Genius Sports’ (GENI) Market Outperform Rating Reaffirmed at JMP Securities

JMP Securities restated their market outperform rating on shares of Genius Sports (NYSE:GENI) in a report released on Tuesday morning, Benzinga reports. The firm currently has a $9.00 price objective on the stock.

Several other equities analysts have also weighed in on GENI. Citigroup lifted their target price on shares of Genius Sports from $7.00 to $9.00 in a report on Wednesday, July 19th. B. Riley upped their target price on shares of Genius Sports from $9.00 to $10.00 in a research note on Tuesday, August 8th. Benchmark raised their price target on shares of Genius Sports from $9.00 to $10.00 and gave the company a buy rating in a report on Tuesday, August 8th. Needham & Company LLC lifted their target price on Genius Sports from $8.00 to $10.00 and gave the stock a buy rating in a research report on Tuesday, August 8th. Finally, BTIG Research boosted their price target on Genius Sports from $6.00 to $9.00 in a research note on Tuesday, July 11th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of $9.28.

Genius Sports Trading Down 1.7 %

Shares of Genius Sports stock opened at $6.45 on Tuesday. The business’s fifty day moving average price is $6.89 and its 200 day moving average price is $5.58. Genius Sports has a twelve month low of $3.12 and a twelve month high of $8.45. The stock has a market capitalization of $1.42 billion, a P/E ratio of -7.68 and a beta of 1.97.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Monday, August 7th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $86.90 million for the quarter, compared to analyst estimates of $80.57 million. Genius Sports had a negative return on equity of 13.95% and a negative net margin of 46.77%. The company’s revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.02) EPS. As a group, sell-side analysts predict that Genius Sports will post -0.22 EPS for the current year.

Institutional Trading of Genius Sports

Several institutional investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC acquired a new position in shares of Genius Sports in the 1st quarter valued at about $43,000. Altshuler Shaham Ltd bought a new position in Genius Sports in the fourth quarter worth about $35,000. WealthShield Partners LLC acquired a new position in Genius Sports in the second quarter valued at approximately $62,000. ExodusPoint Capital Management LP bought a new position in shares of Genius Sports during the first quarter valued at approximately $52,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Genius Sports during the 1st quarter worth approximately $52,000. Institutional investors own 43.24% of the company’s stock.

About Genius Sports

Genius Sports Limited develops and sells 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.