Genius Sports (NYSE:GENI – Get Free Report) had its price target decreased by equities researchers at BTIG Research from $10.00 to $8.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research‘s price objective suggests a potential upside of 35.32% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on GENI. Wall Street Zen cut shares of Genius Sports from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 31st. Guggenheim raised their price objective on Genius Sports from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Freedom Capital raised Genius Sports to a “strong-buy” rating in a report on Monday, July 20th. The Goldman Sachs Group reissued a “buy” rating and issued a $10.50 target price on shares of Genius Sports in a research report on Friday, August 7th. Finally, Oppenheimer raised their price target on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.91.
Read Our Latest Analysis on Genius Sports
Genius Sports Stock Down 15.7%
Genius Sports stock traded down $1.10 during mid-day trading on Thursday, hitting $5.91. The company had a trading volume of 21,811,629 shares, compared to its average volume of 6,505,024. 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 1 year low of $3.83 and a 1 year high of $11.57. The business has a fifty day moving average of $6.60 and a 200 day moving average of $6.25. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -8.69 and a beta of 1.95.
Genius Sports (NYSE:GENI – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.07). The company had revenue of $269.86 million for the quarter, compared to analysts’ expectations of $261.13 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 62.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.11) EPS. On average, sell-side analysts expect that Genius Sports will post -0.35 earnings per share for the current fiscal year.
Insider Buying and Selling at Genius Sports
In other 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 sale, the insider directly owned 471,467 shares of the company’s stock, valued at approximately $3,069,250.17. This represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Locke sold 477,449 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 19,697,767 shares in the company, valued at approximately $129,611,306.86. This represents a 2.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 850,000 shares of company stock worth $5,582,049 over the last three months. 16.60% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Genius Sports
Several institutional investors have recently added to or reduced their stakes in the stock. Senvest Management LLC lifted 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 acquiring an additional 4,243,157 shares during the period. WCM Investment Management LLC increased its holdings in shares of Genius Sports by 510.9% in the first quarter. WCM Investment Management LLC now owns 2,917,437 shares of the company’s stock valued at $12,370,000 after purchasing an additional 2,439,890 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Genius Sports in the first quarter valued at approximately $9,636,000. Renaissance Technologies LLC increased its holdings in shares of Genius Sports by 277.0% in the first quarter. Renaissance Technologies LLC now owns 2,197,700 shares of the company’s stock valued at $9,736,000 after purchasing an additional 1,614,700 shares during the period. Finally, Amova Asset Management Americas Inc. raised its stake 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 worth $17,321,000 after purchasing an additional 1,549,816 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.
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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