Genius Sports Limited (NYSE:GENI) Stock Has Consensus Target Price of $11.25

Genius Sports Limited (NYSE:GENI) has earned a consensus recommendation of “Moderate Buy” from the twenty research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $11.25.

GENI has been the topic of several analyst reports. Freedom Capital raised shares of Genius Sports to a “strong-buy” rating in a research report on Monday, July 20th. Zacks Research downgraded shares of Genius Sports from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. Stifel Nicolaus raised their price objective on shares of Genius Sports from $5.00 to $7.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $10.50 price objective on shares of Genius Sports in a research report on Friday, August 7th.

Insider Buying and Selling at Genius Sports

In other news, CEO Mark Locke sold 50,000 shares of Genius Sports stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $6.54, for a total transaction of $327,000.00. Following the transaction, the chief executive officer owned 19,375,216 shares in the company, valued at approximately $126,713,912.64. The trade was a 0.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas Russell sold 50,000 shares of Genius Sports stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $6.51, for a total value of $325,500.00. Following the transaction, 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 SEC filing for this sale provides additional information. In the last ninety days, insiders sold 850,000 shares of company stock valued at $5,582,049. 16.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GENI. Parallel Advisors LLC acquired a new stake in shares of Genius Sports during the 1st quarter valued at $25,000. Baer Investment Advisory LLC acquired a new position in shares of Genius Sports in the first quarter worth $61,000. Lexington Hill Partners LLC purchased a new stake in shares of Genius Sports during the second quarter worth $64,000. Pacer Advisors Inc. raised its holdings in shares of Genius Sports by 29.1% during the first quarter. Pacer Advisors Inc. now owns 15,270 shares of the company’s stock worth $68,000 after acquiring an additional 3,440 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Genius Sports by 24.1% during the first quarter. Principal Financial Group Inc. now owns 16,038 shares of the company’s stock valued at $71,000 after purchasing an additional 3,114 shares during the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Trading Up 6.3%

Shares of NYSE GENI opened at $6.04 on Thursday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.10. Genius Sports has a 12 month low of $3.83 and a 12 month high of $12.39. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -8.87 and a beta of 1.91. The business has a fifty day simple moving average of $7.14 and a 200-day simple moving average of $5.99.

Genius Sports (NYSE:GENI) last issued its quarterly 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). The company had revenue of $195.50 million during 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%.The company’s revenue for the quarter was up 64.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.21) EPS. Sell-side analysts predict that Genius Sports will post -0.35 EPS for the current year.

About Genius Sports

Genius Sports Limited is a sports data, technology and media company that provides services to sports leagues, federations, teams, betting operators, broadcasters and brands. The company collects, manages and distributes official sports data, including live scores, statistics, schedules and related content, to support digital products, broadcasts and sports betting applications.

Its offerings include live data and odds solutions for betting operators, sports video and streaming services, fan-engagement tools, digital marketing and advertising technology, and sports integrity services designed to help organizations monitor competitions and protect against certain forms of betting-related misconduct.