5 Best Small Cap Stocks to Buy for Long Term

2. Genius Sports Limited (NYSE:GENI)

Number of Hedge Fund Holders: 37

Genius Sports Limited (NYSE:GENI) is one of the best small cap stocks to buy for the long term. Deutsche Bank resumed coverage of Genius Sports Limited (NYSE:GENI) with a Buy rating on May 11 and set a price target of $10. The firm resumed coverage of the stock after it released its fiscal Q1 earnings report, stating that it believes the company is continuing to have “numerous ways to win” in the legacy sports betting business-to-business business to drive growth moving forward.

Genius Sports Limited (NYSE:GENI) also received a rating update from Oppenheimer on May 8. The firm cut the price target on the stock to $9 from $11 and maintained an Outperform rating on the shares, noting that the company delivered a solid fiscal Q1 revenue/EBITDA beat, which was driven by accelerating betting services revenue, and incorporating Legend Revenue/EBITDA of $185M/$90M into full year guidance, which are now $990M-$1.01B/$270-$280M. Oppenheimer also stated that it sees catalysts building into World Cup/NFL-Kickoff, with Street likely raising back-half Media revenue up on PMs, O&O inventory, and iGaming to better justify management’s strategy and generate some multiple expansion.

Genius Sports Limited (NYSE:GENI) provides scalable, technology-led products and services to the sports betting, sports, and sports media industries.