Genius Sports (NYSE:GENI) Hits New 52-Week Low – Time to Sell?

Genius Sports Limited (NYSE:GENI) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $4.18 and last traded at $4.26, with a volume of 2323107 shares changing hands. The stock had previously closed at $4.42.

Analysts Set New Price Targets

A number of research analysts have recently commented on GENI shares. Oppenheimer dropped their price objective on Genius Sports from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, March 5th. Benchmark reiterated a “buy” rating on shares of Genius Sports in a report on Thursday, March 5th. B. Riley Financial reiterated a “buy” rating on shares of Genius Sports in a report on Friday, February 6th. BTIG Research dropped their price objective on Genius Sports from $16.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Finally, Citigroup dropped their price objective on Genius Sports from $11.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.74.

Genius Sports Trading Down 3.7%

The business has a 50 day moving average of $5.90 and a 200-day moving average of $9.16. The stock has a market cap of $1.05 billion, a PE ratio of -9.90 and a beta of 2.08.

Genius Sports (NYSE:GENI) last released its quarterly earnings results on Thursday, March 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The firm had revenue of $240.50 million for the quarter, compared to analysts’ expectations of $234.94 million. Genius Sports had a negative return on equity of 13.66% and a negative net margin of 16.67%.The company’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.12) EPS. Research analysts expect that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GENI. UMB Bank n.a. purchased a new position in Genius Sports during the 4th quarter worth approximately $63,000. Aster Capital Management DIFC Ltd acquired a new stake in Genius Sports during the 3rd quarter worth approximately $65,000. Strs Ohio lifted its position in Genius Sports by 178.9% during the 3rd quarter. Strs Ohio now owns 5,300 shares of the company’s stock worth $66,000 after acquiring an additional 3,400 shares during the period. Bessemer Group Inc. lifted its position in Genius Sports by 1,163.1% during the 3rd quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock worth $87,000 after acquiring an additional 6,455 shares during the period. Finally, CWM LLC lifted its position in Genius Sports by 106.3% during the 3rd quarter. CWM LLC now owns 8,209 shares of the company’s stock worth $102,000 after acquiring an additional 4,229 shares during the period. Hedge funds and other institutional investors own 81.91% of the company’s stock.

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.