Genius Sports (NYSE:GENI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Genius Sports (NYSE:GENI) from a strong sell rating to a sell rating in a research note published on Monday morning,Wall Street Zen reports.

Several other equities analysts have also weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Genius Sports from $5.00 to $7.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. BTIG Research increased 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. Weiss Ratings upgraded Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. Needham & Company LLC lifted their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Benchmark reaffirmed a “buy” rating on shares of Genius Sports in a research report on Friday, August 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.44.

Genius Sports Price Performance

NYSE:GENI opened at $6.12 on Monday. The company has a 50 day moving average price of $7.21 and a 200-day moving average price of $5.96. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -9.01 and a beta of 1.88. Genius Sports has a 1-year low of $3.83 and a 1-year high of $13.52. 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 (NYSE:GENI) 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). Genius Sports had a negative net margin of 22.99% and a negative return on equity of 23.83%. The company had revenue of $195.50 million for the quarter, compared to analysts’ expectations of $184.43 million. During the same period in the previous year, the business earned ($0.21) earnings per share. The business’s revenue for the quarter was up 64.7% on a year-over-year basis. Equities research analysts forecast that Genius Sports will post -0.35 EPS for the current year.

Insider Activity

In other news, CEO Mark Locke sold 50,000 shares of the company’s 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 sale, the chief executive officer directly owned 19,375,216 shares in the company, valued at $126,713,912.64. This represents a 0.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction 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 trade represents a 9.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 850,000 shares of company stock worth $5,582,049 over the last quarter. Insiders own 16.60% of the company’s stock.

Institutional Investors Weigh In On Genius Sports

Hedge funds have recently modified their holdings of the stock. Voss Capital LP lifted its stake in shares of Genius Sports by 35.4% in the 4th quarter. Voss Capital LP now owns 11,100,000 shares of the company’s stock valued at $122,322,000 after purchasing an additional 2,900,000 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of Genius Sports by 1.7% in the fourth quarter. Westfield Capital Management Co. LP now owns 5,951,203 shares of the company’s stock valued at $65,582,000 after purchasing an additional 101,120 shares during the period. Senvest Management LLC grew its stake in shares of Genius Sports by 45.1% during the first quarter. Senvest Management LLC now owns 13,653,724 shares of the company’s stock valued at $60,486,000 after acquiring an additional 4,243,157 shares in the last quarter. Stephens Investment Management Group LLC grew its stake in 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 valued at $33,661,000 after purchasing an additional 1,974,043 shares in the last quarter. Finally, Needham Investment Management LLC grew its position in shares of Genius Sports by 8.5% during the fourth quarter. Needham Investment Management LLC now owns 2,690,000 shares of the company’s stock worth $29,644,000 after buying an additional 210,000 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 services to sports leagues, federations, teams, broadcasters, sportsbooks, and brands. Its platforms help clients collect, manage, distribute, and commercialize live sports information across digital channels.

The company’s offerings include live scores and statistics, data feeds for sports betting, fan-engagement tools, video streaming and content services, and advertising and sponsorship technology.