Genius Sports (NYSE:GENI) CEO Mark Locke Sells 272,551 Shares of Stock

Genius Sports Limited (NYSE:GENIGet Free Report) CEO Mark Locke sold 272,551 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $6.56, for a total transaction of $1,787,934.56. Following the completion of the sale, the chief executive officer owned 19,425,216 shares of the company’s stock, valued at $127,429,416.96. This trade represents a 1.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Mark Locke also recently made the following trade(s):

  • On Thursday, September 17th, Mark Locke sold 50,000 shares of Genius Sports stock. The stock was sold at an average price of $6.54, for a total transaction of $327,000.00.
  • On Tuesday, September 15th, Mark Locke sold 477,449 shares of Genius Sports stock. The shares were sold at an average price of $6.58, for a total transaction of $3,141,614.42.

Genius Sports Price Performance

Shares of GENI stock traded down $0.14 during midday trading on Thursday, reaching $6.48. 7,189,063 shares of the company traded hands, compared to its average volume of 4,524,462. The firm’s 50 day simple moving average is $7.25 and its two-hundred day simple moving average is $5.97. Genius Sports Limited has a 1-year low of $3.83 and a 1-year high of $13.69. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $1.60 billion, a PE ratio of -9.54 and a beta of 1.88.

Genius Sports (NYSE:GENIGet Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $195.50 million during the quarter, compared to analyst estimates of $184.43 million. During the same quarter in the prior year, the company earned ($0.21) EPS. The business’s revenue was up 64.7% on a year-over-year basis. On average, equities research analysts expect that Genius Sports Limited will post -0.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Zacks Research cut Genius Sports from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Stifel Nicolaus increased their price objective on shares of Genius Sports from $5.00 to $7.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Wells Fargo & Company restated an “equal weight” rating and set a $8.00 target price on shares of Genius Sports in a report on Friday, August 7th. Guggenheim lifted their target price on shares of Genius Sports from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $10.50 price target on shares of Genius Sports in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Genius Sports has an average rating of “Moderate Buy” and a consensus price target of $11.44.

Check Out Our Latest Stock Analysis on Genius Sports

Hedge Funds Weigh In On Genius Sports

A number of institutional investors have recently made changes to their positions in the stock. Voss Capital LP lifted its position in shares of Genius Sports by 35.4% in the fourth quarter. Voss Capital LP now owns 11,100,000 shares of the company’s stock valued at $122,322,000 after acquiring an additional 2,900,000 shares in the last quarter. Westfield Capital Management Co. LP increased its position in Genius Sports by 1.7% during the 4th quarter. Westfield Capital Management Co. LP now owns 5,951,203 shares of the company’s stock worth $65,582,000 after purchasing an additional 101,120 shares in the last quarter. Senvest Management LLC increased its position in Genius Sports by 45.1% during the 1st quarter. Senvest Management LLC now owns 13,653,724 shares of the company’s stock worth $60,486,000 after purchasing an additional 4,243,157 shares in the last quarter. Stephens Investment Management Group LLC raised its stake in Genius Sports by 35.1% in 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 purchasing an additional 1,974,043 shares during the last quarter. Finally, Needham Investment Management LLC raised its stake in Genius Sports by 8.5% in the 4th quarter. Needham Investment Management LLC now owns 2,690,000 shares of the company’s stock valued at $29,644,000 after purchasing an additional 210,000 shares during the last quarter. 81.91% of the stock is owned by institutional investors and hedge funds.

About Genius Sports

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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.

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