Genius Sports (NYSE:GENI) Reaches New 12-Month Low – What’s Next?

Genius Sports Limited (NYSE:GENI) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $8.13 and last traded at $8.2050, with a volume of 1881280 shares traded. The stock had previously closed at $8.39.

Analysts Set New Price Targets

Several equities research analysts recently commented on GENI shares. Wells Fargo & Company upgraded shares of Genius Sports from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $13.00 to $16.00 in a research report on Friday, January 9th. Guggenheim set a $17.00 target price on Genius Sports in a report on Thursday, December 4th. New Street Research set a $17.00 target price on Genius Sports in a research report on Thursday, December 4th. BTIG Research increased their price objective on Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Finally, The Goldman Sachs Group lifted their target price on Genius Sports from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Genius Sports Price Performance

The business has a 50 day simple moving average of $10.35 and a 200 day simple moving average of $11.28. The stock has a market cap of $1.77 billion, a PE ratio of -17.49 and a beta of 1.81.

Genius Sports (NYSE:GENI) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.18). Genius Sports had a negative net margin of 19.71% and a negative return on equity of 14.39%. The firm had revenue of $166.28 million during the quarter, compared to the consensus estimate of $156.24 million. As a group, sell-side analysts forecast that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GENI. CWM LLC boosted its holdings in Genius Sports by 275.5% in the second quarter. CWM LLC now owns 3,980 shares of the company’s stock worth $41,000 after purchasing an additional 2,920 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Genius Sports during the 3rd quarter valued at about $65,000. Strs Ohio lifted its holdings in Genius Sports by 178.9% in the 3rd quarter. Strs Ohio now owns 5,300 shares of the company’s stock worth $66,000 after purchasing an additional 3,400 shares during the last quarter. Bessemer Group Inc. boosted its position in Genius Sports by 1,163.1% during the third quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock worth $87,000 after purchasing an additional 6,455 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in Genius Sports during the second quarter valued at approximately $75,000. Institutional investors own 81.91% of the company’s stock.

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.