Genius Sports (NYSE:GENI) Cut to “Strong Sell” at Zacks Research

Genius Sports (NYSE:GENI) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Benchmark increased their price target on Genius Sports from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Arete initiated coverage on shares of Genius Sports in a research note on Wednesday, July 9th. They issued a “buy” rating and a $15.00 target price for the company. Guggenheim set a $16.00 price target on shares of Genius Sports and gave the company a “buy” rating in a research note on Thursday, August 7th. JMP Securities lifted their price objective on shares of Genius Sports from $13.00 to $15.00 and gave the company a “market outperform” rating in a research note on Wednesday, September 3rd. Finally, B. Riley boosted their target price on shares of Genius Sports from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Genius Sports has an average rating of “Moderate Buy” and a consensus target price of $14.22.

Genius Sports Stock Down 7.4%

GENI opened at $10.19 on Wednesday. The company’s 50-day moving average price is $12.19 and its two-hundred day moving average price is $11.23. Genius Sports has a twelve month low of $7.22 and a twelve month high of $13.73. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of -21.68 and a beta of 1.84.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). Genius Sports had a negative return on equity of 14.39% and a negative net margin of 19.71%.The company had revenue of $166.28 million during the quarter, compared to the consensus estimate of $156.24 million. Genius Sports has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Genius Sports will post -0.1 earnings per share for the current year.

Institutional Investors Weigh In On Genius Sports

Several institutional investors have recently made changes to their positions in the company. Greenwood Capital Associates LLC grew its stake in shares of Genius Sports by 1.8% in the 2nd quarter. Greenwood Capital Associates LLC now owns 52,692 shares of the company’s stock valued at $548,000 after buying an additional 937 shares in the last quarter. Victory Capital Management Inc. increased its position in Genius Sports by 4.6% during the first quarter. Victory Capital Management Inc. now owns 24,854 shares of the company’s stock worth $249,000 after buying an additional 1,085 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Genius Sports by 9.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 14,131 shares of the company’s stock valued at $175,000 after buying an additional 1,177 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Genius Sports by 10.0% in the second quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after buying an additional 1,388 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Genius Sports by 61.5% during the 1st quarter. Pacer Advisors Inc. now owns 3,754 shares of the company’s stock worth $38,000 after acquiring an additional 1,430 shares in the last quarter. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports Company Profile

Genius Sports Limited engages in the development and sale of technology-led products and services to the sports, sports betting, and sports media industries. It offers technology infrastructure for the collection, integration, and distribution of live data of sports leagues; streaming solutions comprising technology, automatic production, and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as a full suite of online and offline educational and consultancy services.