Genius Sports Limited (NYSE:GENI - Get Free Report) was the target of some unusual options trading on Tuesday. Investors purchased 4,452 call options on the stock. This represents an increase of approximately 53% compared to the average daily volume of 2,903 call options.
Hedge Funds Weigh In On Genius Sports
Large investors have recently made changes to their positions in the business. Quarry LP acquired a new position in shares of Genius Sports during the first quarter worth $37,000. Pacer Advisors Inc. increased its position in shares of Genius Sports by 61.5% during the first quarter. Pacer Advisors Inc. now owns 3,754 shares of the company's stock worth $38,000 after purchasing an additional 1,430 shares in the last quarter. CWM LLC increased its position in shares of Genius Sports by 275.5% during the second quarter. CWM LLC now owns 3,980 shares of the company's stock worth $41,000 after purchasing an additional 2,920 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Genius Sports during the second quarter worth $75,000. Finally, Amalgamated Bank acquired a new position in shares of Genius Sports during the second quarter worth $79,000. 81.91% of the stock is owned by institutional investors and hedge funds.
Genius Sports Stock Performance
NYSE:GENI traded down $0.84 during trading hours on Tuesday, reaching $12.60. The company's stock had a trading volume of 3,695,310 shares, compared to its average volume of 4,338,210. The company has a market capitalization of $2.71 billion, a P/E ratio of -40.50 and a beta of 1.87. Genius Sports has a 12 month low of $6.72 and a 12 month high of $13.73. The stock has a 50 day moving average price of $12.38 and a two-hundred day moving average price of $10.89.
Genius Sports (NYSE:GENI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.17). The business had revenue of $118.72 million during the quarter, compared to the consensus estimate of $118.28 million. Genius Sports had a negative return on equity of 11.48% and a negative net margin of 13.94%.The business's quarterly revenue was up 24.4% on a year-over-year basis. During the same period last year, the firm earned ($0.09) EPS. As a group, analysts predict that Genius Sports will post -0.1 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Benchmark boosted their target price on Genius Sports from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. UBS Group boosted their target price on Genius Sports from $11.00 to $13.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Arete initiated coverage on Genius Sports in a research report on Wednesday, July 9th. They set a "buy" rating and a $15.00 target price for the company. JMP Securities boosted their price target on Genius Sports from $13.00 to $15.00 and gave the company a "market outperform" rating in a report on Wednesday, September 3rd. Finally, Needham & Company LLC boosted their price target on Genius Sports from $13.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $14.22.
Check Out Our Latest Analysis on Genius Sports
Genius Sports Company Profile
(
Get Free Report)
Genius Sports Limited engages in the development and sale of technology-led products and services to the sports, sports betting, and sports media industries. It offers technology infrastructure for the collection, integration, and distribution of live data of sports leagues; streaming solutions comprising technology, automatic production, and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as a full suite of online and offline educational and consultancy services.
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