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

Genius Sports (NYSE:GENI - Get Free Report)'s stock had its "market outperform" rating reaffirmed by JMP Securities in a research note issued on Thursday,Benzinga reports. They presently have a $11.00 price target on the stock. JMP Securities' price target points to a potential upside of 25.36% from the company's current price.

A number of other brokerages have also commented on GENI. The Goldman Sachs Group raised their price objective on Genius Sports from $8.50 to $11.50 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Macquarie boosted their price objective 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. Benchmark upped their price objective on shares of Genius Sports from $10.00 to $11.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Needham & Company LLC reissued a "buy" rating and set a $9.00 target price on shares of Genius Sports in a research note on Tuesday, November 12th. Finally, Citigroup upped their price target 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. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $10.94.

Genius Sports Stock Up 0.6 %

Shares of Genius Sports stock traded up $0.06 during trading on Thursday, hitting $8.78. The stock had a trading volume of 4,316,450 shares, compared to its average volume of 3,069,375. Genius Sports has a 1 year low of $4.91 and a 1 year high of $10.33. The stock has a 50 day simple moving average of $9.07 and a 200 day simple moving average of $7.74. The company has a market capitalization of $2.01 billion, a PE ratio of -27.42 and a beta of 2.15.

Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.06. The firm 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 company's quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) EPS. As a group, equities analysts expect that Genius Sports will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Genius Sports

A number of large investors have recently bought and sold shares of GENI. Wellington Management Group LLP lifted its position in shares of Genius Sports by 2.9% in the third quarter. Wellington Management Group LLP now owns 8,292,521 shares of the company's stock worth $65,013,000 after buying an additional 230,209 shares during the last quarter. Senvest Management LLC boosted its position in Genius Sports by 12.2% during the third quarter. Senvest Management LLC now owns 7,546,809 shares of the company's stock worth $59,167,000 after purchasing an additional 819,385 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Genius Sports by 10.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,520,342 shares of the company's stock valued at $58,959,000 after purchasing an additional 691,539 shares during the last quarter. FMR LLC raised its position in shares of Genius Sports by 53.2% in the third quarter. FMR LLC now owns 7,219,874 shares of the company's stock valued at $56,604,000 after purchasing an additional 2,507,165 shares during the period. Finally, Portolan Capital Management LLC lifted its stake in shares of Genius Sports by 9.4% in the third quarter. Portolan Capital Management LLC now owns 3,170,891 shares of the company's stock worth $24,860,000 after buying an additional 272,545 shares during the last quarter. 81.91% of the stock is currently owned by 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.