Genius Sports (NYSE:GENI) Stock Gets Price Target Cut from Stifel Nicolaus

Genius Sports (NYSE:GENI) had its target price lowered by equities researchers at Stifel Nicolaus from $8.50 to $7.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus‘s price objective would suggest a potential upside of 10.74% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. Benchmark restated a “buy” rating on shares of Genius Sports in a research report on Friday, August 28th. Wall Street Zen upgraded shares of Genius Sports from a “strong sell” rating to a “sell” rating in a report on Saturday, October 17th. Roth Capital reissued a “buy” rating and set a $12.00 price objective on shares of Genius Sports in a research note on Friday, August 7th. Freedom Capital upgraded shares of Genius Sports to a “strong-buy” rating in a report on Monday, July 20th. Finally, Weiss Ratings upgraded shares of Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.25.

Genius Sports Stock Performance

Shares of GENI stock traded down $0.01 during mid-day trading on Monday, reaching $6.32. The stock had a trading volume of 3,327,806 shares, compared to its average volume of 6,400,739. The firm has a market cap of $1.56 billion, a PE ratio of -9.27 and a beta of 1.91. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.10. Genius Sports has a one year low of $3.83 and a one year high of $12.13. The firm’s 50 day simple moving average is $6.80 and its 200 day simple moving average is $6.19.

Genius Sports (NYSE:GENI) last issued its quarterly earnings data on Friday, August 7th. The company reported ($0.28) earnings per share (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 for the quarter, compared to the consensus estimate of $184.43 million. During the same period in the previous year, the business posted ($0.21) earnings per share. The firm’s revenue was up 64.7% compared to the same quarter last year. On average, analysts forecast that Genius Sports will post -0.35 EPS for the current 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 shares were 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 owned 19,697,767 shares in the company, valued at $129,611,306.86. This represents a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Russell sold 50,000 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $6.51, for a total transaction of $325,500.00. Following the sale, the insider owned 471,467 shares in the company, valued at approximately $3,069,250.17. The trade was a 9.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 850,000 shares of company stock valued at $5,582,049 in the last quarter. Corporate insiders own 16.60% of the company’s stock.

Institutional Investors Weigh In On Genius Sports

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in Genius Sports by 11.0% during the 2nd quarter. Wellington Management Group LLP now owns 1,714,882 shares of the company’s stock worth $10,392,000 after acquiring an additional 169,398 shares during the last quarter. ABS Direct Equity Fund LLC acquired a new stake in shares of Genius Sports in the first quarter valued at approximately $1,772,000. Renaissance Technologies LLC raised its holdings in shares of Genius Sports by 277.0% in the first quarter. Renaissance Technologies LLC now owns 2,197,700 shares of the company’s stock valued at $9,736,000 after purchasing an additional 1,614,700 shares during the last quarter. IFC Advisors LLC lifted its position in shares of Genius Sports by 23.2% in the first quarter. IFC Advisors LLC now owns 3,583,833 shares of the company’s stock worth $15,876,000 after purchasing an additional 676,034 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Genius Sports by 65.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,909,945 shares of the company’s stock worth $17,321,000 after purchasing an additional 1,549,816 shares in the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Company Profile

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.