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 note issued to investors on Monday,Zacks.com reports.

Other analysts have also issued research reports about the company. JMP Securities restated a “market perform” rating and issued a $11.00 target price on shares of Genius Sports in a report on Monday. B. Riley increased their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Needham & Company LLC restated a “buy” rating and issued a $9.00 price objective on shares of Genius Sports in a report on Tuesday, November 12th. Benchmark lifted their target price on shares of Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Macquarie raised their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a 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. According to MarketBeat.com, Genius Sports has a consensus rating of “Moderate Buy” and a consensus price target of $10.94.

Genius Sports Price Performance

GENI opened at $9.05 on Monday. The business has a 50 day moving average price of $8.80 and a two-hundred day moving average price of $7.59. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of -28.28 and a beta of 2.15. Genius Sports has a 1-year low of $4.91 and a 1-year high of $10.33.

Genius Sports (NYSE:GENI) last announced its earnings results on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $118.94 million. During the same period last year, the company posted ($0.06) earnings per share. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. Equities analysts expect that Genius Sports will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GENI. Sound Income Strategies LLC acquired a new stake in Genius Sports in the 3rd quarter worth $78,000. Arkadios Wealth Advisors acquired a new stake in Genius Sports during the third quarter worth about $79,000. Captrust Financial Advisors acquired a new stake in Genius Sports during the third quarter worth about $84,000. Koss Olinger Consulting LLC bought a new position in Genius Sports during the second quarter valued at about $64,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Genius Sports in the 2nd quarter valued at approximately $67,000. 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.