Genius Sports (NYSE:GENI) Hits New 12-Month Low – What’s Next?

Genius Sports Limited (NYSE:GENI)’s share price hit a new 52-week low on Tuesday . The company traded as low as $5.68 and last traded at $5.9240, with a volume of 392731 shares traded. The stock had previously closed at $5.73.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Truist Financial set a $15.00 price target on Genius Sports in a research note on Monday, February 2nd. Needham & Company LLC restated a “buy” rating and issued a $16.00 price objective on shares of Genius Sports in a research report on Thursday, December 4th. Citizens Jmp upped their target price on Genius Sports from $15.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Thursday, December 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Genius Sports in a research report on Monday, December 29th. Finally, Citigroup reissued an “outperform” rating on shares of Genius Sports in a report on Monday, February 9th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Genius Sports has a consensus rating of “Moderate Buy” and an average price target of $13.48.

Genius Sports Price Performance

The stock has a 50 day simple moving average of $9.10 and a two-hundred day simple moving average of $10.77. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -12.58 and a beta of 1.85.

Institutional Trading of Genius Sports

Hedge funds have recently made changes to their positions in the company. TimesSquare Capital Management LLC acquired a new position in Genius Sports in the fourth quarter valued at approximately $59,851,000. Global Alpha Capital Management Ltd. purchased a new position in shares of Genius Sports during the 2nd quarter worth $43,552,000. Invesco Ltd. grew its holdings in shares of Genius Sports by 3,584.2% during the 2nd quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock worth $34,233,000 after purchasing an additional 3,202,290 shares during the period. Balyasny Asset Management L.P. raised its holdings in Genius Sports by 785.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 3,289,270 shares of the company’s stock valued at $36,248,000 after buying an additional 2,917,830 shares during the period. Finally, Voss Capital LP lifted its position in Genius Sports by 35.4% in the fourth quarter. Voss Capital LP now owns 11,100,000 shares of the company’s stock valued at $122,322,000 after buying an additional 2,900,000 shares during the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.

About Genius Sports

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.