Genius Sports (NYSE:GENI) Downgraded to Strong Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Genius Sports (NYSE:GENI) from a sell rating to a strong sell rating in a report released on Tuesday.

A number of other equities analysts have also commented on GENI. B. Riley Financial reaffirmed a “buy” rating on shares of Genius Sports in a research note on Friday, May 8th. The Goldman Sachs Group reissued a “buy” rating and set a $10.50 target price on shares of Genius Sports in a research report on Friday. Weiss Ratings upgraded shares of Genius Sports from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. Freedom Capital raised shares of Genius Sports to a “strong-buy” rating in a research note on Monday, July 20th. Finally, BTIG Research increased their price objective on shares of Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $11.44.

Genius Sports Stock Up 2.4%

NYSE:GENI opened at $7.74 on Tuesday. The firm’s 50 day simple moving average is $6.63 and its 200 day simple moving average is $5.92. The company has a market cap of $1.91 billion, a PE ratio of -11.38 and a beta of 1.90. Genius Sports has a one year low of $3.83 and a one year high of $13.73. 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 (NYSE:GENI) last announced its earnings results on Thursday, August 6th. The company reported ($0.28) EPS 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 analyst estimates of $184.43 million. During the same period in the previous year, the firm posted ($0.21) earnings per share. The firm’s quarterly revenue was up 64.7% compared to the same quarter last year. On average, research analysts anticipate that Genius Sports will post -0.34 earnings per share for the current year.

Institutional Investors Weigh In On Genius Sports

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. ABS Direct Equity Fund LLC bought a new stake in Genius Sports during the first quarter worth $1,772,000. Quent Capital LLC purchased a new position in Genius Sports in the fourth quarter worth $2,840,000. UBS Group AG grew its stake in Genius Sports by 45.1% in the 4th quarter. UBS Group AG now owns 3,974,964 shares of the company’s stock valued at $43,804,000 after purchasing an additional 1,235,352 shares during the period. Sumitomo Mitsui Trust Group Inc. grew 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 purchasing an additional 1,549,816 shares during the period. Finally, IFC Advisors LLC increased 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 valued at $15,876,000 after purchasing an additional 676,034 shares during the last quarter. 81.91% of the stock is owned by institutional investors.

Genius Sports Company Profile

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.