Genius Sports (NYSE:GENI) Raised to “Sell” at Wall Street Zen

Genius Sports (NYSE:GENI) was upgraded by analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report released on Monday.

A number of other brokerages have also issued reports on GENI. Truist Financial decreased their price target on Genius Sports from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. The Goldman Sachs Group assumed coverage on Genius Sports in a research note on Monday, July 27th. They issued a “buy” rating and a $9.50 price objective on the stock. Citigroup cut their price objective on Genius Sports from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, May 8th. Wells Fargo & Company decreased their target price on Genius Sports from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Monday, July 20th. Finally, Needham & Company LLC lowered their target price on Genius Sports from $14.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Genius Sports has a consensus rating of “Moderate Buy” and a consensus price target of $11.14.

Genius Sports Stock Up 14.4%

Shares of GENI opened at $8.09 on Monday. The firm has a market capitalization of $1.99 billion, a PE ratio of -13.26 and a beta of 1.90. The firm has a 50-day moving average price of $6.43 and a 200 day moving average price of $5.99. Genius Sports has a 52-week low of $3.83 and a 52-week high of $13.73.

Genius Sports (NYSE:GENI) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). The company had revenue of $187.95 million for the quarter, compared to the consensus estimate of $170.60 million. Genius Sports had a negative return on equity of 20.34% and a negative net margin of 22.26%.The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.03) earnings per share. On average, equities analysts expect that Genius Sports will post -0.12 EPS for the current year.

Institutional Investors Weigh In On Genius Sports

A number of institutional investors and hedge funds have recently modified their holdings of GENI. Parallel Advisors LLC acquired a new position in shares of Genius Sports in the 1st quarter valued at $25,000. Baer Investment Advisory LLC acquired a new stake in Genius Sports during the 1st quarter worth about $61,000. UMB Bank n.a. purchased a new stake in Genius Sports during the fourth quarter valued at about $63,000. Lexington Hill Partners LLC acquired a new position in shares of Genius Sports in the second quarter worth about $64,000. Finally, Pacer Advisors Inc. increased its position in shares of Genius Sports by 29.1% in the first quarter. Pacer Advisors Inc. now owns 15,270 shares of the company’s stock worth $68,000 after acquiring an additional 3,440 shares in the last quarter. 81.91% of the stock is owned by institutional investors and hedge funds.

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.