Genius Sports (NYSE:GENI) CEO Mark Locke Sells 477,449 Shares of Stock

Genius Sports Limited (NYSE:GENI) CEO Mark Locke sold 477,449 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $6.58, for a total transaction of $3,141,614.42. Following the completion of the sale, the chief executive officer owned 19,697,767 shares in the company, valued at approximately $129,611,306.86. This trade represents a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, September 17th, Mark Locke sold 50,000 shares of Genius Sports stock. The shares were sold at an average price of $6.54, for a total transaction of $327,000.00.
• On Wednesday, September 16th, Mark Locke sold 272,551 shares of Genius Sports stock. The shares were sold at an average price of $6.56, for a total transaction of $1,787,934.56.

Genius Sports Trading Down 2.1%

GENI opened at $6.48 on Friday. The firm has a market cap of $1.60 billion, a P/E ratio of -9.54 and a beta of 1.88. Genius Sports Limited has a 12 month low of $3.83 and a 12 month high of $13.69. 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 stock has a 50-day moving average of $7.25 and a 200 day moving average of $5.97.

Genius Sports (NYSE:GENI) last issued its quarterly earnings data on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.21). The company had revenue of $195.50 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 64.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.21) earnings per share. As a group, research analysts forecast that Genius Sports Limited will post -0.35 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GENI. Senvest Management LLC increased its holdings in shares of Genius Sports by 45.1% in the 1st 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 during the period. Voss Capital LP boosted 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 purchasing an additional 2,900,000 shares in the last quarter. Stephens Investment Management Group LLC grew its stake in Genius Sports by 35.1% in the first 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 during the last quarter. Westfield Capital Management Co. LP raised its holdings in 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 worth $65,582,000 after purchasing an additional 101,120 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Genius Sports by 65.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,909,945 shares of the company’s stock valued at $17,321,000 after buying an additional 1,549,816 shares during the last quarter. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GENI. Stifel Nicolaus boosted their price objective on shares of Genius Sports from $5.00 to $7.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. BTIG Research lifted their price target on shares of Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Oppenheimer upped their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Needham & Company LLC increased their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $8.00 price objective on shares of Genius Sports in a research note on Friday, August 7th. One 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $11.44.

Genius Sports News Roundup

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

• Positive Sentiment: Genius Sports launched Prediction.com, a platform designed to compare prediction-market probabilities, event contracts and related insights. The initiative could broaden the company’s sports-data and wagering ecosystem and create new monetization opportunities. Genius Sports Launches Prediction.com, The Premium Prediction Market Platform for Comparing Probabilities, Event Contracts and Insights
• Positive Sentiment: CEO Mark Locke said Genius Sports expects to benefit regardless of how Americans participate in wagering, reinforcing the company’s strategic focus on prediction markets amid growing consumer interest. Genius Sports CEO: We Get Paid However Americans Wager
• Neutral Sentiment: The company is also expanding its media and content profile through a new basketball insights series featuring Chris Paul. The deal may improve audience engagement, although its direct financial impact was not disclosed. Chris Paul to share basketball insights in new content series co-produced with Words + Pictures, Genius Sports
• Neutral Sentiment: Options-market activity has attracted attention, but the report does not establish whether traders expect a sustained rally or decline. Do Options Traders Know Something About Genius Sports Stock We Don’t?
• Negative Sentiment: CEO Mark Locke sold a combined 800,000 shares from September 15–17 for approximately $5.26 million. The sales reduced his direct holdings by roughly 4%, potentially signaling caution and adding selling pressure. He still owns about 19.38 million shares. SEC insider ownership filing
• Negative Sentiment: Prediction markets face ongoing legal and regulatory challenges, creating uncertainty around the timing, availability and commercial potential of Genius Sports’ new platform. Genius Sports CEO on Future of Prediction Markets in Face of Legal Challenges

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.