Genius Sports Limited (NYSE:GENI) Short Interest Update

Genius Sports Limited (NYSE:GENI) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totaling 17,019,527 shares, an increase of 16.3% from the March 31st total of 14,637,882 shares. Based on an average trading volume of 4,700,717 shares, the days-to-cover ratio is presently 3.6 days. Approximately 8.3% of the company’s stock are short sold.

Genius Sports Stock Performance

Genius Sports stock traded down $0.01 during trading on Friday, reaching $4.36. The company had a trading volume of 4,094,836 shares, compared to its average volume of 4,155,126. The firm’s 50-day simple moving average is $4.91 and its 200 day simple moving average is $8.21. Genius Sports has a 1-year low of $3.83 and a 1-year high of $13.73. The firm has a market capitalization of $1.07 billion, a PE ratio of -10.13 and a beta of 1.80.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Thursday, March 5th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The company had revenue of $240.50 million for the quarter, compared to analyst estimates of $234.94 million. Genius Sports had a negative return on equity of 13.66% and a negative net margin of 16.67%.The business’s revenue was up 37.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.12) earnings per share.

Analysts Set New Price Targets

GENI has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Genius Sports in a research note on Friday, March 27th. Oppenheimer cut their price objective on Genius Sports from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, March 5th. Truist Financial reduced their price objective on Genius Sports from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Wall Street Zen lowered shares of Genius Sports from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Benchmark reiterated a “buy” rating on shares of Genius Sports in a research note on Thursday, March 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $12.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GENI. Vanguard Personalized Indexing Management LLC increased its stake in Genius Sports by 9.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 14,131 shares of the company’s stock worth $175,000 after buying an additional 1,177 shares in the last quarter. Prelude Capital Management LLC lifted its position in shares of Genius Sports by 1.3% in the third quarter. Prelude Capital Management LLC now owns 92,529 shares of the company’s stock valued at $1,146,000 after acquiring an additional 1,181 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Genius Sports by 10.0% in the second quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after acquiring an additional 1,388 shares in the last quarter. SkyView Investment Advisors LLC boosted its stake in shares of Genius Sports by 2.0% in the second quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock worth $802,000 after acquiring an additional 1,512 shares during the last quarter. Finally, Main Management ETF Advisors LLC increased its position in shares of Genius Sports by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 163,647 shares of the company’s stock worth $1,803,000 after purchasing an additional 1,672 shares in the last quarter. 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.