Stifel Nicolaus Issues Pessimistic Forecast for Genius Sports (NYSE:GENI) Stock Price

Genius Sports (NYSE:GENI) had its price objective reduced by investment analysts at Stifel Nicolaus from $8.50 to $7.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus‘s price objective suggests a potential upside of 10.74% from the stock’s current price.

A number of other equities analysts have also recently commented on GENI. Guggenheim raised their target price on Genius Sports from $11.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $8.00 price objective on shares of Genius Sports in a report on Friday, August 7th. Weiss Ratings upgraded shares of Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $10.50 price objective on shares of Genius Sports in a report on Friday, August 7th. Finally, Wall Street Zen raised Genius Sports from a “strong sell” rating to a “sell” rating in a report on Saturday, October 17th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.25.

Genius Sports Price Performance

GENI traded down $0.01 during trading on Monday, hitting $6.32. The company’s stock had a trading volume of 3,327,806 shares, compared to its average volume of 6,400,739. Genius Sports has a twelve month low of $3.83 and a twelve month high of $12.13. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.10. The business’s fifty day simple moving average is $6.80 and its 200 day simple moving average is $6.19. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -9.27 and a beta of 1.91.

Genius Sports (NYSE:GENI) last posted 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 business had revenue of $195.50 million for the quarter, compared to analyst estimates of $184.43 million. During the same quarter in the previous year, the firm posted ($0.21) earnings per share. The business’s revenue was up 64.7% compared to the same quarter last year. On average, equities research analysts forecast that Genius Sports will post -0.35 EPS for the current fiscal year.

Insider Activity at Genius Sports

In other Genius Sports news, insider Thomas Russell sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was 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 $3,069,250.17. This represents a 9.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Locke sold 477,449 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $6.58, for a total transaction 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 approximately $129,611,306.86. The trade was a 2.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 corporate insiders.

Hedge Funds Weigh In On Genius Sports

Several institutional investors have recently made changes to their positions in GENI. Signaturefd LLC raised its holdings in shares of Genius Sports by 45.9% during the third quarter. Signaturefd LLC now owns 5,096 shares of the company’s stock valued at $29,000 after buying an additional 1,602 shares during the last quarter. Parallel Advisors LLC acquired a new position in shares of Genius Sports in the first quarter worth about $25,000. Lexington Hill Partners LLC acquired a new stake in Genius Sports during the 2nd quarter valued at $64,000. State of Alaska Department of Revenue purchased a new stake in Genius Sports in the 3rd quarter worth about $63,000. Finally, Corient Private Wealth LP purchased a new position in Genius Sports during the second quarter valued at approximately $83,000. 81.91% of the stock is owned by institutional investors.

About Genius Sports

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.