Genius Sports (NYSE:GENI) Downgraded by Citizens Jmp to Hold

Citizens Jmp downgraded shares of Genius Sports (NYSE:GENI) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Other analysts have also recently issued research reports about the company. JMP Securities reaffirmed a “market perform” rating and issued a $11.00 price target on shares of Genius Sports in a research report on Monday. B. Riley upped 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. Macquarie increased their price target on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. The Goldman Sachs Group boosted their price objective on shares of Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Oppenheimer raised their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.94.

Genius Sports Price Performance

Shares of Genius Sports stock opened at $8.93 on Monday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -27.91 and a beta of 2.15. The stock has a 50-day simple moving average of $8.87 and a 200-day simple moving average of $7.62. Genius Sports has a 52-week low of $4.91 and a 52-week high of $10.33.

Genius Sports (NYSE:GENI) last posted its earnings results on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.06. The company had revenue of $120.20 million during the quarter, compared to the consensus estimate of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) earnings per share. As a group, equities research analysts predict that Genius Sports will post -0.16 earnings per share for the current year.

Institutional Trading of Genius Sports

A number of hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC acquired a new position in shares of Genius Sports during the third quarter valued at about $78,000. Arkadios Wealth Advisors bought a new stake in Genius Sports in the third quarter valued at $79,000. Captrust Financial Advisors acquired a new position in Genius Sports during the third quarter worth $84,000. Koss Olinger Consulting LLC acquired a new position in Genius Sports during the second quarter worth $64,000. Finally, Walleye Trading LLC lifted its holdings 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 valued at $95,000 after acquiring an additional 29,555 shares during the period. 81.91% of the stock is owned by institutional investors.

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.