Genius Sports (NYSE:GENI) Rating Increased to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Genius Sports (NYSE:GENI) from a strong sell rating to a sell rating in a report published on Saturday,Wall Street Zen reports.

Other analysts also recently issued reports about the company. Stifel Nicolaus lifted their price target on Genius Sports from $5.00 to $7.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. B. Riley Financial reissued a “buy” rating on shares of Genius Sports in a research report on Friday, May 8th. Zacks Research cut Genius Sports from a “hold” rating to a “strong sell” rating in a research note on Monday, August 10th. Finally, BTIG Research upped their price target on Genius Sports from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.44.

Genius Sports Price Performance

Shares of GENI opened at $7.51 on Friday. Genius Sports has a twelve month low of $3.83 and a twelve month high of $13.73. The firm’s fifty day simple moving average is $7.16 and its 200-day simple moving average is $5.92. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of -11.04 and a beta of 1.88. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.10.

Genius Sports (NYSE:GENI) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.21). The firm had revenue of $195.50 million for the quarter, compared to analysts’ expectations of $184.43 million. Genius Sports had a negative return on equity of 23.83% and a negative net margin of 22.99%.Genius Sports’s revenue for the quarter was up 64.7% on a year-over-year basis. During the same period last year, the firm posted ($0.21) earnings per share. Equities analysts forecast that Genius Sports will post -0.35 EPS for the current fiscal year.

Institutional Trading of Genius Sports

A number of hedge funds and other institutional investors have recently made changes to their positions in GENI. Parallel Advisors LLC acquired a new stake in shares of Genius Sports in the 1st quarter valued at about $25,000. UMB Bank n.a. purchased a new position in Genius Sports during the 4th quarter worth approximately $63,000. Lexington Hill Partners LLC acquired a new position in Genius Sports during the second quarter worth approximately $64,000. Osaic Holdings Inc. increased its position in Genius Sports by 72.6% during the second quarter. Osaic Holdings Inc. now owns 10,645 shares of the company’s stock worth $111,000 after buying an additional 4,477 shares during the period. Finally, Orion Porfolio Solutions LLC purchased a new stake in Genius Sports in the second quarter valued at approximately $112,000. Institutional investors and hedge funds 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.