Genius Sports (NYSE:GENI) Downgraded to “Strong Sell” Rating by 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 report report published on Sunday morning,Wall Street Zen reports.

Other analysts also recently issued reports about the stock. Oppenheimer increased their price target on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Benchmark restated a “buy” rating on shares of Genius Sports in a report on Friday, August 28th. Stifel Nicolaus upped their target price on shares of Genius Sports from $5.00 to $7.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Roth Capital reiterated a “buy” rating and issued a $12.00 target price on shares of Genius Sports in a report on Friday, August 7th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $10.50 price target on shares of Genius Sports in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.44.

Genius Sports Stock Performance

GENI stock opened at $6.84 on Friday. Genius Sports has a twelve month low of $3.83 and a twelve month high of $13.69. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.10. The company has a market cap of $1.68 billion, a P/E ratio of -10.05 and a beta of 1.88. The business’s fifty day moving average is $7.23 and its 200-day moving average is $5.95.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.21). Genius Sports had a negative net margin of 22.99% and a negative return on equity of 23.83%. The company had revenue of $195.50 million during the quarter, compared to the consensus estimate of $184.43 million. During the same quarter in the prior year, the company posted ($0.21) EPS. The company’s revenue for the quarter was up 64.7% compared to the same quarter last year. Equities research analysts forecast that Genius Sports will post -0.35 EPS for the current year.

Hedge Funds Weigh In On Genius Sports

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC bought a new stake in shares of Genius Sports in the first quarter valued at about $25,000. Baer Investment Advisory LLC acquired a new stake in Genius Sports in the 1st quarter valued at approximately $61,000. UMB Bank n.a. bought a new stake in Genius Sports in the 4th quarter valued at approximately $63,000. Lexington Hill Partners LLC bought a new stake in Genius Sports in the 2nd quarter valued at approximately $64,000. Finally, Pacer Advisors Inc. boosted its position in Genius Sports by 29.1% during the 1st quarter. Pacer Advisors Inc. now owns 15,270 shares of the company’s stock worth $68,000 after acquiring an additional 3,440 shares during the last quarter. 81.91% of the stock is owned by institutional investors and hedge funds.

Genius Sports Company Profile

Genius Sports Limited (NYSE:GENI) is a sports technology and data company that provides official sports data, technology, and digital services to sports leagues, federations, teams, broadcasters, sportsbooks, and brands. Its platforms help clients collect, manage, distribute, and commercialize live sports information across digital channels.

The company’s offerings include live scores and statistics, data feeds for sports betting, fan-engagement tools, video streaming and content services, and advertising and sponsorship technology.