Genius Sports (NYSE:GENI) Reaches New 12-Month Low – Time to Sell?

Shares of Genius Sports Limited (NYSE:GENI) reached a new 52-week low on Wednesday . The stock traded as low as $5.70 and last traded at $5.9850, with a volume of 521218 shares traded. The stock had previously closed at $5.79.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Northland Securities set a $12.00 price target on shares of Genius Sports in a research note on Friday, February 6th. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 target price on shares of Genius Sports in a research report on Thursday, December 4th. UBS Group set a $6.00 price target on Genius Sports in a research report on Wednesday. Macquarie Infrastructure reiterated an “outperform” rating and issued a $15.00 price objective on shares of Genius Sports in a report on Wednesday, November 5th. Finally, Wells Fargo & Company decreased their price objective on Genius Sports from $16.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, February 9th. Three investment analysts have 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 stock. Based on data from MarketBeat, Genius Sports presently has an average rating of “Moderate Buy” and an average target price of $13.62.

Genius Sports Stock Up 8.9%

The stock has a market cap of $1.36 billion, a P/E ratio of -13.41 and a beta of 1.85. The company has a 50-day simple moving average of $9.48 and a two-hundred day simple moving average of $10.93.

Institutional Trading of Genius Sports

A number of institutional investors have recently modified their holdings of GENI. CWM LLC increased its holdings in Genius Sports by 275.5% during the 2nd quarter. CWM LLC now owns 3,980 shares of the company’s stock valued at $41,000 after purchasing an additional 2,920 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Genius Sports during the third quarter valued at approximately $65,000. Strs Ohio lifted its stake in Genius Sports by 178.9% in the third 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. UMB Bank n.a. purchased a new stake in Genius Sports in the fourth quarter worth $63,000. Finally, Bessemer Group Inc. boosted its holdings in Genius Sports by 1,163.1% in the third quarter. Bessemer Group Inc. now owns 7,010 shares of the company’s stock valued at $87,000 after acquiring an additional 6,455 shares in the last quarter. 81.91% of the stock is currently owned by hedge funds and other 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.