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

Genius Sports (NYSE:GENI)‘s stock had its “market outperform” rating reissued by analysts at JMP Securities in a research report issued on Thursday,Benzinga reports. They currently have a $11.00 price target on the stock. JMP Securities’ target price indicates a potential upside of 26.22% from the stock’s current price.

GENI has been the topic of a number of other reports. Citizens Jmp cut Genius Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 6th. Benchmark lifted their target price on shares of Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Oppenheimer increased their price target 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 boosted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group increased their target price on Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.28.

Genius Sports Price Performance

Shares of NYSE GENI opened at $8.72 on Thursday. Genius Sports has a 1 year low of $4.91 and a 1 year high of $10.33. The firm has a 50-day moving average of $9.11 and a 200 day moving average of $7.77. The stock has a market cap of $2.00 billion, a P/E ratio of -27.23 and a beta of 2.15.

Genius Sports (NYSE:GENI) last released its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06. The firm had revenue of $120.20 million during 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 business’s revenue was up 18.2% on a year-over-year basis. During the same period last year, the business earned ($0.06) earnings per share. Research analysts expect that Genius Sports will post -0.16 earnings per share for the current fiscal year.

Institutional Trading of Genius Sports

A number of hedge funds have recently bought and sold shares of the company. AYAL Capital Advisors Ltd purchased a new position in Genius Sports in the second quarter worth about $4,635,000. GSA Capital Partners LLP purchased a new position in shares of Genius Sports in the third quarter worth approximately $532,000. Millrace Asset Group Inc. bought a new stake in Genius Sports during the third quarter valued at approximately $1,897,000. Senvest Management LLC increased its holdings in Genius Sports by 12.2% during the third quarter. Senvest Management LLC now owns 7,546,809 shares of the company’s stock valued at $59,167,000 after buying an additional 819,385 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in Genius Sports by 56.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 491,314 shares of the company’s stock worth $4,250,000 after acquiring an additional 176,845 shares during the period. Hedge funds and other institutional investors 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.