Genius Sports’ (GENI) Market Perform Rating Reaffirmed at JMP Securities

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

A number of other equities analysts also recently issued reports on the company. B. Riley increased their price target on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Needham & Company LLC reissued a “buy” rating and issued a $9.00 price target on shares of Genius Sports in a research note on Tuesday, November 12th. Benchmark upped their price objective on shares of Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Oppenheimer lifted their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, 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 research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.94.

Genius Sports Price Performance

Shares of NYSE GENI opened at $8.93 on Monday. The firm’s 50 day simple moving average is $8.87 and its 200-day simple moving average is $7.62. Genius Sports has a 12 month low of $4.91 and a 12 month high of $10.33. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of -27.91 and a beta of 2.15.

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 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 company had revenue of $120.20 million during the quarter, compared to analysts’ expectations of $118.94 million. During the same quarter in the previous year, the company earned ($0.06) earnings per share. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. Analysts anticipate that Genius Sports will post -0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Genius Sports

Several hedge funds and other institutional investors have recently modified their holdings of GENI. Koss Olinger Consulting LLC acquired a new stake in Genius Sports in the 2nd quarter valued at about $64,000. 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 purchased a new position in Genius Sports during the third quarter worth approximately $78,000. Arkadios Wealth Advisors acquired a new position in Genius Sports during the third quarter worth $79,000. Finally, Captrust Financial Advisors purchased a new stake in Genius Sports in the 3rd quarter valued at $84,000. 81.91% of the stock is 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.