Genius Sports (NYSE:GENI) Stock Price Breaks Above 200 Day Moving Average Following Analyst Downgrade

Shares of Genius Sports Limited (NYSE:GENI) crossed above its 200-day moving average during trading on Monday after Wall Street Zen upgraded the stock from a strong sell rating to a sell rating. The stock has a 200-day moving average of $6.38 and traded as high as $6.54. Genius Sports shares last traded at $6.5160, with a volume of 10,632,710 shares traded.

A number of other analysts have also recently weighed in on GENI. JPMorgan Chase & Co. began coverage on Genius Sports in a research note on Friday, September 25th. They issued an “overweight” rating and a $8.00 price target on the stock. Weiss Ratings raised Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. BTIG Research increased their price objective on Genius Sports from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Guggenheim increased their price objective on Genius Sports from $11.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Benchmark reiterated a “buy” rating on shares of Genius Sports in a research note on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.25.

Insiders Place Their Bets

In related news, insider Thomas Russell sold 50,000 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $6.51, for a total transaction of $325,500.00. Following the completion of the sale, the insider owned 471,467 shares in the company, valued at $3,069,250.17. This represents a 9.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Locke sold 477,449 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $6.58, for a total transaction of $3,141,614.42. Following the sale, the chief executive officer owned 19,697,767 shares of the company’s stock, valued at approximately $129,611,306.86. This represents a 2.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 850,000 shares of company stock worth $5,582,049 over the last ninety days. Corporate insiders own 16.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC raised its holdings in shares of Genius Sports by 45.9% in the third quarter. Signaturefd LLC now owns 5,096 shares of the company’s stock valued at $29,000 after buying an additional 1,602 shares during the last quarter. Parallel Advisors LLC purchased a new position in shares of Genius Sports during the first quarter worth about $25,000. Lexington Hill Partners LLC acquired a new position in Genius Sports in the 2nd quarter valued at about $64,000. State of Alaska Department of Revenue acquired a new position in Genius Sports in the 3rd quarter valued at about $63,000. Finally, Corient Private Wealth LP acquired a new position in Genius Sports in the 2nd quarter valued at about $83,000. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports Trading Up 2.9%

The company has a 50 day simple moving average of $6.78 and a 200 day simple moving average of $6.38. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $1.60 billion, a PE ratio of -9.58 and a beta of 1.91.

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

About Genius Sports

Genius Sports Limited (NYSE: GENI) is a sports technology and data company that provides official sports data, technology, and digital media solutions. Its platform helps sports organizations collect, manage, and distribute live game data while supporting fan engagement and commercial activities.

The company supplies real-time data and related products to sportsbooks, media companies, sports leagues, teams, and brands. Its services include live statistics, betting data and trading solutions, streaming and video content, digital marketing, sponsorship activation, and tools designed to connect sports audiences with content and advertising.

Genius Sports serves customers across international sports markets, including North America, Europe, and other regions.