Genius Sports (NYSE:GENI) Stock Picked Up by Analysts at JPMorgan Chase & Co.

Analysts at JPMorgan Chase & Co. initiated coverage on shares of Genius Sports (NYSE:GENI) in a report released on Friday, Briefing.com reports. The firm set an “overweight” rating and a $8.00 price target on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 38.05% from the company’s current price.

GENI has been the subject of several other reports. Benchmark restated a “buy” rating on shares of Genius Sports in a research report on Friday, August 28th. Roth Capital restated a “buy” rating and set a $12.00 target price on shares of Genius Sports in a research note on Friday, August 7th. Oppenheimer raised their target price on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Friday, August 7th. The Goldman Sachs Group reissued a “buy” rating and set a $10.50 price target on shares of Genius Sports in a report on Friday, August 7th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Genius Sports in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Genius Sports currently has a consensus rating of “Moderate Buy” and an average target price of $11.25.

Genius Sports Price Performance

Shares of NYSE GENI opened at $5.79 on Friday. The business has a fifty day moving average price of $7.20 and a two-hundred day moving average price of $5.96. The stock has a market capitalization of $1.43 billion, a PE ratio of -8.52 and a beta of 1.88. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.97 and a quick ratio of 0.97. Genius Sports has a fifty-two week low of $3.83 and a fifty-two week high of $13.52.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.21). The company had revenue of $195.50 million during the quarter, compared to the consensus estimate of $184.43 million. Genius Sports had a negative return on equity of 23.83% and a negative net margin of 22.99%.The firm’s revenue for the quarter was up 64.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.21) EPS. As a group, equities analysts predict that Genius Sports will post -0.35 earnings per share for the current fiscal year.

Insider Activity at Genius Sports

In other Genius Sports news, CEO Mark Locke sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $6.54, for a total value of $327,000.00. Following the completion of the transaction, the chief executive officer directly owned 19,375,216 shares in the company, valued at approximately $126,713,912.64. This represents a 0.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas Russell sold 50,000 shares of Genius Sports stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $6.51, for a total transaction of $325,500.00. Following the transaction, the insider owned 471,467 shares in the company, valued at approximately $3,069,250.17. This trade represents a 9.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 850,000 shares of company stock worth $5,582,049. 16.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. WINTON GROUP Ltd acquired a new position in shares of Genius Sports in the 2nd quarter worth approximately $1,120,000. Corient Private Wealth LP acquired a new position in Genius Sports in the second quarter valued at $83,000. Odyssean LLC boosted its position in Genius Sports by 61.3% during the second quarter. Odyssean LLC now owns 230,581 shares of the company’s stock valued at $1,397,000 after acquiring an additional 87,604 shares during the last quarter. Round Rock Advisors LLC acquired a new stake in Genius Sports during the 2nd quarter worth about $595,000. Finally, Ancora Advisors LLC raised its position in shares of Genius Sports by 201.3% in the 2nd quarter. Ancora Advisors LLC now owns 370,631 shares of the company’s stock worth $2,246,000 after acquiring an additional 247,610 shares in the last quarter. 81.91% of the stock is owned by institutional investors and hedge funds.

About Genius Sports

Genius Sports Limited (NYSE:GENI) is a sports technology and data company that provides official sports data, technology, and digital services to sports leagues, federations, teams, broadcasters, sportsbooks, and brands. Its platforms help clients collect, manage, distribute, and commercialize live sports information across digital channels.

The company’s offerings include live scores and statistics, data feeds for sports betting, fan-engagement tools, video streaming and content services, and advertising and sponsorship technology.