Genius Sports (NYSE:GENI) Reaches New 12-Month Low – Should You Sell?

Genius Sports Limited (NYSE:GENI)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $5.68 and last traded at $5.9240, with a volume of 392731 shares traded. The stock had previously closed at $5.73.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective on Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Benchmark restated a “buy” rating on shares of Genius Sports in a report on Friday, February 6th. Zacks Research raised Genius Sports from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. Guggenheim decreased their price target on Genius Sports from $17.00 to $12.00 and set a “buy” rating for the company in a report on Friday, February 6th. Finally, Citigroup reiterated an “outperform” rating on shares of Genius Sports in a report on Monday, February 9th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.48.

Genius Sports Stock Up 2.6%

The firm has a fifty day simple moving average of $8.91 and a 200-day simple moving average of $10.69. The company has a market cap of $1.31 billion, a PE ratio of -12.91 and a beta of 1.85.

Institutional Investors Weigh In On Genius Sports

Several large investors have recently modified their holdings of GENI. CWM LLC increased its holdings in shares of Genius Sports by 275.5% in the 2nd quarter. CWM LLC now owns 3,980 shares of the company’s stock valued at $41,000 after acquiring an additional 2,920 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Genius Sports in the third quarter valued at $65,000. Strs Ohio raised its holdings in shares of Genius Sports by 178.9% in the third quarter. Strs Ohio now owns 5,300 shares of the company’s stock valued at $66,000 after buying an additional 3,400 shares during the last quarter. UMB Bank n.a. purchased a new stake in shares of Genius Sports in the fourth quarter valued at about $63,000. Finally, Bessemer Group Inc. boosted its stake in shares of 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 buying an additional 6,455 shares during the period. 81.91% of the stock is owned by institutional investors and hedge funds.

Genius Sports Company Profile

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.