Genius Sports (NYSE:GENI) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen cut shares of Genius Sports (NYSE:GENI) from a sell rating to a strong sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

GENI has been the subject of a number of other reports. Stifel Nicolaus cut their price target on Genius Sports from $8.50 to $7.00 and set a “hold” rating for the company in a research note on Monday, October 26th. Roth Capital restated a “buy” rating and set a $12.00 target price on shares of Genius Sports in a research report on Friday, August 7th. BTIG Research upped their target price on shares of Genius Sports from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Zacks Research raised shares of Genius Sports from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. began coverage on shares of Genius Sports in a research report on Friday, September 25th. They issued an “overweight” rating and a $8.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $11.25.

Genius Sports Price Performance

NYSE GENI opened at $6.53 on Friday. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of -9.60 and a beta of 1.91. Genius Sports has a 1-year low of $3.83 and a 1-year high of $11.57. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.97 and a quick ratio of 0.97. The business’s fifty day moving average price is $6.64 and its 200-day moving average price is $6.28.

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

Insider Activity

In related 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 directly owned 19,697,767 shares of the company’s stock, valued at approximately $129,611,306.86. This represents a 2.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas Russell sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $6.51, for a total transaction 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 850,000 shares of company stock worth $5,582,049 in the last ninety days. Corporate insiders own 16.60% of the company’s stock.

Hedge Funds Weigh In On Genius Sports

A number of hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new position in shares of Genius Sports during the 3rd quarter valued at $121,000. Commonwealth Equity Services LLC boosted its holdings in Genius Sports by 81.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 19,889 shares of the company’s stock worth $114,000 after buying an additional 8,898 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in Genius Sports by 26.4% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 70,420 shares of the company’s stock worth $446,000 after buying an additional 14,722 shares during the period. Integrity Alliance LLC. purchased a new stake in Genius Sports in the 3rd quarter worth $141,000. Finally, Gerber Kawasaki Wealth & Investment Management increased its stake in Genius Sports by 17.2% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 108,599 shares of the company’s stock worth $622,000 after buying an additional 15,929 shares in the last quarter. 81.91% of the stock is currently owned by institutional investors.

About Genius Sports

Genius Sports Limited (NYSE: GENI) is a sports technology and data company that provides official sports data, technology, and digital media solutions. Its platform helps sports organizations collect, manage, and distribute live game data while supporting fan engagement and commercial activities.

The company supplies real-time data and related products to sportsbooks, media companies, sports leagues, teams, and brands. Its services include live statistics, betting data and trading solutions, streaming and video content, digital marketing, sponsorship activation, and tools designed to connect sports audiences with content and advertising.

Genius Sports serves customers across international sports markets, including North America, Europe, and other regions.