Citizens Jmp Downgrades Genius Sports (NYSE:GENI) to Hold

Genius Sports (NYSE:GENI) was downgraded by research analysts at Citizens Jmp from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

GENI has been the subject of several other reports. Citigroup lifted their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. JMP Securities reiterated a “market perform” rating and issued a $11.00 price target on shares of Genius Sports in a research note on Monday. Oppenheimer upped their price objective on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Benchmark increased their price target on shares of Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, B. Riley lifted their price objective on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Genius Sports has a consensus rating of “Moderate Buy” and an average price target of $10.94.

Genius Sports Trading Down 2.6 %

Shares of NYSE:GENI opened at $8.82 on Monday. The stock has a market capitalization of $2.02 billion, a P/E ratio of -27.56 and a beta of 2.15. Genius Sports has a 12-month low of $4.91 and a 12-month high of $10.33. The stock’s 50-day moving average price is $8.84 and its 200-day moving average price is $7.61.

Genius Sports (NYSE:GENI) last posted its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share for the quarter, topping 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 company had revenue of $120.20 million during the quarter, compared to analyst estimates of $118.94 million. During the same period in the prior year, the business posted ($0.06) earnings per share. Genius Sports’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, research analysts predict that Genius Sports will post -0.16 EPS for the current year.

Institutional Investors Weigh In On Genius Sports

Several large investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC bought a new stake in Genius Sports during the 3rd quarter valued at $78,000. Arkadios Wealth Advisors purchased a new stake in Genius Sports in the third quarter valued at approximately $79,000. Captrust Financial Advisors acquired a new stake in shares of Genius Sports in the third quarter worth $84,000. Koss Olinger Consulting LLC purchased a new position in shares of Genius Sports during the 2nd quarter valued at about $64,000. Finally, Walleye Trading LLC lifted its holdings in Genius Sports by 169.9% in the third quarter. Walleye Trading LLC now owns 12,155 shares of the company’s stock valued at $95,000 after acquiring an additional 29,555 shares during the period. 81.91% of the stock is owned by hedge funds and other institutional investors.

Genius Sports Company Profile

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.