Genius Sports Limited (NYSE:GENI) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Genius Sports Limited (NYSE:GENI – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the twenty analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $11.25.

Several equities analysts have recently issued reports on GENI shares. BTIG Research upped their price target on Genius Sports from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Roth Capital reiterated a “buy” rating and issued a $12.00 price objective on shares of Genius Sports in a research report on Friday, August 7th. Freedom Capital raised Genius Sports to a “strong-buy” rating in a report on Monday, July 20th. Wall Street Zen downgraded shares of Genius Sports from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 29th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Genius Sports in a research note on Tuesday, September 8th.

View Our Latest Report on GENI

Insider Activity at Genius Sports

In other Genius Sports news, CEO Mark Locke sold 477,449 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $6.58, for a total value of $3,141,614.42. Following the transaction, the chief executive officer directly owned 19,697,767 shares of the company’s stock, valued at approximately $129,611,306.86. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the insider directly owned 471,467 shares of the company’s stock, valued at $3,069,250.17. This represents a 9.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 850,000 shares of company stock worth $5,582,049 over the last 90 days. 16.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GENI. Park National Corp OH acquired a new position in Genius Sports in the third quarter valued at about $84,000. WINTON GROUP Ltd acquired a new position in shares of Genius Sports during the 2nd quarter worth about $1,120,000. Corient Private Wealth LP acquired a new position in shares of Genius Sports during the 2nd quarter worth about $83,000. Odyssean LLC increased its stake in shares of Genius Sports by 61.3% in the 2nd 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. Finally, Round Rock Advisors LLC acquired a new stake in shares of Genius Sports in the 2nd quarter valued at approximately $595,000. 81.91% of the stock is currently owned by institutional investors.

Genius Sports Stock Performance

Shares of Genius Sports stock opened at $5.96 on Thursday. 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 50 day simple moving average of $7.12 and a 200 day simple moving average of $6.00. Genius Sports has a fifty-two week low of $3.83 and a fifty-two week high of $12.39. The firm has a market cap of $1.47 billion, a P/E ratio of -8.76 and a beta of 1.91.

Genius Sports (NYSE:GENI – Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.21). The firm had revenue of $195.50 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 64.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.21) EPS. Sell-side analysts predict that Genius Sports will post -0.35 earnings per share for the current fiscal year.

About Genius Sports

(Get Free Report)

Genius Sports Limited is a sports data, technology and media company that provides services to sports leagues, federations, teams, betting operators, broadcasters and brands. The company collects, manages and distributes official sports data, including live scores, statistics, schedules and related content, to support digital products, broadcasts and sports betting applications.

Its offerings include live data and odds solutions for betting operators, sports video and streaming services, fan-engagement tools, digital marketing and advertising technology, and sports integrity services designed to help organizations monitor competitions and protect against certain forms of betting-related misconduct.

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Analyst Recommendations for Genius Sports (NYSE:GENI)

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