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

JMP Securities reaffirmed their market outperform rating on shares of Genius Sports (NYSE:GENIFree Report) in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has a $8.00 target price on the stock.

A number of other equities analysts have also issued reports on the stock. Craig Hallum lowered their target price on shares of Genius Sports from $15.00 to $12.00 and set a buy rating on the stock in a research report on Tuesday, November 14th. Cantor Fitzgerald restated an overweight rating and set a $8.00 target price on shares of Genius Sports in a research report on Monday, February 26th. Needham & Company LLC restated a buy rating and set a $9.00 target price on shares of Genius Sports in a research report on Wednesday. Benchmark restated a buy rating and set a $10.00 target price on shares of Genius Sports in a research report on Thursday. Finally, Macquarie started coverage on Genius Sports in a report on Thursday, December 21st. They set an outperform rating and a $11.00 price target for the company. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus target price of $9.38.

Read Our Latest Research Report on Genius Sports

Genius Sports Stock Performance

GENI stock opened at $6.29 on Thursday. The company’s 50 day moving average price is $6.60 and its 200 day moving average price is $5.94. Genius Sports has a fifty-two week low of $3.55 and a fifty-two week high of $8.45.

Genius Sports (NYSE:GENIGet Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.10). The company had revenue of $127.20 million during the quarter, compared to analysts’ expectations of $126.53 million. Genius Sports had a negative net margin of 20.71% and a negative return on equity of 12.58%. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.18) earnings per share. Equities analysts anticipate that Genius Sports will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of Genius Sports

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GENI. Qube Research & Technologies Ltd purchased a new stake in Genius Sports during the 3rd quarter worth about $28,000. Geneos Wealth Management Inc. purchased a new stake in Genius Sports during the 3rd quarter worth about $29,000. Altshuler Shaham Ltd purchased a new stake in Genius Sports during the 4th quarter worth about $35,000. United Capital Financial Advisers LLC purchased a new stake in Genius Sports in the 4th quarter valued at about $37,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in Genius Sports in the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 43.24% of the company’s stock.

Genius Sports Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Genius Sports (NYSE:GENI)

Receive News & Ratings for Genius Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genius Sports and related companies with MarketBeat.com's FREE daily email newsletter.