Genius Sports (NYSE:GENI) Insider Jack Davison Sells 30,000 Shares of Company Stock

Genius Sports Limited (NYSE:GENI) insider Jack Davison sold 30,000 shares of Genius Sports stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $6.14, for a total transaction of $184,200.00. Following the completion of the transaction, the insider owned 1,999,706 shares in the company, valued at approximately $12,278,194.84. This represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Genius Sports Stock Performance

Shares of GENI traded up $0.14 during mid-day trading on Friday, hitting $6.24. 4,632,769 shares of the company’s stock were exchanged, compared to its average volume of 6,511,555. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09. Genius Sports Limited has a fifty-two week low of $3.83 and a fifty-two week high of $11.57. The business’s 50 day moving average is $6.42 and its two-hundred day moving average is $6.14. The firm has a market capitalization of $1.54 billion, a P/E ratio of -9.90 and a beta of 1.95.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Thursday, November 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.07). The company had revenue of $269.86 million during the quarter, compared to analyst estimates of $261.13 million. Genius Sports had a negative net margin of 18.85% and a negative return on equity of 22.27%. The business’s revenue was up 62.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.11) EPS. On average, equities analysts expect that Genius Sports Limited will post -0.49 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GENI. Signaturefd LLC raised its position in Genius Sports by 45.9% in the third quarter. Signaturefd LLC now owns 5,096 shares of the company’s stock worth $29,000 after acquiring an additional 1,602 shares in the last quarter. Parallel Advisors LLC purchased a new stake in shares of Genius Sports during the 1st quarter worth $25,000. Lexington Hill Partners LLC purchased a new stake in shares of Genius Sports during the 2nd quarter worth $64,000. State of Alaska Department of Revenue purchased a new stake in shares of Genius Sports during the 3rd quarter worth $63,000. Finally, Kornitzer Capital Management Inc. KS acquired a new position in shares of Genius Sports during the 3rd quarter worth $73,000. Institutional investors and hedge funds own 81.91% of the company’s stock.

Wall Street Analysts Forecast Growth

GENI has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Genius Sports in a report on Friday, October 30th. The Goldman Sachs Group reiterated a “buy” rating and issued a $9.00 price objective on shares of Genius Sports in a research report on Friday, November 6th. Roth Capital reissued a “buy” rating and issued a $12.00 price objective on shares of Genius Sports in a research note on Friday, August 7th. Oppenheimer cut their price objective on shares of Genius Sports from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, November 6th. Finally, Zacks Research cut shares of Genius Sports from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.76.

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.