Genius Sports (NYSE:GENI) Lowered to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Genius Sports (NYSE:GENI) from a sell rating to a strong sell rating in a report released on Sunday.

GENI has been the subject of several other reports. Roth Capital set a $10.00 price objective on shares of Genius Sports in a report on Friday, May 8th. BTIG Research dropped their target price on shares of Genius Sports from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Stifel Nicolaus lifted their target price on shares of Genius Sports from $5.00 to $7.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Genius Sports in a research note on Monday, May 11th. They set a “buy” rating and a $10.00 target price for the company. Finally, Truist Financial lowered their price target on Genius Sports from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.19.

Genius Sports Stock Performance

NYSE GENI opened at $6.53 on Friday. Genius Sports has a one year low of $3.83 and a one year high of $13.73. The stock has a 50-day moving average of $6.14 and a 200 day moving average of $6.14. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -10.70 and a beta of 1.91.

Genius Sports (NYSE:GENI) last issued its earnings results on Thursday, May 7th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). The business had revenue of $187.95 million during the quarter, compared to analysts’ expectations of $170.60 million. Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.Genius Sports’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) EPS. On average, equities analysts predict that Genius Sports will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of Genius Sports

Large investors have recently added to or reduced their stakes in the business. Prelude Capital Management LLC increased its position in Genius Sports by 1.3% in the third quarter. Prelude Capital Management LLC now owns 92,529 shares of the company’s stock worth $1,146,000 after buying an additional 1,181 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Genius Sports by 10.0% during the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after buying an additional 1,388 shares in the last quarter. SkyView Investment Advisors LLC lifted its position in shares of Genius Sports by 2.0% during the 2nd quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock valued at $802,000 after buying an additional 1,512 shares in the last quarter. Main Management ETF Advisors LLC grew its stake in shares of Genius Sports by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 163,647 shares of the company’s stock valued at $1,803,000 after acquiring an additional 1,672 shares during the period. Finally, First Dallas Securities Inc. grew its stake in shares of Genius Sports by 3.0% during the 4th quarter. First Dallas Securities Inc. now owns 68,500 shares of the company’s stock valued at $755,000 after acquiring an additional 2,000 shares during the period. 81.91% of the stock is currently owned by 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.