Genius Sports (NYSE:GENI) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Shares of Genius Sports Limited (NYSE:GENI) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $6.61 and traded as high as $6.89. Genius Sports shares last traded at $6.79, with a volume of 4,827,042 shares traded.

Analyst Upgrades and Downgrades

GENI has been the topic of several research analyst reports. Benchmark reissued a “buy” rating on shares of Genius Sports in a research report on Friday, August 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Genius Sports in a report on Friday. Stifel Nicolaus decreased their price target on shares of Genius Sports from $8.50 to $7.00 and set a “hold” rating for the company in a report on Monday, October 26th. BTIG Research lifted their price objective on shares of Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Needham & Company LLC boosted their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.25.

Genius Sports Price Performance

The firm has a 50-day simple moving average of $6.61 and a two-hundred day simple moving average of $6.26. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -9.99 and a beta of 1.95. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.10.

Genius Sports (NYSE:GENI) last released 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 analysts’ expectations of $184.43 million. Genius Sports had a negative net margin of 22.99% and a negative return on equity of 23.83%. The business’s quarterly revenue was up 64.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.21) EPS. As a group, analysts predict that Genius Sports Limited will post -0.35 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Thomas Russell sold 50,000 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $6.51, for a total transaction of $325,500.00. Following the sale, the insider directly owned 471,467 shares of the company’s stock, valued at $3,069,250.17. This trade represents a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Locke sold 50,000 shares of Genius Sports stock in a transaction that occurred 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 transaction, the chief executive officer owned 19,375,216 shares of the company’s stock, valued at approximately $126,713,912.64. This represents a 0.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 850,000 shares of company stock worth $5,582,049. 16.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Genius Sports

A number of hedge funds and other institutional investors have recently made changes to their positions in GENI. Kornitzer Capital Management Inc. KS acquired a new position in shares of Genius Sports in the 3rd quarter valued at $73,000. Kestra Advisory Services LLC purchased a new stake in Genius Sports during the third quarter worth $121,000. Commonwealth Equity Services LLC boosted its holdings in Genius Sports by 81.0% during the third quarter. Commonwealth Equity Services LLC now owns 19,889 shares of the company’s stock worth $114,000 after buying an additional 8,898 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in Genius Sports by 26.4% during the third quarter. Chicago Partners Investment Group LLC now owns 70,420 shares of the company’s stock valued at $446,000 after buying an additional 14,722 shares during the period. Finally, Integrity Alliance LLC. acquired a new stake in Genius Sports during the third quarter valued at $141,000. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Company Profile

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.