JMP Securities Reaffirms “Market Outperform” Rating for Genius Sports (NYSE:GENI)

Genius Sports (NYSE:GENI)‘s stock had its “market outperform” rating restated by investment analysts at JMP Securities in a note issued to investors on Monday,Benzinga reports. They presently have a $11.00 target price on the stock. JMP Securities’ price objective would suggest a potential upside of 23.66% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Citizens Jmp lowered shares of Genius Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. The Goldman Sachs Group boosted their target price on Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. B. Riley lifted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Needham & Company LLC restated a “buy” rating and set a $12.00 target price on shares of Genius Sports in a research note on Friday, January 17th. Finally, Benchmark lifted their target price on Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.28.

Genius Sports Price Performance

Shares of Genius Sports stock traded up $0.08 during trading hours on Monday, reaching $8.90. The company’s stock had a trading volume of 605,549 shares, compared to its average volume of 2,593,839. The stock has a market cap of $2.04 billion, a P/E ratio of -27.80 and a beta of 2.15. The firm has a 50 day moving average price of $9.08 and a 200-day moving average price of $7.93. Genius Sports has a one year low of $4.91 and a one year high of $10.33.

Genius Sports (NYSE:GENI) last issued its quarterly earnings data 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. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The company had revenue of $120.20 million for the quarter, compared to analyst estimates of $118.94 million. During the same period last year, the company posted ($0.06) earnings per share. Genius Sports’s revenue was up 18.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Genius Sports will post -0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Genius Sports

A number of large investors have recently added to or reduced their stakes in GENI. Vanguard Personalized Indexing Management LLC acquired a new position in Genius Sports in the 2nd quarter valued at $67,000. Sound Income Strategies LLC bought a new position in Genius Sports in the 3rd quarter valued at approximately $78,000. Arkadios Wealth Advisors acquired a new position in Genius Sports in the 3rd quarter worth about $79,000. Captrust Financial Advisors acquired a new stake in Genius Sports during the 3rd quarter worth approximately $84,000. Finally, Walleye Trading LLC grew its stake in shares of Genius Sports by 169.9% in the third quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock worth $95,000 after purchasing an additional 29,555 shares during the last quarter. 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.