Genius Sports (NYSE:GENI) CEO Mark Locke Sells 50,000 Shares

Genius Sports Limited (NYSE:GENI) CEO Mark Locke sold 50,000 shares of the firm’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $6.54, for a total value of $327,000.00. Following the sale, the chief executive officer directly owned 19,375,216 shares in the company, valued at approximately $126,713,912.64. This trade represents a 0.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Mark Locke also recently made the following trade(s):

• On Wednesday, September 16th, Mark Locke sold 272,551 shares of Genius Sports stock. The shares were sold at an average price of $6.56, for a total value of $1,787,934.56.
• On Tuesday, September 15th, Mark Locke sold 477,449 shares of Genius Sports stock. The stock was sold at an average price of $6.58, for a total value of $3,141,614.42.

Genius Sports Stock Down 2.1%

Shares of NYSE GENI opened at $6.48 on Friday. The company has a 50 day simple moving average of $7.25 and a 200 day simple moving average of $5.97. The firm has a market cap of $1.60 billion, a PE ratio of -9.54 and a beta of 1.88. Genius Sports Limited has a 1 year low of $3.83 and a 1 year high of $13.69. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.97 and a quick ratio of 0.97.

Genius Sports (NYSE:GENI) last posted its earnings results 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). Genius Sports had a negative return on equity of 23.83% and a negative net margin of 22.99%.The business had revenue of $195.50 million for the quarter, compared to the consensus estimate of $184.43 million. During the same period in the previous year, the firm earned ($0.21) earnings per share. The company’s revenue was up 64.7% compared to the same quarter last year. On average, research analysts forecast that Genius Sports Limited will post -0.35 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on GENI shares. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $8.00 target price on shares of Genius Sports in a report on Friday, August 7th. Oppenheimer increased their price target on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Wall Street Zen downgraded Genius Sports from a “sell” rating to a “strong sell” rating in a research report on Sunday, September 13th. Benchmark reiterated a “buy” rating on shares of Genius Sports in a report on Friday, August 28th. Finally, Stifel Nicolaus increased their target price on shares of Genius Sports from $5.00 to $7.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.44.

Key Stories Impacting Genius Sports

Here are the key news stories impacting Genius Sports this week:

• Positive Sentiment: Genius Sports launched Prediction.com, a platform designed to compare prediction-market probabilities, event contracts and related insights. The initiative could broaden the company’s sports-data and wagering ecosystem and create new monetization opportunities. Genius Sports Launches Prediction.com, The Premium Prediction Market Platform for Comparing Probabilities, Event Contracts and Insights
• Positive Sentiment: CEO Mark Locke said Genius Sports expects to benefit regardless of how Americans participate in wagering, reinforcing the company’s strategic focus on prediction markets amid growing consumer interest. Genius Sports CEO: We Get Paid However Americans Wager
• Neutral Sentiment: The company is also expanding its media and content profile through a new basketball insights series featuring Chris Paul. The deal may improve audience engagement, although its direct financial impact was not disclosed. Chris Paul to share basketball insights in new content series co-produced with Words + Pictures, Genius Sports
• Neutral Sentiment: Options-market activity has attracted attention, but the report does not establish whether traders expect a sustained rally or decline. Do Options Traders Know Something About Genius Sports Stock We Don’t?
• Negative Sentiment: CEO Mark Locke sold a combined 800,000 shares from September 15–17 for approximately $5.26 million. The sales reduced his direct holdings by roughly 4%, potentially signaling caution and adding selling pressure. He still owns about 19.38 million shares. SEC insider ownership filing
• Negative Sentiment: Prediction markets face ongoing legal and regulatory challenges, creating uncertainty around the timing, availability and commercial potential of Genius Sports’ new platform. Genius Sports CEO on Future of Prediction Markets in Face of Legal Challenges

Hedge Funds Weigh In On Genius Sports

Several institutional investors have recently modified their holdings of GENI. Wellington Management Group LLP raised its stake in shares of Genius Sports by 11.0% in the second quarter. Wellington Management Group LLP now owns 1,714,882 shares of the company’s stock valued at $10,392,000 after buying an additional 169,398 shares during the period. ABS Direct Equity Fund LLC bought a new stake in Genius Sports during the first quarter valued at approximately $1,772,000. Renaissance Technologies LLC increased its holdings in shares of Genius Sports by 277.0% in the 1st quarter. Renaissance Technologies LLC now owns 2,197,700 shares of the company’s stock worth $9,736,000 after buying an additional 1,614,700 shares during the last quarter. IFC Advisors LLC lifted its holdings in shares of Genius Sports by 23.2% during the 1st quarter. IFC Advisors LLC now owns 3,583,833 shares of the company’s stock worth $15,876,000 after acquiring an additional 676,034 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Genius Sports by 65.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,909,945 shares of the company’s stock worth $17,321,000 after acquiring an additional 1,549,816 shares in the last quarter. 81.91% of the stock is owned by institutional investors.

Genius Sports Company Profile

Genius Sports Limited (NYSE:GENI) is a sports technology and data company that provides official sports data, technology, and digital services to sports leagues, federations, teams, broadcasters, sportsbooks, and brands. Its platforms help clients collect, manage, distribute, and commercialize live sports information across digital channels.

The company’s offerings include live scores and statistics, data feeds for sports betting, fan-engagement tools, video streaming and content services, and advertising and sponsorship technology.