Genius Sports (NYSE:GENI) Given Market Perform Rating at JMP Securities

Genius Sports (NYSE:GENI - Get Free Report)'s stock had its "market perform" rating reaffirmed by investment analysts at JMP Securities in a research note issued to investors on Monday,Benzinga reports. They currently have a $11.00 price objective on the stock. JMP Securities' price objective indicates a potential upside of 21.55% from the company's previous close.

Several other equities research analysts have also recently commented on GENI. Citigroup increased their price target on Genius Sports from $10.00 to $12.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. B. Riley lifted their price target on Genius Sports from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Oppenheimer upped their price objective 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. Macquarie lifted their target price 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. Finally, 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 research note on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Genius Sports has a consensus rating of "Moderate Buy" and a consensus price target of $10.94.

Genius Sports Stock Up 2.8 %

Shares of NYSE GENI traded up $0.25 during midday trading on Monday, reaching $9.05. 2,052,909 shares of the stock were exchanged, compared to its average volume of 2,002,570. The firm has a 50-day simple moving average of $8.80 and a two-hundred day simple moving average of $7.59. Genius Sports has a twelve month low of $4.91 and a twelve month high of $10.33. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of -28.28 and a beta of 2.15.

Genius Sports (NYSE:GENI - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, topping 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 business had revenue of $120.20 million during the quarter, compared to the consensus estimate of $118.94 million. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. The company's revenue was up 18.2% compared to the same quarter last year. Research 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 the business. Koss Olinger Consulting LLC acquired a new stake in Genius Sports in the second quarter valued at approximately $64,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Genius Sports in the 2nd quarter valued at $67,000. Sound Income Strategies LLC purchased a new stake in shares of Genius Sports during the 3rd quarter worth $78,000. Arkadios Wealth Advisors purchased a new position in Genius Sports in the third quarter valued at $79,000. Finally, Captrust Financial Advisors acquired a new stake in Genius Sports in the third quarter valued at $84,000. 81.91% of the stock is currently 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.