JMP Securities Reiterates “Market Perform” Rating for Genius Sports (NYSE:GENI)

Genius Sports (NYSE:GENI)‘s stock had its “market perform” rating restated by equities research analysts at JMP Securities in a report released on Monday,Benzinga reports. They presently have a $11.00 price target on the stock. JMP Securities’ target price points to a potential upside of 25.00% from the company’s current price.

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

Genius Sports Stock Up 3.5 %

GENI opened at $8.80 on Monday. The firm has a market capitalization of $2.02 billion, a P/E ratio of -27.50 and a beta of 2.12. The firm’s 50 day moving average is $8.76 and its 200-day moving average is $7.56. Genius Sports has a 52-week low of $4.91 and a 52-week high of $10.33.

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

Institutional Trading of Genius Sports

Several hedge funds have recently made changes to their positions in GENI. FMR LLC grew its stake in Genius Sports by 53.2% during the 3rd quarter. FMR LLC now owns 7,219,874 shares of the company’s stock worth $56,604,000 after buying an additional 2,507,165 shares during the last quarter. Divisadero Street Capital Management LP bought a new stake in Genius Sports in the 2nd quarter valued at about $11,233,000. Massachusetts Financial Services Co. MA boosted its stake in Genius Sports by 28.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,828,803 shares of the company’s stock valued at $37,217,000 after purchasing an additional 1,502,958 shares during the period. Bank of Montreal Can bought a new position in Genius Sports in the 2nd quarter worth about $6,575,000. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of Genius Sports in the second quarter valued at approximately $5,521,000. Institutional investors 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.