Genius Sports (NYSE:GENI) Stock Lifted to Sell by Wall Street Zen

Wall Street Zen upgraded shares of Genius Sports (NYSE:GENI – Free Report) from a strong sell rating to a sell rating in a report issued on Saturday,Wall Street Zen reports.

A number of other equities analysts have also weighed in on the stock. Guggenheim boosted their price target 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. Wells Fargo & Company reiterated an “equal weight” rating and issued a $8.00 price objective on shares of Genius Sports in a report on Friday, August 7th. BTIG Research increased their price objective on shares of Genius Sports from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Benchmark reissued a “buy” rating on shares of Genius Sports in a research note on Friday, August 28th. Finally, Needham & Company LLC boosted their target price on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Genius Sports has an average rating of “Moderate Buy” and a consensus target price of $11.25.

Read Our Latest Analysis on Genius Sports

Genius Sports Stock Down 3.5%

NYSE GENI opened at $6.35 on Friday. The business has a fifty day moving average price of $6.93 and a 200 day moving average price of $6.11. 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 company has a market cap of $1.56 billion, a P/E ratio of -9.33 and a beta of 1.91. Genius Sports has a one year low of $3.83 and a one year high of $12.16.

Genius Sports (NYSE:GENI – Get Free Report) last announced its earnings results 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 business 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 company’s revenue for the quarter was up 64.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.21) EPS. Research analysts anticipate that Genius Sports will post -0.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, 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 transaction, the insider owned 471,467 shares in the company, valued at $3,069,250.17. The trade was a 9.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Locke sold 50,000 shares of Genius Sports stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $6.54, for a total value 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 represents a 0.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 850,000 shares of company stock valued at $5,582,049 over the last ninety days. Corporate insiders own 16.60% of the company’s stock.

Institutional Investors Weigh In On Genius Sports

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC purchased a new position in Genius Sports during the first quarter worth about $25,000. Baer Investment Advisory LLC purchased a new stake in shares of Genius Sports in the 1st quarter valued at approximately $61,000. State of Alaska Department of Revenue purchased a new stake in shares of Genius Sports in the 3rd quarter valued at approximately $63,000. Lexington Hill Partners LLC acquired a new stake in shares of Genius Sports during the 2nd quarter worth approximately $64,000. Finally, Pacer Advisors Inc. increased its holdings in shares of Genius Sports by 29.1% during the 1st quarter. Pacer Advisors Inc. now owns 15,270 shares of the company’s stock worth $68,000 after buying an additional 3,440 shares during the last quarter. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports Company Profile

(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.

Further Reading

Analyst Recommendations for Genius Sports (NYSE:GENI)

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