Genius Sports (NYSE:GENI) Receives “Market Perform” Rating from JMP Securities

JMP Securities reissued their market perform rating on shares of Genius Sports (NYSE:GENI) in a report issued on Monday,Benzinga reports. JMP Securities currently has a $11.00 price target on the stock.

A number of other equities research analysts have also weighed in on the stock. Citigroup boosted their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Macquarie increased their price objective on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Benchmark lifted their target price on Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Oppenheimer increased their price target on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Genius Sports in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Genius Sports currently has an average rating of “Moderate Buy” and a consensus target price of $10.94.

Genius Sports Price Performance

Shares of NYSE:GENI opened at $9.05 on Monday. The firm has a 50 day simple moving average of $8.80 and a 200 day simple moving average of $7.59. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -28.28 and a beta of 2.15. Genius Sports has a one year low of $4.91 and a one year high of $10.33.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.06. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The company had revenue of $120.20 million for the quarter, compared to the consensus estimate of $118.94 million. During the same quarter last year, the business posted ($0.06) EPS. Genius Sports’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, analysts expect that Genius Sports will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GENI. Koss Olinger Consulting LLC acquired a new position in shares of Genius Sports during the second quarter valued at about $64,000. Vanguard Personalized Indexing Management LLC acquired a new position in Genius Sports during the 2nd quarter worth approximately $67,000. Sound Income Strategies LLC acquired a new stake in Genius Sports in the third quarter valued at approximately $78,000. Arkadios Wealth Advisors acquired a new stake in Genius Sports in the third quarter valued at approximately $79,000. Finally, Captrust Financial Advisors acquired a new position in shares of Genius Sports during the third quarter worth approximately $84,000. 81.91% of the stock is owned by institutional investors.

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.