Genius Sports (NYSE:GENI) Stock Price Target Lowered at BTIG Research

Genius Sports (NYSE:GENI – Free Report) had its target price cut by BTIG Research from $10.00 to $8.00 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also issued research reports about the company. Citigroup restated a “market outperform” rating on shares of Genius Sports in a report on Thursday, October 8th. Needham & Company LLC upped their price target on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Wells Fargo & Company lowered Genius Sports from an “overweight” rating to an “equal weight” rating and set a $8.00 price target for the company. in a research report on Friday, August 7th. JPMorgan Chase & Co. began coverage on Genius Sports in a research note on Friday, September 25th. They set an “overweight” rating and a $8.00 price objective on the stock. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $10.50 price objective on shares of Genius Sports in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Genius Sports currently has an average rating of “Moderate Buy” and an average target price of $10.91.

View Our Latest Report on Genius Sports

Genius Sports Price Performance

Shares of GENI opened at $5.91 on Thursday. Genius Sports has a 12-month low of $3.83 and a 12-month high of $11.57. The business’s fifty day moving average is $6.56 and its 200 day moving average is $6.23. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.10. The stock has a market cap of $1.46 billion, a P/E ratio of -8.69 and a beta of 1.95.

Genius Sports (NYSE:GENI – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.07). Genius Sports had a negative return on equity of 23.83% and a negative net margin of 22.99%. The business had revenue of $269.86 million for the quarter, compared to analyst estimates of $261.13 million. During the same quarter in the previous year, the company posted ($0.11) EPS. The business’s quarterly revenue was up 62.3% on a year-over-year basis. Sell-side analysts anticipate that Genius Sports will post -0.35 earnings per share for the current fiscal year.

Insider Activity at Genius Sports

In other 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 directly owned 471,467 shares of the company’s stock, valued at $3,069,250.17. This represents a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mark Locke sold 477,449 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $6.58, for a total value of $3,141,614.42. Following the sale, the chief executive officer directly owned 19,697,767 shares of the company’s stock, valued at $129,611,306.86. The trade was a 2.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 850,000 shares of company stock worth $5,582,049. Insiders own 16.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC increased its holdings in Genius Sports by 45.9% during the third quarter. Signaturefd LLC now owns 5,096 shares of the company’s stock worth $29,000 after buying an additional 1,602 shares during the last quarter. Parallel Advisors LLC purchased a new position in Genius Sports in the first quarter valued at about $25,000. Lexington Hill Partners LLC purchased a new position in Genius Sports in the second quarter valued at about $64,000. State of Alaska Department of Revenue purchased a new position in Genius Sports in the third quarter valued at about $63,000. Finally, Kornitzer Capital Management Inc. KS bought a new position in shares of Genius Sports during the 3rd quarter valued at approximately $73,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

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About Genius Sports

(Get Free Report)

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.

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