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

Genius Sports (NYSE:GENI - Get Free Report) was downgraded by analysts at Citizens Jmp from a "strong-buy" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

A number of other research firms have also issued reports on GENI. Macquarie upped their target price on shares of 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 upped their price objective on shares of Genius Sports from $8.50 to $11.50 and gave the company a "buy" rating in a research note on Thursday, November 14th. B. Riley lifted 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 13th. Benchmark boosted their price target on Genius Sports from $10.00 to $11.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, JMP Securities restated a "market perform" rating and set a $11.00 price objective on shares of Genius Sports in a report on Monday. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $10.94.

Genius Sports Price Performance

Shares of NYSE GENI traded down $0.24 on Monday, hitting $8.82. The company's stock had a trading volume of 3,700,410 shares, compared to its average volume of 2,427,276. The stock has a 50 day moving average of $8.84 and a 200-day moving average of $7.61. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of -27.56 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 - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.06. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. 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 company earned ($0.06) EPS. Genius Sports's revenue was up 18.2% on a year-over-year basis. Sell-side analysts expect that Genius Sports will post -0.16 EPS for the current fiscal year.

Institutional Trading of Genius Sports

A number of institutional investors and hedge funds have recently bought and sold shares of GENI. Sound Income Strategies LLC acquired a new position in shares of Genius Sports during the third quarter worth about $78,000. Arkadios Wealth Advisors acquired a new position in Genius Sports during the 3rd quarter worth approximately $79,000. Captrust Financial Advisors purchased a new position in Genius Sports in the 3rd quarter worth approximately $84,000. Koss Olinger Consulting LLC purchased a new stake in shares of Genius Sports during the second quarter valued at approximately $64,000. Finally, Walleye Trading LLC raised its stake 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 purchasing an additional 29,555 shares during the period. Institutional investors and hedge funds own 81.91% of the company's stock.

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.