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

Genius Sports (NYSE:GENI - Get Free Report)'s stock had its "market outperform" rating restated by equities research analysts at JMP Securities in a research note issued to investors on Monday,Benzinga reports. They currently have a $11.00 target price on the stock. JMP Securities' price objective would suggest a potential upside of 23.46% from the company's current price.

Several other equities analysts also recently issued reports on the stock. B. Riley boosted their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Oppenheimer upped their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Benchmark lifted 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. Citizens Jmp downgraded Genius Sports from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Finally, Macquarie raised their target price on Genius Sports from $10.00 to $12.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $11.28.

Genius Sports Trading Up 1.0 %

GENI traded up $0.09 on Monday, hitting $8.91. 2,454,588 shares of the company's stock were exchanged, compared to its average volume of 2,712,337. The stock has a fifty day moving average of $9.08 and a two-hundred day moving average of $7.95. 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 $2.04 billion, a PE ratio of -27.84 and a beta of 2.15.

Genius Sports (NYSE:GENI - Get Free Report) last announced its quarterly earnings results 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 return on equity of 14.11% and a negative net margin of 15.84%. The business had revenue of $120.20 million for the quarter, compared to analysts' expectations of $118.94 million. During the same period in the prior year, the firm earned ($0.06) EPS. The business's quarterly revenue was up 18.2% on a year-over-year basis. On average, analysts predict that Genius Sports will post -0.1 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC bought a new position in shares of Genius Sports during the 2nd quarter valued at about $67,000. Sound Income Strategies LLC bought a new stake in Genius Sports during the third quarter worth approximately $78,000. Arkadios Wealth Advisors acquired a new position in Genius Sports in the third quarter worth approximately $79,000. Captrust Financial Advisors bought a new position in shares of Genius Sports in the third quarter valued at $84,000. Finally, Walleye Trading LLC lifted its position in shares of 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 acquiring an additional 29,555 shares during the last quarter. 81.91% of the stock is owned by institutional investors and hedge funds.

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.