Genius Sports (NYSE:GENI) Sets New 1-Year Low – Should You Sell?

Shares of Genius Sports Limited (NYSE:GENI) reached a new 52-week low on Thursday . The company traded as low as $5.95 and last traded at $5.9340, with a volume of 1845129 shares traded. The stock had previously closed at $6.15.

Analysts Set New Price Targets

GENI has been the topic of several research reports. Needham & Company LLC restated a “buy” rating and set a $16.00 price target on shares of Genius Sports in a research report on Thursday, December 4th. Citigroup reissued an “outperform” rating on shares of Genius Sports in a research report on Monday. BTIG Research restated a “buy” rating and set a $16.00 target price on shares of Genius Sports in a report on Thursday. B. Riley Financial reiterated a “buy” rating on shares of Genius Sports in a research note on Friday, February 6th. Finally, Oppenheimer lowered their price target on shares of Genius Sports from $15.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Genius Sports presently has an average rating of “Moderate Buy” and a consensus target price of $14.14.

Genius Sports Stock Performance

The firm has a 50-day moving average price of $9.88 and a 200-day moving average price of $11.08. The stock has a market cap of $1.30 billion, a PE ratio of -12.87 and a beta of 1.85.

Hedge Funds Weigh In On Genius Sports

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC boosted its stake in Genius Sports by 9.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 14,131 shares of the company’s stock valued at $175,000 after purchasing an additional 1,177 shares during the last quarter. Prelude Capital Management LLC raised its stake in shares of Genius Sports by 1.3% in the third quarter. Prelude Capital Management LLC now owns 92,529 shares of the company’s stock worth $1,146,000 after purchasing an additional 1,181 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Genius Sports by 10.0% during the second quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock valued at $159,000 after purchasing an additional 1,388 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in shares of Genius Sports by 2.0% during the second quarter. SkyView Investment Advisors LLC now owns 77,289 shares of the company’s stock valued at $802,000 after buying an additional 1,512 shares during the last quarter. Finally, Main Management ETF Advisors LLC increased its holdings in Genius Sports by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 163,647 shares of the company’s stock worth $1,803,000 after buying an additional 1,672 shares in the last quarter. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

About Genius Sports

Genius Sports is a global sports technology company that specializes in collecting, analyzing and distributing real-time sports data and video streams. The firm provides official data feeds, live video streaming solutions and digital engagement tools to sports leagues, federations, broadcasters and betting operators. By integrating data directly from sporting events through its network of field officials and proprietary technology, Genius Sports ensures accuracy and integrity for partners who rely on up-to-the-second information.

The company’s product suite includes a cloud-based platform for data capture and distribution, an integrity services offering designed to identify and mitigate match-fixing risks, and a suite of commercial products that power odds creation, in-game betting markets and fan engagement experiences.