Shares of Genius Sports Limited (NYSE:GENI – Get Free Report) have earned an average recommendation of “Moderate Buy” from the twenty research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, fifteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $11.25.
A number of research firms have weighed in on GENI. BTIG Research upped their price target on shares of Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Needham & Company LLC boosted their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, August 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $10.50 price objective on shares of Genius Sports in a research note on Friday, August 7th. Benchmark restated a “buy” rating on shares of Genius Sports in a research note on Friday, August 28th. Finally, Weiss Ratings upgraded Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd.
View Our Latest Stock Report on GENI
Insider Activity at Genius Sports
In related news, insider Thomas Russell sold 50,000 shares of the 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 completion of the sale, the insider directly owned 471,467 shares of the company’s stock, valued at $3,069,250.17. This trade represents a 9.59% decrease in their ownership of the stock. The sale 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 business’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $6.54, for a total transaction of $327,000.00. Following the transaction, the chief executive officer owned 19,375,216 shares in the company, valued at approximately $126,713,912.64. This trade represents a 0.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 850,000 shares of company stock valued at $5,582,049 in the last 90 days. Insiders own 16.60% of the company’s stock.
Institutional Investors Weigh In On Genius Sports
A number of institutional investors have recently added to or reduced their stakes in GENI. Senvest Management LLC increased its position in Genius Sports by 45.1% during the first 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 during the last quarter. Stephens Investment Management Group LLC increased its holdings 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 worth $33,661,000 after buying an additional 1,974,043 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Genius Sports by 65.7% during 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 last quarter. Amova Asset Management Americas Inc. increased its holdings in shares of Genius Sports by 65.7% during the 1st quarter. Amova Asset Management Americas 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 last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Genius Sports by 10.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,557,178 shares of the company’s stock worth $16,150,000 after acquiring an additional 339,792 shares during the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.
Genius Sports Stock Down 1.3%
Shares of NYSE GENI opened at $6.38 on Monday. The firm’s fifty day moving average is $6.67 and its 200 day moving average is $6.30. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -9.38 and a beta of 1.91. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.10. Genius Sports has a 52 week low of $3.83 and a 52 week high of $11.57.
Genius Sports (NYSE:GENI – Get Free Report) last released its 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). Genius Sports had a negative net margin of 22.99% and a negative return on equity of 23.83%. The firm had revenue of $195.50 million during the quarter, compared to analysts’ expectations of $184.43 million. During the same quarter in the previous year, the business earned ($0.21) EPS. The company’s revenue for the quarter was up 64.7% compared to the same quarter last year. On average, equities research analysts expect that Genius Sports will post -0.35 earnings per share for the current year.
Genius Sports Company Profile
Genius Sports Limited (NYSE: GENI) is a sports technology and data company that provides official sports data, technology, and digital media solutions. Its platform helps sports organizations collect, manage, and distribute live game data while supporting fan engagement and commercial activities.
The company supplies real-time data and related products to sportsbooks, media companies, sports leagues, teams, and brands. Its services include live statistics, betting data and trading solutions, streaming and video content, digital marketing, sponsorship activation, and tools designed to connect sports audiences with content and advertising.
Genius Sports serves customers across international sports markets, including North America, Europe, and other regions.
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