Genius Sports (NYSE:GENI) Stock Rating Lowered by Wall Street Zen

Genius Sports (NYSE:GENI) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company lowered their price objective on shares of Genius Sports from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, March 5th. Benchmark restated a “buy” rating on shares of Genius Sports in a report on Thursday, March 5th. Oppenheimer lowered their price objective on shares of Genius Sports from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Thursday, March 5th. UBS Group restated a “buy” rating on shares of Genius Sports in a report on Wednesday, March 4th. Finally, BTIG Research lowered their price objective on shares of Genius Sports from $16.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.50.

Genius Sports Stock Performance

Shares of GENI opened at $4.36 on Friday. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -10.13 and a beta of 1.80. Genius Sports has a fifty-two week low of $3.83 and a fifty-two week high of $13.73. The firm has a 50 day moving average price of $4.91 and a 200-day moving average price of $8.16.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Thursday, March 5th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The business had revenue of $240.50 million during the quarter, compared to the consensus estimate of $234.94 million. Genius Sports had a negative return on equity of 13.66% and a negative net margin of 16.67%.The company’s revenue was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.12) earnings per share.

Institutional Trading of Genius Sports

Hedge funds and other institutional investors have recently modified their holdings of the business. TimesSquare Capital Management LLC purchased a new position in Genius Sports during the 4th quarter valued at about $59,851,000. Invesco Ltd. boosted its stake in Genius Sports by 3,584.2% during the second quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock worth $34,233,000 after acquiring an additional 3,202,290 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in Genius Sports by 785.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 3,289,270 shares of the company’s stock worth $36,248,000 after acquiring an additional 2,917,830 shares in the last quarter. Voss Capital LP boosted its stake in Genius Sports by 35.4% during the fourth quarter. Voss Capital LP now owns 11,100,000 shares of the company’s stock worth $122,322,000 after acquiring an additional 2,900,000 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in Genius Sports by 82.7% during the third quarter. Westfield Capital Management Co. LP now owns 5,850,083 shares of the company’s stock worth $72,424,000 after acquiring an additional 2,647,948 shares in the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.

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.