Genius Sports (NYSE:GENI) Lowered to “Hold” Rating by Citizens Jmp

Citizens Jmp cut shares of Genius Sports (NYSE:GENI) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

Several other research firms also recently commented on GENI. JMP Securities reaffirmed a “market perform” rating and issued a $11.00 price objective on shares of Genius Sports in a research note on Monday. Citigroup raised their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group upped their price target on shares of Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Oppenheimer raised their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Macquarie upped their target price 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. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.94.

Genius Sports Stock Up 2.8 %

Shares of NYSE:GENI opened at $9.05 on Monday. The firm’s 50 day moving average price is $8.80 and its 200-day moving average price is $7.59. The stock has a market capitalization of $2.08 billion, a PE ratio of -28.28 and a beta of 2.15. Genius Sports has a twelve month low of $4.91 and a twelve month 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 analysts’ consensus estimates 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 firm had revenue of $120.20 million during the quarter, compared to the consensus estimate of $118.94 million. During the same quarter in the previous year, the firm posted ($0.06) EPS. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. Analysts expect that Genius Sports will post -0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GENI. Sound Income Strategies LLC purchased a new position in Genius Sports during the 3rd quarter valued at approximately $78,000. Arkadios Wealth Advisors bought a new position in shares of Genius Sports during the 3rd quarter valued at approximately $79,000. Captrust Financial Advisors purchased a new position in shares of Genius Sports in the third quarter valued at $84,000. Koss Olinger Consulting LLC bought a new stake in Genius Sports in the second quarter worth $64,000. Finally, Walleye Trading LLC raised its stake in Genius Sports by 169.9% during the third quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock valued at $95,000 after purchasing an additional 29,555 shares in the last quarter. 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.