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

JMP Securities reissued their market outperform rating on shares of Genius Sports (NYSE:GENI) in a research note released on Monday morning,Benzinga reports. JMP Securities currently has a $11.00 target price on the stock.

A number of other equities analysts have also recently issued reports on GENI. B. Riley upped their price objective on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Citigroup upped their target price on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Citizens Jmp downgraded shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Macquarie boosted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 target price on shares of Genius Sports in a report on Friday, January 17th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $11.28.

Genius Sports Trading Up 1.0 %

Shares of NYSE GENI opened at $8.91 on Monday. The business has a 50-day moving average of $9.08 and a 200-day moving average of $7.95. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -27.84 and a beta of 2.15. Genius Sports has a 12 month low of $4.91 and a 12 month high of $10.33.

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 firm had revenue of $120.20 million for the quarter, compared to analyst estimates of $118.94 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, analysts predict that Genius Sports will post -0.1 earnings per share for the current year.

Hedge Funds Weigh In On Genius Sports

Several large investors have recently made changes to their positions in GENI. Moody National Bank Trust Division increased its position in Genius Sports by 1.5% during the 4th quarter. Moody National Bank Trust Division now owns 520,214 shares of the company’s stock valued at $4,500,000 after buying an additional 7,674 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of Genius Sports during the third quarter valued at $78,000. Arkadios Wealth Advisors purchased a new position in shares of Genius Sports in the 3rd quarter worth about $79,000. Captrust Financial Advisors purchased a new position in shares of Genius Sports in the 3rd quarter worth about $84,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Genius Sports in the 2nd quarter worth about $67,000. 81.91% of the stock is currently owned by hedge funds and other 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.