Genius Sports (NYSE:GENI) Insider Jack Davison Sells 30,000 Shares of Stock

Genius Sports Limited (NYSE:GENI) insider Jack Davison sold 30,000 shares of Genius Sports stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of $6.14, for a total value of $184,200.00. Following the completion of the transaction, the insider owned 1,999,706 shares in the company, valued at approximately $12,278,194.84. This represents a 1.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Genius Sports Price Performance

NYSE GENI traded up $0.14 during trading on Friday, hitting $6.24. 4,650,527 shares of the company’s stock were exchanged, compared to its average volume of 7,087,323. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09. The company has a market cap of $1.54 billion, a PE ratio of -9.90 and a beta of 1.95. Genius Sports Limited has a fifty-two week low of $3.83 and a fifty-two week high of $11.57. The stock’s 50 day moving average price is $6.39 and its two-hundred day moving average price is $6.13.

Genius Sports (NYSE:GENI) last posted its earnings results on Thursday, November 5th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The company had revenue of $269.86 million during the quarter, compared to the consensus estimate of $261.13 million. Genius Sports had a negative return on equity of 22.27% and a negative net margin of 18.85%. The firm’s revenue was up 62.3% compared to the same quarter last year. During the same period last year, the company posted ($0.11) EPS. Research analysts expect that Genius Sports Limited will post -0.49 EPS for the current year.

Institutional Trading of Genius Sports

Institutional investors have recently modified their holdings of the business. Signaturefd LLC increased its holdings in Genius Sports by 45.9% in the third quarter. Signaturefd LLC now owns 5,096 shares of the company’s stock valued at $29,000 after purchasing an additional 1,602 shares during the period. Parallel Advisors LLC acquired a new position in Genius Sports during the 1st quarter worth about $25,000. Lexington Hill Partners LLC acquired a new position in Genius Sports during the 2nd quarter worth about $64,000. State of Alaska Department of Revenue bought a new stake in shares of Genius Sports in the 3rd quarter valued at about $63,000. Finally, Kornitzer Capital Management Inc. KS bought a new stake in shares of Genius Sports in the 3rd quarter valued at about $73,000. Institutional investors own 81.91% of the company’s stock.

Wall Street Analysts Forecast Growth

GENI has been the topic of a number of research reports. Freedom Capital raised shares of Genius Sports to a “strong-buy” rating in a research note on Monday, July 20th. Stifel Nicolaus lowered their price target on shares of Genius Sports from $8.50 to $7.00 and set a “hold” rating for the company in a report on Monday, October 26th. Needham & Company LLC increased their price target on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, August 7th. The Goldman Sachs Group reissued a “buy” rating and set a $9.00 price objective on shares of Genius Sports in a report on Friday, November 6th. Finally, Wells Fargo & Company lowered Genius Sports from an “overweight” rating to an “equal weight” rating and set a $8.00 price objective on the stock. in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Genius Sports has an average rating of “Moderate Buy” and an average price target of $10.76.

Genius Sports Company Profile

Genius Sports is a sports technology company that collects, manages and distributes data and video from sporting events. Its technology supports live statistics, scores and other sports content for leagues, teams, broadcasters and betting operators. The company also provides services for sports betting, including official data distribution, trading tools and integrity monitoring. Its media and marketing offerings help sports organizations and brands connect with fans through digital content and targeted advertising.