Wall Street Zen downgraded shares of Genius Sports (NYSE:GENI – Free Report) from a sell rating to a strong sell rating in a research report released on Saturday,Wall Street Zen reports.
GENI has been the topic of a number of other research reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $10.50 price objective on shares of Genius Sports in a report on Friday, August 7th. Guggenheim upped their price objective on shares of Genius Sports from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Zacks Research upgraded Genius Sports from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 6th. Oppenheimer lifted their target price on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Genius Sports has an average rating of “Moderate Buy” and a consensus price target of $11.25.
Check Out Our Latest Stock Analysis on Genius Sports
Genius Sports Price Performance
Shares of NYSE GENI opened at $6.38 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.97 and a quick ratio of 0.97. Genius Sports has a 1-year low of $3.83 and a 1-year high of $11.57. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of -9.38 and a beta of 1.91. The business has a 50-day moving average of $6.67 and a 200-day moving average of $6.30.
Genius Sports (NYSE:GENI – Get 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 company had revenue of $195.50 million during the quarter, compared to analysts’ expectations of $184.43 million. During the same quarter in the prior year, the company earned ($0.21) EPS. The firm’s revenue was up 64.7% compared to the same quarter last year. On average, equities analysts anticipate that Genius Sports will post -0.35 EPS for the current fiscal year.
Insiders Place Their Bets
In other Genius Sports news, insider Thomas Russell sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $6.51, for a total value of $325,500.00. Following the completion of the transaction, the insider owned 471,467 shares in the company, valued at approximately $3,069,250.17. This represents a 9.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Locke sold 477,449 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $6.58, for a total value of $3,141,614.42. Following the completion of the transaction, the chief executive officer directly owned 19,697,767 shares of the company’s stock, valued at $129,611,306.86. This trade represents a 2.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 850,000 shares of company stock valued at $5,582,049. 16.60% of the stock is owned by company insiders.
Institutional Investors Weigh In On Genius Sports
Institutional investors and hedge funds have recently bought and sold shares of the business. Senvest Management LLC boosted its holdings in shares of Genius Sports by 45.1% in the first quarter. Senvest Management LLC now owns 13,653,724 shares of the company’s stock worth $60,486,000 after buying an additional 4,243,157 shares during the period. Stephens Investment Management Group LLC increased its position in shares of Genius Sports by 35.1% in the first quarter. Stephens Investment Management Group LLC now owns 7,598,359 shares of the company’s stock worth $33,661,000 after acquiring an additional 1,974,043 shares in the last quarter. Amova Asset Management Americas Inc. raised its holdings in shares of Genius Sports by 65.7% during the first quarter. Amova Asset Management Americas Inc. now owns 3,909,945 shares of the company’s stock valued at $17,321,000 after acquiring an additional 1,549,816 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Genius Sports by 65.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,909,945 shares of the company’s stock valued at $17,321,000 after acquiring an additional 1,549,816 shares during the period. Finally, IFC Advisors LLC lifted its position in shares of Genius Sports by 23.2% in the 1st quarter. IFC Advisors LLC now owns 3,583,833 shares of the company’s stock valued at $15,876,000 after acquiring an additional 676,034 shares in the last quarter. 81.91% of the stock is owned by institutional investors and hedge funds.
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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