Key Points
- Genius Sports insider Thomas Russell sold 50,000 shares at an average price of $6.51, generating $325,500 and reducing his ownership by 9.59%.
- GENI shares opened at $5.62 after falling 13.2%; the stock remains unprofitable, with a quarterly EPS loss of $0.28 versus the $0.07 expected, despite revenue rising 64.7% year over year to $195.5 million.
- Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of $11.44, although recent insider selling and continued losses present risks.
Genius Sports Limited (NYSE:GENI - Get Free Report) insider Thomas Russell 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 $6.51, for a total transaction of $325,500.00. Following the completion of the sale, the insider owned 471,467 shares in the company, valued at $3,069,250.17. The trade was a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Genius Sports Stock Down 13.2%
GENI stock opened at $5.62 on Friday. Genius Sports Limited has a 12 month low of $3.83 and a 12 month high of $13.69. The firm has a market cap of $1.39 billion, a PE ratio of -8.27 and a beta of 1.88. The firm has a 50 day simple moving average of $7.24 and a 200 day simple moving average of $5.96. 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 - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.21). The business had revenue of $195.50 million during the quarter, compared to analyst estimates of $184.43 million. Genius Sports had a negative return on equity of 23.83% and a negative net margin of 22.99%.The company's quarterly revenue was up 64.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.21) EPS. Equities research analysts forecast that Genius Sports Limited will post -0.35 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on GENI shares. Roth Capital reaffirmed a "buy" rating and set a $12.00 target price on shares of Genius Sports in a research report on Friday, August 7th. Stifel Nicolaus increased their price target on Genius Sports from $5.00 to $7.00 and gave the company a "hold" rating in a research report on Wednesday, July 22nd. Weiss Ratings raised Genius Sports from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Monday, August 3rd. Zacks Research downgraded Genius Sports from a "hold" rating to a "strong sell" rating in a report on Monday, August 10th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Genius Sports in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $11.44.
Check Out Our Latest Report on Genius Sports
Institutional Trading of Genius Sports
Several large investors have recently added to or reduced their stakes in GENI. Parallel Advisors LLC purchased a new stake in shares of Genius Sports in the first quarter valued at $25,000. Lexington Hill Partners LLC acquired a new stake in shares of Genius Sports in the second quarter worth $64,000. Clearstead Advisors LLC grew its holdings in shares of Genius Sports by 74,341.2% during the fourth quarter. Clearstead Advisors LLC now owns 12,655 shares of the company's stock valued at $139,000 after buying an additional 12,638 shares in the last quarter. MQS Management LLC acquired a new position in Genius Sports during the fourth quarter valued at $142,000. Finally, Corient Private Wealth LP acquired a new position in Genius Sports during the second quarter valued at $83,000. 81.91% of the stock is owned by institutional investors and hedge funds.
More Genius Sports News
Here are the key news stories impacting Genius Sports this week:
- Positive Sentiment: Genius Sports launched Prediction.com, a platform that compares prediction-market probabilities, event contracts and related insights. The product could expand the company’s sports-data ecosystem and create additional advertising, data and wagering-related revenue opportunities. Genius Sports Launches Prediction.com
- Positive Sentiment: Analyst sentiment remains generally favorable, with a reported consensus rating of “Moderate Buy” and an average price target of $11.44. Recent target increases and the company’s 64.7% year-over-year revenue growth provide longer-term support, despite continued losses.
- Neutral Sentiment: Genius Sports is expanding its media business through a basketball content series featuring Chris Paul. The initiative may improve engagement and brand visibility, but its direct financial contribution was not disclosed. Chris Paul content series
- Negative Sentiment: CEO Mark Locke sold 800,000 shares between September 15 and 17 for approximately $5.26 million. He still owns roughly 19.38 million shares, but the cluster of sales can be interpreted as a cautionary signal and may add near-term selling pressure. SEC CEO ownership filing
- Negative Sentiment: Insider Thomas Russell separately sold 50,000 shares for $325,500, reducing his ownership by about 9.6%. Multiple insider sales in a short period are likely contributing to investor concern. SEC Thomas Russell ownership filing
- Negative Sentiment: Prediction markets face ongoing legal and regulatory challenges, creating uncertainty around Prediction.com’s rollout and monetization potential. Genius Sports also remains unprofitable, with its latest quarterly EPS materially below expectations despite revenue exceeding estimates. Genius Sports CEO on prediction-market legal challenges
Genius Sports Company Profile
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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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