Key Points
- Insider Jack Davison sold 30,000 Genius Sports shares at an average of $6.14, for $184,200. He retained 1,999,706 shares after the sale.
- Genius Sports reported quarterly revenue of $269.86 million, up 62.3% year over year and above estimates, but its loss of $0.06 per share missed the $0.01 consensus forecast.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $10.76; shares traded at $6.24 on Friday.
Genius Sports Limited (NYSE:GENI - Get Free Report) insider Jack Davison sold 30,000 shares of the stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $6.14, for a total transaction of $184,200.00. Following the sale, the insider directly owned 1,999,706 shares of the company's stock, valued at $12,278,194.84. This represents a 1.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Genius Sports Trading Up 2.2%
Genius Sports stock traded up $0.14 during mid-day trading on Friday, hitting $6.24. 4,650,527 shares of the stock were exchanged, compared to its average volume of 7,087,323. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.09. Genius Sports Limited has a 12 month low of $3.83 and a 12 month high of $11.57. The firm's fifty day simple moving average is $6.39 and its two-hundred day simple moving average is $6.13. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -9.90 and a beta of 1.95.
Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.07). Genius Sports had a negative net margin of 18.85% and a negative return on equity of 22.27%. The firm had revenue of $269.86 million during the quarter, compared to the consensus estimate of $261.13 million. During the same period in the prior year, the company posted ($0.11) earnings per share. The company's revenue for the quarter was up 62.3% compared to the same quarter last year. Analysts forecast that Genius Sports Limited will post -0.49 EPS for the current year.
Analyst Ratings Changes
Several equities analysts recently issued reports on GENI shares. Benchmark restated a "buy" rating on shares of Genius Sports in a report on Friday, August 28th. The Goldman Sachs Group reiterated a "buy" rating and set a $9.00 price target on shares of Genius Sports in a report on Friday, November 6th. Wall Street Zen raised Genius Sports from a "strong sell" rating to a "sell" rating in a research report on Sunday, November 8th. Zacks Research downgraded Genius Sports from a "hold" rating to a "strong sell" rating in a research note on Wednesday, November 4th. Finally, BTIG Research dropped their price objective on Genius Sports from $10.00 to $8.00 and set a "buy" rating on the stock in a research note on Thursday, November 5th. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $10.76.
Read Our Latest Analysis on GENI
Institutional Trading of Genius Sports
Large investors have recently modified their holdings of the stock. Parallel Advisors LLC bought a new stake in shares of Genius Sports in the 1st quarter valued at $25,000. Signaturefd LLC lifted its position in shares of Genius Sports by 45.9% during the 3rd quarter. Signaturefd LLC now owns 5,096 shares of the company's stock valued at $29,000 after acquiring an additional 1,602 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Genius Sports during the 3rd quarter valued at $63,000. Lexington Hill Partners LLC acquired a new position in shares of Genius Sports during the 2nd quarter valued at $64,000. Finally, Pacer Advisors Inc. boosted its stake in Genius Sports by 29.1% during 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. Institutional investors and hedge funds own 81.91% of the company's stock.
Genius Sports Company Profile
(
Get Free Report)
Genius Sports is a sports technology company that collects, manages and distributes data and video from sporting events. Its technology supports live statistics, scores and other sports content for leagues, teams, broadcasters and betting operators. The company also provides services for sports betting, including official data distribution, trading tools and integrity monitoring. Its media and marketing offerings help sports organizations and brands connect with fans through digital content and targeted advertising.
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