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

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

Other research analysts also recently issued research reports about the stock. Benchmark increased their price target on shares of Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $9.00 target price on shares of Genius Sports in a research note on Tuesday, November 12th. Oppenheimer raised their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. B. Riley lifted their target price on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group upped their price target on shares of Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $10.94.

Genius Sports Stock Up 1.5 %

Shares of Genius Sports stock opened at $8.93 on Monday. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of -27.91 and a beta of 2.15. The stock’s 50-day simple moving average is $8.87 and its 200-day simple moving average is $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 announced its quarterly 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 business had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $118.94 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.06) EPS. On average, equities analysts expect that Genius Sports will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On Genius Sports

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC acquired a new position in Genius Sports during the 3rd quarter valued at approximately $78,000. Arkadios Wealth Advisors acquired a new position in shares of Genius Sports in the 3rd quarter valued at $79,000. Captrust Financial Advisors purchased a new position in Genius Sports in the 3rd quarter worth $84,000. Koss Olinger Consulting LLC acquired a new stake in Genius Sports during the 2nd quarter worth about $64,000. Finally, Walleye Trading LLC grew its stake in Genius Sports by 169.9% during the 3rd quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock valued at $95,000 after purchasing an additional 29,555 shares during the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.

About Genius Sports

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.