Genius Sports (NYSE:GENI) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Genius Sports to a "sell", and several brokers have trimmed price targets, though the consensus remains a Moderate Buy with a $12.50 average target.
• Genius missed quarterly EPS expectations (loss of $0.08 vs. $0.02 expected) while reporting revenue up 37% year-over-year to $240.5 million, underscoring top-line growth amid ongoing unprofitability.
• The stock trades near $4.36 with a $1.07 billion market cap and a 52-week range of $3.83–$13.73, and institutional investors own roughly 82% of the shares.

Genius Sports (NYSE:GENI - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

A number of other research analysts have also recently weighed in on the stock. Stifel Nicolaus dropped their target price on shares of Genius Sports from $7.00 to $5.00 and set a "hold" rating on the stock in a research note on Thursday, April 9th. Needham & Company LLC dropped their target price on shares of Genius Sports from $16.00 to $14.00 and set a "buy" rating on the stock in a research note on Thursday, March 5th. BTIG Research dropped their target price on shares of Genius Sports from $16.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, March 5th. UBS Group reiterated a "buy" rating on shares of Genius Sports in a research note on Wednesday, March 4th. Finally, Benchmark reiterated a "buy" rating on shares of Genius Sports in a research note on Thursday, March 5th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Genius Sports currently has an average rating of "Moderate Buy" and a consensus price target of $12.50.

Genius Sports Price Performance

GENI opened at $4.36 on Friday. The company's 50-day moving average is $4.91 and its 200 day moving average is $8.21. Genius Sports has a fifty-two week low of $3.83 and a fifty-two week high of $13.73. The firm has a market capitalization of $1.07 billion, a P/E ratio of -10.13 and a beta of 1.80.

Genius Sports (NYSE:GENI - Get Free Report) last released its quarterly earnings results on Thursday, March 5th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.10). Genius Sports had a negative net margin of 16.67% and a negative return on equity of 13.66%. The firm had revenue of $240.50 million for the quarter, compared to the consensus estimate of $234.94 million. During the same period in the previous year, the business earned ($0.12) earnings per share. The firm's revenue for the quarter was up 37.0% on a year-over-year basis.

Institutional Trading of Genius Sports

Several hedge funds and other institutional investors have recently modified their holdings of GENI. Baer Investment Advisory LLC bought a new stake in shares of Genius Sports in the first quarter valued at approximately $61,000. UMB Bank n.a. bought a new stake in shares of Genius Sports in the fourth quarter valued at approximately $63,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Genius Sports in the third quarter valued at approximately $65,000. Strs Ohio raised its position in shares of Genius Sports by 178.9% in the third quarter. Strs Ohio now owns 5,300 shares of the company's stock valued at $66,000 after purchasing an additional 3,400 shares during the period. Finally, Bessemer Group Inc. raised its position in shares of Genius Sports by 1,163.1% in the third quarter. Bessemer Group Inc. now owns 7,010 shares of the company's stock valued at $87,000 after purchasing an additional 6,455 shares during the period. 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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