Genius Sports (NYSE:GENI) Stock Rating Lowered by Wall Street Zen

Genius Sports (NYSE:GENI) was downgraded by analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a note issued to investors on Sunday, Wall Street Zen reports.

GENI has been the topic of a number of other research reports. Benchmark reaffirmed a “buy” rating on shares of Genius Sports in a research report on Friday, August 28th. The Goldman Sachs Group reissued a “buy” rating and issued a $10.50 price objective on shares of Genius Sports in a research note on Friday, August 7th. Guggenheim raised their target price on Genius Sports from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Freedom Capital upgraded Genius Sports to a “strong-buy” rating in a report on Monday, July 20th. Finally, Needham & Company LLC boosted their price target on Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $11.44.

Genius Sports Stock Performance

Shares of GENI stock opened at $6.81 on Friday. The stock has a market capitalization of $1.68 billion, a PE ratio of -10.02 and a beta of 1.88. The business’s 50 day simple moving average is $7.24 and its 200 day simple moving average is $5.96. 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 has a one year low of $3.83 and a one year high of $13.69.

Genius Sports (NYSE:GENI) last issued its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) 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 firm had revenue of $195.50 million during the quarter, compared to analyst estimates of $184.43 million. During the same quarter last year, the firm posted ($0.21) EPS. The firm’s revenue for the quarter was up 64.7% on a year-over-year basis. As a group, research analysts forecast that Genius Sports will post -0.35 earnings per share for the current year.

Hedge Funds Weigh In On Genius Sports

Institutional investors have recently modified their holdings of the company. Voss Capital LP lifted its stake in Genius Sports by 35.4% during the 4th quarter. Voss Capital LP now owns 11,100,000 shares of the company’s stock valued at $122,322,000 after acquiring an additional 2,900,000 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of Genius Sports by 1.7% in the fourth quarter. Westfield Capital Management Co. LP now owns 5,951,203 shares of the company’s stock valued at $65,582,000 after purchasing an additional 101,120 shares during the last quarter. Stephens Investment Management Group LLC raised its holdings in shares of Genius Sports by 68.9% in the fourth quarter. Stephens Investment Management Group LLC now owns 5,624,316 shares of the company’s stock valued at $61,980,000 after purchasing an additional 2,293,847 shares during the last quarter. Senvest Management LLC lifted its position in shares of Genius Sports by 45.1% during the first quarter. Senvest Management LLC now owns 13,653,724 shares of the company’s stock valued at $60,486,000 after purchasing an additional 4,243,157 shares in the last quarter. Finally, TimesSquare Capital Management LLC purchased a new position in Genius Sports during the fourth quarter worth about $59,851,000. 81.91% of the stock is owned by institutional investors and hedge funds.

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.