Genius Sports (NYSE:GENI) Rating Lowered to Strong Sell at Wall Street Zen

Genius Sports (NYSE:GENI) was downgraded by investment analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday.

Other analysts have also issued research reports about the company. Weiss Ratings upgraded Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. The Goldman Sachs Group reissued a “buy” rating and set a $10.50 target price on shares of Genius Sports in a research note on Friday, August 7th. Oppenheimer upped their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Needham & Company LLC raised their price target on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Stifel Nicolaus lifted their price objective 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. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Genius Sports has a consensus rating of “Moderate Buy” and an average target price of $11.44.

Genius Sports Stock Down 1.7%

Shares of NYSE GENI opened at $7.65 on Tuesday. Genius Sports has a 1 year low of $3.83 and a 1 year high of $13.73. The firm has a 50-day simple moving average of $6.67 and a two-hundred day simple moving average of $5.90. The company has a market cap of $1.88 billion, a P/E ratio of -11.25 and a beta of 1.90. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.97 and a quick ratio of 0.97.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.21). Genius Sports had a negative return on equity of 23.83% and a negative net margin of 22.99%.The business had revenue of $195.50 million for the quarter, compared to the consensus estimate of $184.43 million. During the same period in the prior year, the business posted ($0.21) earnings per share. Genius Sports’s revenue was up 64.7% on a year-over-year basis. Research analysts anticipate that Genius Sports will post -0.34 earnings per share for the current year.

Institutional Investors Weigh In On Genius Sports

Several hedge funds have recently made changes to their positions in the company. Senvest Management LLC increased its stake in shares of Genius Sports by 45.1% during the first quarter. Senvest Management LLC now owns 13,653,724 shares of the company’s stock valued at $60,486,000 after buying an additional 4,243,157 shares during the period. Wellington Management Group LLP raised its holdings in shares of Genius Sports by 17.9% in the third quarter. Wellington Management Group LLP now owns 13,513,537 shares of the company’s stock valued at $167,298,000 after acquiring an additional 2,051,503 shares in the last quarter. Voss Capital LP lifted its stake in Genius Sports by 35.4% in 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 during the period. Stephens Investment Management Group LLC lifted its stake in 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 acquiring an additional 1,974,043 shares during the period. Finally, Westfield Capital Management Co. LP grew its holdings in Genius Sports by 1.7% during the 4th quarter. Westfield Capital Management Co. LP now owns 5,951,203 shares of the company’s stock worth $65,582,000 after acquiring an additional 101,120 shares in the last quarter. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

Genius Sports Company Profile

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.