Investors Purchase Large Volume of Call Options on Genius Sports (NYSE:GENI)

Genius Sports Limited (NYSE:GENI) was the recipient of unusually large options trading on Friday. Traders acquired 4,198 call options on the company. This represents an increase of approximately 176% compared to the average volume of 1,523 call options.

Insider Buying and Selling at Genius Sports

In related news, insider Thomas Russell sold 50,000 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $6.51, for a total value of $325,500.00. Following the completion of 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 accessible through this hyperlink. Also, CEO Mark Locke sold 50,000 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $6.54, for a total value of $327,000.00. Following the sale, the chief executive officer owned 19,375,216 shares in the company, valued at approximately $126,713,912.64. This represents a 0.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 850,000 shares of company stock worth $5,582,049. Insiders own 16.60% of the company’s stock.

Institutional Trading of Genius Sports

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GENI. Senvest Management LLC grew its position in 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. Voss Capital LP increased its stake in shares of Genius Sports by 35.4% in the fourth quarter. Voss Capital LP now owns 11,100,000 shares of the company’s stock worth $122,322,000 after buying an additional 2,900,000 shares during the period. WCM Investment Management LLC raised its holdings in shares of Genius Sports by 510.9% during the first quarter. WCM Investment Management LLC now owns 2,917,437 shares of the company’s stock valued at $12,370,000 after purchasing an additional 2,439,890 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Genius Sports during the 1st quarter worth approximately $9,636,000. Finally, Stephens Investment Management Group LLC grew its stake in shares of Genius Sports by 35.1% during the 1st quarter. Stephens Investment Management Group LLC now owns 7,598,359 shares of the company’s stock worth $33,661,000 after purchasing an additional 1,974,043 shares during the period. Institutional investors and hedge funds own 81.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Oppenheimer lifted their target price on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Zacks Research cut shares of Genius Sports from a “hold” rating to a “strong sell” rating in a research report on Monday, August 10th. BTIG Research upped their target price on Genius Sports from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Wells Fargo & Company reissued an “equal weight” rating and issued a $8.00 target price on shares of Genius Sports in a research report on Friday, August 7th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $10.50 price objective on shares of Genius Sports in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Genius Sports presently has a consensus rating of “Moderate Buy” and an average price target of $11.25.

Genius Sports Stock Up 8.9%

Genius Sports stock traded up $0.52 during midday trading on Friday, hitting $6.32. 3,045,265 shares of the company were exchanged, compared to its average volume of 6,319,219. The company’s fifty day moving average price is $7.20 and its 200-day moving average price is $5.96. Genius Sports has a fifty-two week low of $3.83 and a fifty-two week high of $13.52. The company has a market cap of $1.56 billion, a PE ratio of -9.25 and a beta of 1.88. 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 issued its quarterly earnings data 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 net margin of 22.99% and a negative return on equity of 23.83%. The company had revenue of $195.50 million during the quarter, compared to the consensus estimate of $184.43 million. During the same period in the previous year, the company earned ($0.21) earnings per share. Genius Sports’s revenue for the quarter was up 64.7% compared to the same quarter last year. On average, research analysts predict that Genius Sports will post -0.35 EPS for the current fiscal year.

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.