Genius Sports (NYSE:GENI) Stock Price Up 3.9% – Still a Buy?

Shares of Genius Sports Limited (NYSE:GENI) traded up 3.9% on Friday . The company traded as high as $8.29 and last traded at $8.27. 415,899 shares were traded during trading, a decline of 93% from the average session volume of 6,265,829 shares. The stock had previously closed at $7.96.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on GENI shares. The Goldman Sachs Group reissued a “buy” rating and issued a $10.50 target price on shares of Genius Sports in a report on Friday, August 7th. Weiss Ratings upgraded Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft started coverage on Genius Sports in a research report on Monday, May 11th. They issued a “buy” rating and a $10.00 price target for the company. Freedom Capital raised shares of Genius Sports to a “strong-buy” rating in a research report on Monday, July 20th. Finally, Citigroup cut their price objective on shares of Genius Sports from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.44.

Genius Sports Stock Up 2.5%

The company has a 50 day moving average price of $6.96 and a two-hundred day moving average price of $5.85. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market cap of $2.01 billion, a PE ratio of -12.00 and a beta of 1.90.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.28) 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 business had revenue of $195.50 million for the quarter, compared to analysts’ expectations of $184.43 million. During the same period last year, the business earned ($0.21) earnings per share. The company’s quarterly revenue was up 64.7% on a year-over-year basis. Analysts expect that Genius Sports Limited will post -0.35 EPS for the current year.

Institutional Trading of Genius Sports

A number of large investors have recently made changes to their positions in the stock. TimesSquare Capital Management LLC purchased a new position in shares of Genius Sports during the fourth quarter valued at approximately $59,851,000. Senvest Management LLC boosted its holdings in 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 purchasing an additional 4,243,157 shares during the last quarter. Invesco Ltd. boosted its holdings in Genius Sports by 3,584.2% in the second quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock worth $34,233,000 after purchasing an additional 3,202,290 shares during the last quarter. Balyasny Asset Management L.P. grew its position in Genius Sports by 785.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 3,289,270 shares of the company’s stock worth $36,248,000 after purchasing an additional 2,917,830 shares during the period. Finally, Voss Capital LP increased its position in Genius Sports by 35.4% during the fourth quarter. Voss Capital LP now owns 11,100,000 shares of the company’s stock valued at $122,322,000 after acquiring an additional 2,900,000 shares during the last quarter. 81.91% of the stock is currently owned by institutional investors.

Genius Sports Company Profile

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.