Genius Sports (NYSE:GENI) Hits New 1-Year Low – Here’s What Happened

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

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Stifel Nicolaus reduced their price target on Genius Sports from $10.00 to $7.00 and set a “hold” rating for the company in a research report on Thursday, February 19th. Truist Financial reduced their target price on Genius Sports from $15.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Wells Fargo & Company lowered their price target on Genius Sports from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. BTIG Research dropped their price target on shares of Genius Sports from $16.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Genius Sports in a report on Friday, February 6th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.84.

Genius Sports Price Performance

The firm’s 50 day moving average price is $6.98 and its 200-day moving average price is $9.74. The firm has a market cap of $973.91 million, a price-to-earnings ratio of -10.52 and a beta of 1.91.

Genius Sports (NYSE:GENI) last released its 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 analyst estimates of $234.94 million. Genius Sports’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.12) earnings per share. Analysts expect that Genius Sports Limited will post -0.1 EPS for the current year.

Institutional Investors Weigh In On Genius Sports

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC raised its holdings in Genius Sports by 9.1% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 14,131 shares of the company’s stock valued at $175,000 after acquiring an additional 1,177 shares in the last quarter. Prelude Capital Management LLC increased its position in shares of Genius Sports by 1.3% during the third quarter. Prelude Capital Management LLC now owns 92,529 shares of the company’s stock valued at $1,146,000 after purchasing an additional 1,181 shares during the period. Cetera Investment Advisers increased its position in shares of Genius Sports by 10.0% during the second quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after purchasing an additional 1,388 shares during the period. SkyView Investment Advisors LLC raised 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 valued at $802,000 after purchasing an additional 1,512 shares in the last quarter. Finally, Main Management ETF Advisors LLC lifted its position in Genius Sports by 1.0% in 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 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.