Genius Sports (NYSE:GENI) Stock Breaks Above Two Hundred Day Moving Average After Analyst Downgrade

Genius Sports Limited (NYSE:GENI)’s share price crossed above its 200-day moving average during trading on Monday after Wall Street Zen upgraded the stock from a strong sell rating to a sell rating. The stock has a 200-day moving average of $6.38 and traded as high as $6.54. Genius Sports shares last traded at $6.5160, with a volume of 10,632,710 shares traded.

Several other analysts have also recently commented on the stock. Freedom Capital upgraded shares of Genius Sports to a “strong-buy” rating in a research note on Monday, July 20th. Weiss Ratings upgraded shares of Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. BTIG Research increased their price target on shares of Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. The Goldman Sachs Group reissued a “buy” rating and set a $10.50 price target on shares of Genius Sports in a report on Friday, August 7th. Finally, Citigroup restated a “market outperform” rating on shares of Genius Sports in a research report on Thursday, October 8th. One equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $11.25.

Insider Activity

In related news, insider Thomas Russell sold 50,000 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $6.51, for a total value of $325,500.00. Following the sale, the insider directly owned 471,467 shares of the company’s stock, valued at approximately $3,069,250.17. This represents a 9.59% decrease in their position. The sale 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 the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $6.54, for a total transaction of $327,000.00. Following the completion of the sale, the chief executive officer directly 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 SEC filing for this sale provides additional information. Insiders sold a total of 850,000 shares of company stock worth $5,582,049 over the last quarter. Insiders own 16.60% of the company’s stock.

Institutional Trading of Genius Sports

Institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP increased its stake in shares of Genius Sports by 11.0% during the 2nd quarter. Wellington Management Group LLP now owns 1,714,882 shares of the company’s stock worth $10,392,000 after purchasing an additional 169,398 shares in the last quarter. ABS Direct Equity Fund LLC acquired a new position in shares of Genius Sports during the 1st quarter worth approximately $1,772,000. Renaissance Technologies LLC raised its position in shares of Genius Sports by 277.0% during the 1st quarter. Renaissance Technologies LLC now owns 2,197,700 shares of the company’s stock worth $9,736,000 after purchasing an additional 1,614,700 shares during the last quarter. IFC Advisors LLC raised its position 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 purchasing an additional 676,034 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Genius Sports by 65.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,909,945 shares of the company’s stock valued at $17,321,000 after buying an additional 1,549,816 shares in the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Genius Sports Trading Up 2.9%

The business has a 50 day moving average of $6.78 and a 200-day moving average of $6.38. The stock has a market cap of $1.60 billion, a PE ratio of -9.58 and a beta of 1.91. 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 results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $195.50 million for the quarter, compared to analysts’ expectations of $184.43 million. During the same period in the previous year, the business posted ($0.21) EPS. The business’s quarterly revenue was up 64.7% on a year-over-year basis. On average, analysts anticipate that Genius Sports Limited will post -0.35 EPS for the current year.

About Genius Sports

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.