Insider Selling: Genius Sports (NYSE:GENI) CEO Sells 50,000 Shares of Stock

Genius Sports Limited (NYSE:GENI - Get Free Report) CEO Mark Locke sold 50,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 19,375,216 shares of the company's stock, valued at $126,713,912.64. The trade was a 0.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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Mark Locke also recently made the following trade(s):

• On Wednesday, September 16th, Mark Locke sold 272,551 shares of Genius Sports stock. The shares were sold at an average price of $6.56, for a total transaction of $1,787,934.56.
• On Tuesday, September 15th, Mark Locke sold 477,449 shares of Genius Sports stock. The stock was sold at an average price of $6.58, for a total transaction of $3,141,614.42.

Genius Sports Trading Down 2.1%

Shares of GENI opened at $6.48 on Friday. Genius Sports Limited has a fifty-two week low of $3.83 and a fifty-two week high of $13.69. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -9.54 and a beta of 1.88. The firm has a 50 day moving average price of $7.25 and a 200-day moving average price of $5.97. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.97 and a current ratio of 0.97.

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Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings results 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 return on equity of 23.83% and a negative net margin of 22.99%.The business had revenue of $195.50 million during the quarter, compared to the consensus estimate of $184.43 million. During the same period in the prior year, the firm earned ($0.21) earnings per share. The business's revenue for the quarter was up 64.7% on a year-over-year basis. As a group, equities research analysts forecast that Genius Sports Limited will post -0.35 earnings per share for the current year.

Genius Sports News Roundup

Here are the key news stories impacting Genius Sports this week:

• Positive Sentiment: Genius Sports launched Prediction.com, a platform designed to compare prediction-market probabilities, event contracts and related insights. The initiative could broaden the company’s sports-data and wagering ecosystem and create new monetization opportunities. Genius Sports Launches Prediction.com, The Premium Prediction Market Platform for Comparing Probabilities, Event Contracts and Insights
• Positive Sentiment: CEO Mark Locke said Genius Sports expects to benefit regardless of how Americans participate in wagering, reinforcing the company’s strategic focus on prediction markets amid growing consumer interest. Genius Sports CEO: We Get Paid However Americans Wager
• Neutral Sentiment: The company is also expanding its media and content profile through a new basketball insights series featuring Chris Paul. The deal may improve audience engagement, although its direct financial impact was not disclosed. Chris Paul to share basketball insights in new content series co-produced with Words + Pictures, Genius Sports
• Neutral Sentiment: Options-market activity has attracted attention, but the report does not establish whether traders expect a sustained rally or decline. Do Options Traders Know Something About Genius Sports Stock We Don't?
• Negative Sentiment: CEO Mark Locke sold a combined 800,000 shares from September 15–17 for approximately $5.26 million. The sales reduced his direct holdings by roughly 4%, potentially signaling caution and adding selling pressure. He still owns about 19.38 million shares. SEC insider ownership filing
• Negative Sentiment: Prediction markets face ongoing legal and regulatory challenges, creating uncertainty around the timing, availability and commercial potential of Genius Sports’ new platform. Genius Sports CEO on Future of Prediction Markets in Face of Legal Challenges

Institutional Investors Weigh In On Genius Sports

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC bought a new stake in Genius Sports during the first quarter worth about $25,000. Baer Investment Advisory LLC purchased a new stake in Genius Sports in the first quarter worth about $61,000. Lexington Hill Partners LLC bought a new position in shares of Genius Sports during the second quarter valued at approximately $64,000. Pacer Advisors Inc. increased its stake in shares of Genius Sports by 29.1% during the first quarter. Pacer Advisors Inc. now owns 15,270 shares of the company's stock valued at $68,000 after purchasing an additional 3,440 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Genius Sports by 24.1% during the first quarter. Principal Financial Group Inc. now owns 16,038 shares of the company's stock valued at $71,000 after purchasing an additional 3,114 shares during the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Freedom Capital upgraded Genius Sports to a "strong-buy" rating in a report on Monday, July 20th. Zacks Research cut Genius Sports from a "hold" rating to a "strong sell" rating in a report on Monday, August 10th. Stifel Nicolaus lifted their price objective on Genius Sports from $5.00 to $7.00 and gave the stock a "hold" rating in a research report on Wednesday, July 22nd. Wells Fargo & Company reissued an "equal weight" rating and set a $8.00 target price on shares of Genius Sports in a research note on Friday, August 7th. Finally, BTIG Research upped their target price on Genius Sports from $9.00 to $10.00 and gave the company a "buy" rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Genius Sports currently has a consensus rating of "Moderate Buy" and an average target price of $11.44.

View Our Latest Research Report on Genius Sports

Genius Sports Company Profile

(Get Free Report)

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.

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