Genius Sports (NYSE:GENI) Hits New 52-Week Low - Time to Sell?

Key Points

• Genius Sports hit a new 52-week low, trading as low as $4.18 (last $4.26) with shares down mid-day and 50-/200-day moving averages at $5.90 and $9.16, indicating continued downward momentum.
• The company beat revenue expectations—revenues rose 37% to $240.5M—but missed EPS (‑$0.08 vs. $0.02 expected) and remains unprofitable with a negative net margin and PE.
• Analysts have trimmed targets recently, yet the consensus remains a Moderate Buy with an average target of $12.74, and institutional ownership is high at about 81.9%.

Genius Sports Limited (NYSE:GENI - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.18 and last traded at $4.26, with a volume of 2323107 shares. The stock had previously closed at $4.42.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Needham & Company LLC decreased their target price on Genius Sports from $16.00 to $14.00 and set a "buy" rating on the stock in a research note on Thursday, March 5th. Wells Fargo & Company decreased their target price on Genius Sports from $10.00 to $9.00 and set an "overweight" rating on the stock in a research note on Thursday, March 5th. Guggenheim decreased their target price on Genius Sports from $17.00 to $12.00 and set a "buy" rating on the stock in a research note on Friday, February 6th. BTIG Research decreased their target price on Genius Sports from $16.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, March 5th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Genius Sports in a report on Friday, March 27th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $12.74.

Genius Sports Trading Down 3.7%

The company has a fifty day simple moving average of $5.90 and a two-hundred day simple moving average of $9.16. The company has a market cap of $1.05 billion, a PE ratio of -9.90 and a beta of 2.08.

Genius Sports (NYSE:GENI - Get Free Report) last issued its quarterly earnings results on Thursday, March 5th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.10). Genius Sports had a negative return on equity of 13.66% and a negative net margin of 16.67%.The company had revenue of $240.50 million for the quarter, compared to analysts' expectations of $234.94 million. During the same quarter last year, the company earned ($0.12) EPS. Genius Sports's revenue for the quarter was up 37.0% compared to the same quarter last year. On average, research analysts anticipate that Genius Sports Limited will post -0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GENI. Hsbc Holdings PLC purchased a new position in shares of Genius Sports in the 4th quarter valued at about $171,000. Uniplan Investment Counsel Inc. increased its holdings in shares of Genius Sports by 31.7% in the 4th quarter. Uniplan Investment Counsel Inc. now owns 178,100 shares of the company's stock valued at $1,963,000 after acquiring an additional 42,895 shares during the last quarter. Numerai GP LLC increased its holdings in shares of Genius Sports by 31.6% in the 4th quarter. Numerai GP LLC now owns 61,605 shares of the company's stock valued at $679,000 after acquiring an additional 14,798 shares during the last quarter. Occudo Quantitative Strategies LP increased its holdings in shares of Genius Sports by 70.5% in the 4th quarter. Occudo Quantitative Strategies LP now owns 135,621 shares of the company's stock valued at $1,495,000 after acquiring an additional 56,070 shares during the last quarter. Finally, Odyssean LLC purchased a new position in shares of Genius Sports in the 4th quarter valued at about $770,000. Hedge funds and other institutional investors own 81.91% of the company's stock.

About Genius Sports

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.

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