Genius Sports (NYSE:GENI) Earns “Market Outperform” Rating from JMP Securities

Genius Sports (NYSE:GENI)‘s stock had its “market outperform” rating reaffirmed by analysts at JMP Securities in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $11.00 target price on the stock. JMP Securities’ price target would indicate a potential upside of 22.43% from the stock’s previous close.

Several other research analysts also recently weighed in on the stock. B. Riley upped their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Citigroup upped their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Macquarie lifted their target price on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Citizens Jmp downgraded Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $12.00 price objective on shares of Genius Sports in a report on Friday, January 17th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Genius Sports presently has an average rating of “Moderate Buy” and a consensus price target of $11.28.

Genius Sports Stock Up 0.5 %

Shares of GENI stock opened at $8.99 on Monday. Genius Sports has a fifty-two week low of $4.91 and a fifty-two week high of $10.33. The business has a fifty day simple moving average of $9.07 and a 200-day simple moving average of $7.97. The stock has a market cap of $2.06 billion, a P/E ratio of -28.08 and a beta of 2.15.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The business had revenue of $120.20 million during the quarter, compared to the consensus estimate of $118.94 million. During the same period in the previous year, the firm posted ($0.06) earnings per share. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Genius Sports will post -0.1 earnings per share for the current year.

Hedge Funds Weigh In On Genius Sports

A number of hedge funds and other institutional investors have recently bought and sold shares of GENI. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Genius Sports in the second quarter valued at approximately $67,000. Sound Income Strategies LLC bought a new position in Genius Sports in the 3rd quarter worth approximately $78,000. Arkadios Wealth Advisors acquired a new stake in Genius Sports in the 3rd quarter valued at approximately $79,000. Captrust Financial Advisors bought a new stake in Genius Sports during the 3rd quarter valued at $84,000. Finally, Walleye Trading LLC boosted its position in Genius Sports by 169.9% during the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock worth $95,000 after acquiring an additional 29,555 shares during the period. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports Company Profile

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.