JMP Securities Reiterates Market Outperform Rating for Genius Sports (NYSE:GENI)

JMP Securities restated their market outperform rating on shares of Genius Sports (NYSE:GENI) in a report published on Thursday morning,Benzinga reports. They currently have a $11.00 price target on the stock.

Several other research analysts have also weighed in on GENI. The Goldman Sachs Group increased their price objective on shares of Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a report on Thursday, November 14th. Citizens Jmp downgraded shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Needham & Company LLC reissued a “buy” rating and set a $9.00 price objective on shares of Genius Sports in a research note on Tuesday, November 12th. B. Riley increased their target price on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Citigroup boosted their price target on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Genius Sports has an average rating of “Moderate Buy” and an average price target of $11.28.

Genius Sports Stock Performance

Shares of GENI opened at $8.72 on Thursday. Genius Sports has a 1 year low of $4.91 and a 1 year high of $10.33. The company’s 50 day simple moving average is $9.11 and its 200 day simple moving average is $7.79. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of -27.23 and a beta of 2.15.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Genius Sports in the second quarter valued at about $67,000. Sound Income Strategies LLC purchased 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 third quarter valued at approximately $79,000. Captrust Financial Advisors purchased a new stake in shares of Genius Sports during the third quarter valued at approximately $84,000. Finally, Walleye Trading LLC lifted its position in shares of Genius Sports by 169.9% during the third quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock worth $95,000 after purchasing an additional 29,555 shares in the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

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.