Genius Sports (NYSE:GENI) Upgraded 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 research report report published on Sunday morning,Wall Street Zen reports.

Several other equities analysts also recently commented on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $9.00 price target on shares of Genius Sports in a report on Friday. Stifel Nicolaus dropped their target price on Genius Sports from $8.50 to $7.00 and set a “hold” rating for the company in a research report on Monday, October 26th. Guggenheim upped their target price on Genius Sports from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, November 6th. Needham & Company LLC increased 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. Finally, BTIG Research reduced their price target on Genius Sports from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned 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 stock has a consensus rating of “Moderate Buy” and an average price target of $10.76.

Genius Sports Trading Up 2.5%

Shares of NYSE GENI opened at $6.36 on Friday. The business’s 50 day moving average is $6.46 and its two-hundred day moving average is $6.18. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.94 and a quick ratio of 0.94. Genius Sports has a 1-year low of $3.83 and a 1-year high of $11.57. The stock has a market capitalization of $1.57 billion, a P/E ratio of -10.09 and a beta of 1.95.

Genius Sports (NYSE:GENI) last announced its earnings results 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). The firm had revenue of $269.86 million during the quarter, compared to analysts’ expectations of $261.13 million. Genius Sports had a negative net margin of 18.85% and a negative return on equity of 22.27%. The company’s revenue was up 62.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.11) EPS. As a group, research analysts expect that Genius Sports will post -0.47 EPS for the current year.

Insider Buying and Selling at Genius Sports

In related news, insider Thomas Russell sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $6.51, for a total value of $325,500.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Locke sold 477,449 shares of the company’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 directly owned 19,697,767 shares of the company’s stock, valued at approximately $129,611,306.86. This trade represents a 2.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 850,000 shares of company stock worth $5,582,049 over the last 90 days. 16.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GENI. Senvest Management LLC lifted its position 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 worth $60,486,000 after purchasing an additional 4,243,157 shares during the period. WCM Investment Management LLC increased its holdings in Genius Sports by 510.9% during the first quarter. WCM Investment Management LLC now owns 2,917,437 shares of the company’s stock valued at $12,370,000 after buying an additional 2,439,890 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Genius Sports during the first quarter valued at approximately $9,636,000. Renaissance Technologies LLC increased its holdings in Genius Sports by 277.0% during the first quarter. Renaissance Technologies LLC now owns 2,197,700 shares of the company’s stock valued at $9,736,000 after buying an additional 1,614,700 shares during the period. Finally, Amova Asset Management Americas Inc. raised its stake in Genius Sports by 65.7% in the first quarter. Amova Asset Management Americas Inc. now owns 3,909,945 shares of the company’s stock worth $17,321,000 after buying an additional 1,549,816 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 sports technology company that collects, manages and distributes data and video from sporting events. Its technology supports live statistics, scores and other sports content for leagues, teams, broadcasters and betting operators. The company also provides services for sports betting, including official data distribution, trading tools and integrity monitoring. Its media and marketing offerings help sports organizations and brands connect with fans through digital content and targeted advertising.