Genius Sports (NYSE:GENI) Reaches New 12-Month Low – Time to Sell?

Genius Sports Limited (NYSE:GENI) shares hit a new 52-week low on Monday . The company traded as low as $3.83 and last traded at $3.9370, with a volume of 94550 shares trading hands. The stock had previously closed at $3.92.

Wall Street Analysts Forecast Growth

GENI has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Genius Sports from a “sell” rating to a “hold” rating in a research report on Saturday. UBS Group reiterated a “buy” rating on shares of Genius Sports in a research report on Wednesday, March 4th. Guggenheim dropped their price target on shares of Genius Sports from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, February 6th. BTIG Research dropped their price target on shares of Genius Sports from $16.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Genius Sports in a research report on Friday, February 6th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $12.63.

Genius Sports Stock Up 3.2%

The stock has a market cap of $996.32 million, a price-to-earnings ratio of -9.41 and a beta of 2.08. The business’s fifty day moving average is $5.50 and its two-hundred day moving average is $8.91.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Thursday, March 5th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The business had revenue of $240.50 million during the quarter, compared to analyst estimates of $234.94 million. Genius Sports had a negative net margin of 16.67% and a negative return on equity of 13.66%. The company’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.12) EPS. As a group, sell-side analysts expect that Genius Sports Limited will post -0.1 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in Genius Sports by 79.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,293,172 shares of the company’s stock worth $16,009,000 after acquiring an additional 572,607 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Genius Sports by 395.5% during the 3rd quarter. New York State Common Retirement Fund now owns 979,000 shares of the company’s stock worth $12,120,000 after acquiring an additional 781,411 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Genius Sports by 4.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,006,277 shares of the company’s stock worth $36,316,000 after acquiring an additional 117,591 shares in the last quarter. Penn Capital Management Company LLC lifted its position in shares of Genius Sports by 2,593.7% during the 3rd quarter. Penn Capital Management Company LLC now owns 1,219,711 shares of the company’s stock worth $15,116,000 after buying an additional 1,174,431 shares during the last quarter. Finally, Stephens Investment Management Group LLC lifted its position in shares of Genius Sports by 341.6% during the 3rd quarter. Stephens Investment Management Group LLC now owns 3,330,469 shares of the company’s stock worth $41,231,000 after buying an additional 2,576,329 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

About Genius Sports

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.