Genius Sports (NYSE:GENI) Stock Gets Downgrade from Wall Street Zen

Genius Sports (NYSE:GENI) was downgraded by stock analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report issued on Saturday, Wall Street Zen reports.

GENI has been the topic of several other reports. The Goldman Sachs Group restated a “buy” rating and issued a $10.50 target price on shares of Genius Sports in a research note on Friday, August 7th. Zacks Research raised Genius Sports from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 6th. Guggenheim raised their price target on shares of Genius Sports from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Benchmark restated a “buy” rating on shares of Genius Sports in a research note on Friday, August 28th. Finally, Wells Fargo & Company downgraded Genius Sports from an “overweight” rating to an “equal weight” rating and set a $8.00 target price for the company. in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Genius Sports has an average rating of “Moderate Buy” and a consensus price target of $11.25.

Genius Sports Stock Performance

GENI opened at $6.38 on Friday. The stock’s 50 day simple moving average is $6.67 and its 200 day simple moving average is $6.30. 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 has a 1-year low of $3.83 and a 1-year high of $11.57. The stock has a market cap of $1.57 billion, a P/E ratio of -9.38 and a beta of 1.95.

Genius Sports (NYSE:GENI) last released its earnings results 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 return on equity of 23.83% and a negative net margin of 22.99%. The business had revenue of $195.50 million during the quarter, compared to the consensus estimate of $184.43 million. During the same quarter in the previous year, the firm earned ($0.21) earnings per share. The firm’s revenue for the quarter was up 64.7% compared to the same quarter last year. As a group, equities analysts anticipate that Genius Sports will post -0.35 EPS for the current fiscal year.

Insider Activity at Genius Sports

In other news, CEO Mark Locke sold 477,449 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $6.58, for a total value of $3,141,614.42. Following the completion of the transaction, the chief executive officer directly owned 19,697,767 shares of the company’s stock, valued at $129,611,306.86. This represents a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Thomas Russell sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $6.51, for a total value of $325,500.00. Following the sale, the insider owned 471,467 shares in the company, valued at approximately $3,069,250.17. This represents a 9.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 850,000 shares of company stock valued at $5,582,049 over the last 90 days. Corporate insiders own 16.60% of the company’s stock.

Institutional Trading of Genius Sports

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC increased its position in Genius Sports by 26.4% in the third 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 in the last quarter. Integrity Alliance LLC. purchased a new stake in Genius Sports during the third quarter worth $141,000. Gerber Kawasaki Wealth & Investment Management grew its stake in shares of Genius Sports by 17.2% during the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 108,599 shares of the company’s stock worth $622,000 after acquiring an additional 15,929 shares during the last quarter. State of Wyoming raised its stake in shares of Genius Sports by 992.8% during the 3rd quarter. State of Wyoming now owns 16,010 shares of the company’s stock valued at $92,000 after buying an additional 14,545 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Genius Sports by 45.9% during the 3rd quarter. Signaturefd LLC now owns 5,096 shares of the company’s stock worth $29,000 after buying an additional 1,602 shares during the period. Hedge funds and other institutional investors own 81.91% of the company’s stock.

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.