Genius Sports (NYSE:GENI) Rating Increased to Sell 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 report published on Saturday morning.

A number of other research firms also recently commented on GENI. Truist Financial decreased their price objective on shares of Genius Sports from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Stifel Nicolaus reduced their price target on shares of Genius Sports from $7.00 to $5.00 and set a “hold” rating for the company in a research report on Thursday, April 9th. Needham & Company LLC decreased their price target on Genius Sports from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. BTIG Research lowered their price target on Genius Sports from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Genius Sports in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.50.

Genius Sports Stock Performance

NYSE:GENI opened at $6.31 on Friday. Genius Sports has a 1 year low of $3.83 and a 1 year high of $13.73. The stock has a fifty day moving average price of $5.91 and a two-hundred day moving average price of $6.33. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -10.34 and a beta of 1.91.

Genius Sports (NYSE:GENI) last issued its earnings results on Thursday, May 7th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.12). The company had revenue of $187.95 million for the quarter, compared to analysts’ expectations of $170.60 million. Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.Genius Sports’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. On average, analysts predict that Genius Sports will post -0.12 EPS for the current year.

Hedge Funds Weigh In On Genius Sports

Several hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC purchased a new stake in shares of Genius Sports in the first quarter valued at $25,000. UMB Bank n.a. purchased a new stake in Genius Sports during the 4th quarter worth about $63,000. Victory Financial Group LLC acquired a new position in Genius Sports in the 4th quarter valued at about $113,000. Lexington Hill Partners LLC acquired a new position in Genius Sports in the 2nd quarter valued at about $64,000. Finally, Osaic Holdings Inc. lifted its holdings in Genius Sports by 72.6% in the 2nd quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock valued at $111,000 after purchasing an additional 4,477 shares in the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.

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.