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

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

Other research analysts also recently issued reports about the stock. Benchmark boosted their price objective on shares of Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Citigroup raised their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Oppenheimer increased their target price on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. JMP Securities reaffirmed a “market perform” rating and issued a $11.00 price target on shares of Genius Sports in a research note on Monday. Finally, Macquarie increased their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Genius Sports has a consensus rating of “Moderate Buy” and an average target price of $10.94.

Genius Sports Stock Up 2.8 %

Shares of Genius Sports stock opened at $9.05 on Monday. The firm has a market cap of $2.08 billion, a PE ratio of -28.28 and a beta of 2.15. The company’s fifty day simple moving average is $8.80 and its two-hundred day simple moving average is $7.59. Genius Sports has a 12-month low of $4.91 and a 12-month high of $10.33.

Genius Sports (NYSE:GENI) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.06. The business had revenue of $120.20 million during the quarter, compared to analyst estimates of $118.94 million. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. Genius Sports’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.06) EPS. As a group, sell-side analysts expect that Genius Sports will post -0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Genius Sports

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC bought a new position in shares of Genius Sports during the third quarter valued at $78,000. Arkadios Wealth Advisors purchased a new stake in shares of Genius Sports during the 3rd quarter valued at about $79,000. Captrust Financial Advisors bought a new stake in shares of Genius Sports in the third quarter worth approximately $84,000. Koss Olinger Consulting LLC purchased a new position in shares of Genius Sports during the second quarter valued at approximately $64,000. Finally, Walleye Trading LLC lifted its position 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 during the period. 81.91% of the stock is owned by institutional investors.

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.