider a different view. In a new report to clients, Oppenheimer analyst Jed Kelly called Genius the […]<\/p>\n","protected":false},"author":46,"featured_media":236627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,1074,16693],"tags":[81903,80968,82041],"acf":[],"yoast_head":"\nGenius Sports Lauded As Best Small-Cap Betting Idea<\/title>\n<meta name=\"description\" content=\"Genius Sports Dubbed Top Small-Cap Betting Idea by Oppenheimer.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/genius-sports-lauded-as-best-small-cap-betting-idea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Genius Sports Lauded As Best Small-Cap Betting Idea\" \/>\n<meta property=\"og:description\" content=\"Genius Sports Dubbed Top Small-Cap Betting Idea by Oppenheimer.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/genius-sports-lauded-as-best-small-cap-betting-idea\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-02T22:24:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-03T15:04:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/genius.png\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1152\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/genius-sports-lauded-as-best-small-cap-betting-idea\/\",\"url\":\"https:\/\/www.casino.org\/news\/genius-sports-lauded-as-best-small-cap-betting-idea\/\",\"name\":\"Genius Sports Lauded As Best Small-Cap Betting Idea\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/genius-sports-lauded-as-best-small-cap-betting-idea\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/genius-sports-lauded-as-best-small-cap-betting-idea\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/genius.png\",\"datePublished\":\"2024-04-02T22:24:02+00:00\",\"dateModified\":\"2024-04-03T15:04:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Genius Sports Dubbed Top Small-Cap Betting Idea by Oppenheimer.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/genius-sports-lauded-as-best-small-cap-betting-idea\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/genius-sports-lauded-as-best-small-cap-betting-idea\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/genius-sports-lauded-as-best-small-cap-betting-idea\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/genius.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/genius.png\",\"width\":2048,\"height\":1152,\"caption\":\"A slide from a Genius Sports investor presentation. 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