Genius Sports Limited (NYSE:GENI) Receives Average Rating of “Moderate Buy” from Brokerages

Genius Sports Limited (NYSE:GENI) has been assigned an average recommendation of “Moderate Buy” from the twenty analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, fifteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $11.25.

Several equities analysts recently weighed in on GENI shares. Stifel Nicolaus lifted their target price on shares of Genius Sports from $5.00 to $7.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Benchmark reissued a “buy” rating on shares of Genius Sports in a research report on Friday, August 28th. Citigroup reissued a “market outperform” rating on shares of Genius Sports in a research report on Tuesday, September 8th. Weiss Ratings raised Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. Finally, Freedom Capital raised Genius Sports to a “strong-buy” rating in a research report on Monday, July 20th.

Genius Sports Stock Up 2.8%

GENI opened at $6.39 on Thursday. Genius Sports has a 1 year low of $3.83 and a 1 year high of $12.39. The firm has a 50 day moving average price of $7.08 and a 200 day moving average price of $6.02. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $1.57 billion, a PE ratio of -9.40 and a beta of 1.91.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.21). Genius Sports had a negative net margin of 22.99% and a negative return on equity of 23.83%. The business had revenue of $195.50 million for the quarter, compared to analyst estimates of $184.43 million. During the same period last year, the firm earned ($0.21) earnings per share. The company’s quarterly revenue was up 64.7% on a year-over-year basis. Sell-side analysts expect that Genius Sports will post -0.35 earnings per share for the current year.

Insider Activity at Genius Sports

In other Genius Sports news, 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 completion of the sale, the chief executive officer owned 19,697,767 shares of the company’s stock, valued at $129,611,306.86. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Russell sold 50,000 shares of Genius Sports stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $6.51, for a total transaction of $325,500.00. Following the sale, the insider owned 471,467 shares in the company, valued at $3,069,250.17. This represents a 9.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 850,000 shares of company stock worth $5,582,049 over the last three months. 16.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Senvest Management LLC raised 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 valued at $60,486,000 after purchasing an additional 4,243,157 shares in the last quarter. Voss Capital LP boosted its stake in shares of Genius Sports by 35.4% during the 4th 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. WCM Investment Management LLC grew its position in shares of Genius Sports by 510.9% during the first quarter. WCM Investment Management LLC now owns 2,917,437 shares of the company’s stock worth $12,370,000 after buying an additional 2,439,890 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Genius Sports during the first quarter worth approximately $9,636,000. Finally, Stephens Investment Management Group LLC increased its stake in shares of 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 worth $33,661,000 after buying an additional 1,974,043 shares during the last quarter. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Genius Sports Company Profile

Genius Sports Limited is a sports data, technology and media company that provides services to sports leagues, federations, teams, betting operators, broadcasters and brands. The company collects, manages and distributes official sports data, including live scores, statistics, schedules and related content, to support digital products, broadcasts and sports betting applications.

Its offerings include live data and odds solutions for betting operators, sports video and streaming services, fan-engagement tools, digital marketing and advertising technology, and sports integrity services designed to help organizations monitor competitions and protect against certain forms of betting-related misconduct.