Mark Locke Sells 50,000 Shares of Genius Sports (NYSE:GENI) Stock

Genius Sports Limited (NYSE:GENI) CEO Mark Locke sold 50,000 shares of the business’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $6.54, for a total transaction of $327,000.00. Following the completion of the sale, the chief executive officer directly owned 19,375,216 shares in the company, valued at approximately $126,713,912.64. This represents a 0.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Mark Locke also recently made the following trade(s):

• On Wednesday, September 16th, Mark Locke sold 272,551 shares of Genius Sports stock. The stock was sold at an average price of $6.56, for a total value of $1,787,934.56.
• On Tuesday, September 15th, Mark Locke sold 477,449 shares of Genius Sports stock. The stock was sold at an average price of $6.58, for a total value of $3,141,614.42.

Genius Sports Stock Down 13.2%

Shares of GENI opened at $5.62 on Friday. The stock’s 50-day moving average price is $7.24 and its two-hundred day moving average price is $5.96. Genius Sports Limited has a 12 month low of $3.83 and a 12 month high of $13.69. The company has a market capitalization of $1.39 billion, a PE ratio of -8.27 and a beta of 1.88. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.10.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.21). The company had revenue of $195.50 million during the quarter, compared to analyst estimates of $184.43 million. Genius Sports had a negative net margin of 22.99% and a negative return on equity of 23.83%. The company’s quarterly revenue was up 64.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.21) EPS. On average, analysts anticipate that Genius Sports Limited will post -0.35 EPS for the current year.

Wall Street Analysts Forecast Growth

GENI has been the topic of a number of analyst reports. Needham & Company LLC upped their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Guggenheim lifted their target price on shares of Genius Sports from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Roth Capital restated a “buy” rating and issued a $12.00 target price on shares of Genius Sports in a report on Friday, August 7th. Wall Street Zen cut shares of Genius Sports from a “sell” rating to a “strong sell” rating in a research report on Sunday, September 13th. Finally, BTIG Research increased their price target on Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $11.44.

Key Headlines Impacting Genius Sports

Here are the key news stories impacting Genius Sports this week:

• Positive Sentiment: Genius Sports launched Prediction.com, a platform that compares prediction-market probabilities, event contracts and related insights. The product could expand the company’s sports-data ecosystem and create additional advertising, data and wagering-related revenue opportunities. Genius Sports Launches Prediction.com
• Positive Sentiment: Analyst sentiment remains generally favorable, with a reported consensus rating of “Moderate Buy” and an average price target of $11.44. Recent target increases and the company’s 64.7% year-over-year revenue growth provide longer-term support, despite continued losses.
• Neutral Sentiment: Genius Sports is expanding its media business through a basketball content series featuring Chris Paul. The initiative may improve engagement and brand visibility, but its direct financial contribution was not disclosed. Chris Paul content series
• Negative Sentiment: CEO Mark Locke sold 800,000 shares between September 15 and 17 for approximately $5.26 million. He still owns roughly 19.38 million shares, but the cluster of sales can be interpreted as a cautionary signal and may add near-term selling pressure. SEC CEO ownership filing
• Negative Sentiment: Insider Thomas Russell separately sold 50,000 shares for $325,500, reducing his ownership by about 9.6%. Multiple insider sales in a short period are likely contributing to investor concern. SEC Thomas Russell ownership filing
• Negative Sentiment: Prediction markets face ongoing legal and regulatory challenges, creating uncertainty around Prediction.com’s rollout and monetization potential. Genius Sports also remains unprofitable, with its latest quarterly EPS materially below expectations despite revenue exceeding estimates. Genius Sports CEO on prediction-market legal challenges

Institutional Trading of Genius Sports

Hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP boosted its holdings in Genius Sports by 11.0% in the second quarter. Wellington Management Group LLP now owns 1,714,882 shares of the company’s stock worth $10,392,000 after acquiring an additional 169,398 shares in the last quarter. ABS Direct Equity Fund LLC bought a new stake in shares of Genius Sports during the first quarter valued at approximately $1,772,000. Renaissance Technologies LLC raised its position in shares of Genius Sports by 277.0% during the first quarter. Renaissance Technologies LLC now owns 2,197,700 shares of the company’s stock worth $9,736,000 after purchasing an additional 1,614,700 shares during the period. IFC Advisors LLC grew its position in 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 purchasing an additional 676,034 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Genius Sports by 65.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,909,945 shares of the company’s stock valued at $17,321,000 after purchasing an additional 1,549,816 shares during the period. Institutional investors 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 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.