Genius Sports (NYSE:GENI) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Genius Sports (NYSE:GENI) in a report published on Friday morning, MarketBeat.com reports. The firm issued an overweight rating and a $8.00 price target on the stock.

A number of other research analysts also recently commented on the stock. Oppenheimer lifted 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 Friday, August 7th. Zacks Research cut shares of Genius Sports from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. BTIG Research increased their price target on Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Roth Capital reissued a “buy” rating and issued a $12.00 target price on shares of Genius Sports in a report on Friday, August 7th. Finally, Freedom Capital upgraded Genius Sports to a “strong-buy” rating in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.25.

Genius Sports Trading Up 0.2%

NYSE GENI opened at $6.46 on Friday. The stock’s 50 day moving average price is $7.20 and its two-hundred day moving average price is $5.97. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of -9.49 and a beta of 1.88. Genius Sports has a 52 week low of $3.83 and a 52 week high of $13.52.

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

Insider Buying and Selling

In other news, insider Thomas Russell sold 50,000 shares of the stock in a transaction dated Thursday, September 17th. The shares were 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 of the company’s stock, valued at $3,069,250.17. This represents a 9.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark Locke sold 50,000 shares of the firm’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 sale, the chief executive officer directly owned 19,375,216 shares of the company’s stock, valued at $126,713,912.64. This trade represents a 0.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 850,000 shares of company stock valued at $5,582,049. 16.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Genius Sports

A number of institutional investors and hedge funds have recently made changes to their positions in GENI. Senvest Management LLC lifted its stake in Genius Sports by 45.1% during the 1st quarter. Senvest Management LLC now owns 13,653,724 shares of the company’s stock valued at $60,486,000 after acquiring an additional 4,243,157 shares in the last quarter. Voss Capital LP raised its holdings in shares of Genius Sports by 35.4% in the 4th quarter. Voss Capital LP now owns 11,100,000 shares of the company’s stock worth $122,322,000 after purchasing an additional 2,900,000 shares during the period. Stephens Investment Management Group LLC lifted its position in shares of Genius Sports by 35.1% during the 1st quarter. Stephens Investment Management Group LLC now owns 7,598,359 shares of the company’s stock valued at $33,661,000 after buying an additional 1,974,043 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in Genius Sports by 1.7% during the fourth quarter. Westfield Capital Management Co. LP now owns 5,951,203 shares of the company’s stock valued at $65,582,000 after purchasing an additional 101,120 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Genius Sports by 65.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,909,945 shares of the company’s stock worth $17,321,000 after buying an additional 1,549,816 shares during the period. Institutional investors and hedge funds own 81.91% of the company’s stock.

Key Genius Sports News

Here are the key news stories impacting Genius Sports this week:

• Positive Sentiment: JPMorgan initiated coverage with an Overweight rating and an $8 price target, implying approximately 23.9% upside from the referenced $6.46 level. The endorsement suggests the bank views Genius Sports as an attractively valued sports-data company with room for appreciation. Genius Sports Shares Rise After JPMorgan Initiates Coverage JPMorgan Initiates Genius Sports at Overweight
• Positive Sentiment: Call-option volume reached 4,198 contracts, 176% above the average of 1,523. The unusually high call activity indicates increased short-term bullish speculation, although options positioning does not necessarily reflect long-term fundamentals.
• Neutral Sentiment: Recent coverage is examining whether the launch of Prediction.com could support Genius Sports’ direct-to-consumer ambitions and justify a higher valuation. The articles highlight a potential strategic catalyst, but the investment impact remains uncertain. Genius Sports and Prediction.com Genius Sports Valuation Following Prediction.com Launch
• Negative Sentiment: A separate analysis argued that GENI still looks fully priced despite its previous 64% decline, signaling continued valuation concerns and the possibility that investors may demand stronger execution before assigning the stock a higher multiple. Genius Sports Stock Still Looks Fully Priced

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.