Genius Sports (NYSE:GENI) Sets New 52-Week Low – Should You Sell?

Genius Sports Limited (NYSE:GENI) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $4.48 and last traded at $4.5450, with a volume of 851691 shares traded. The stock had previously closed at $4.70.

Analyst Ratings Changes

GENI has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Genius Sports in a report on Monday, December 29th. Oppenheimer cut their target price on shares of Genius Sports from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, March 5th. Stifel Nicolaus reduced their target price on Genius Sports from $10.00 to $7.00 and set a “hold” rating for the company in a report on Thursday, February 19th. Northland Securities set a $12.00 price target on Genius Sports in a report on Friday, February 6th. Finally, New Street Research set a $17.00 price target on Genius Sports in a research report on Thursday, December 4th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.84.

Genius Sports Trading Down 3.7%

The company has a market cap of $973.91 million, a PE ratio of -10.52 and a beta of 1.91. The business’s 50-day simple moving average is $6.98 and its 200-day simple moving average is $9.74.

Genius Sports (NYSE:GENI) last posted its quarterly earnings results on Wednesday, March 4th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.10). Genius Sports had a negative net margin of 16.67% and a negative return on equity of 13.66%. The company had revenue of $240.50 million for the quarter, compared to analysts’ expectations of $234.94 million. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. The company’s revenue was up 37.0% on a year-over-year basis. On average, research analysts predict that Genius Sports Limited will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Genius Sports

A number of hedge funds and other institutional investors have recently made changes to their positions in GENI. Hsbc Holdings PLC bought a new stake in shares of Genius Sports in the 4th quarter valued at approximately $171,000. Uniplan Investment Counsel Inc. lifted its stake in Genius Sports by 31.7% in the fourth quarter. Uniplan Investment Counsel Inc. now owns 178,100 shares of the company’s stock valued at $1,963,000 after acquiring an additional 42,895 shares during the last quarter. Numerai GP LLC lifted its stake in Genius Sports by 31.6% in the fourth quarter. Numerai GP LLC now owns 61,605 shares of the company’s stock valued at $679,000 after acquiring an additional 14,798 shares during the last quarter. Occudo Quantitative Strategies LP grew its position in Genius Sports by 70.5% in the fourth quarter. Occudo Quantitative Strategies LP now owns 135,621 shares of the company’s stock worth $1,495,000 after acquiring an additional 56,070 shares in the last quarter. Finally, Odyssean LLC acquired a new position in shares of Genius Sports during the 4th quarter worth $770,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

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.