Genius Sports (NYSE:GENI) CEO Mark Locke Sells 50,000 Shares of Stock

Key Points

• CEO Mark Locke sold 50,000 Genius Sports shares at an average price of $6.54, generating $327,000; he still directly owns approximately 19.38 million shares. The sale followed disposals of 272,551 shares and 477,449 shares on the prior two trading days.
• Genius Sports reported quarterly revenue of $195.5 million, up 64.7% year over year and above estimates, but its loss of $0.28 per share was wider than expected. Analysts project a full-year loss of $0.35 per share.
• The stock recently traded at $6.48, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $11.44; institutional investors own 81.91% of outstanding shares.

Genius Sports Limited (NYSE:GENI - Get Free Report) CEO Mark Locke 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 $6.54, for a total value of $327,000.00. Following the transaction, the chief executive officer directly owned 19,375,216 shares in the company, valued at $126,713,912.64. This trade represents a 0.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Mark Locke also recently made the following trade(s):

• On Wednesday, September 16th, Mark Locke sold 272,551 shares of Genius Sports stock. The shares were sold at an average price of $6.56, for a total transaction of $1,787,934.56.
• On Tuesday, September 15th, Mark Locke sold 477,449 shares of Genius Sports stock. The stock was sold at an average price of $6.58, for a total transaction of $3,141,614.42.

Genius Sports Stock Performance

NYSE GENI traded down $0.14 on Thursday, hitting $6.48. 7,189,063 shares of the stock were exchanged, compared to its average volume of 4,524,462. The company has a market capitalization of $1.60 billion, a PE ratio of -9.54 and a beta of 1.88. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.97 and a quick ratio of 0.97. The business's fifty day moving average is $7.25 and its 200 day moving average is $5.97. Genius Sports Limited has a 52 week low of $3.83 and a 52 week high of $13.69.

Genius Sports (NYSE:GENI - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.21). Genius Sports had a negative return on equity of 23.83% and a negative net margin of 22.99%.The firm had revenue of $195.50 million for the quarter, compared to analyst estimates of $184.43 million. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. The firm's revenue for the quarter was up 64.7% on a year-over-year basis. Research analysts anticipate that Genius Sports Limited will post -0.35 EPS for the current fiscal year.

Institutional Trading of Genius Sports

A number of large investors have recently bought and sold shares of GENI. Parallel Advisors LLC purchased a new stake in Genius Sports in the 1st quarter worth about $25,000. Lexington Hill Partners LLC purchased a new stake in Genius Sports in the 2nd quarter worth approximately $64,000. Clearstead Advisors LLC grew its position in shares of Genius Sports by 74,341.2% during the 4th quarter. Clearstead Advisors LLC now owns 12,655 shares of the company's stock valued at $139,000 after purchasing an additional 12,638 shares in the last quarter. MQS Management LLC bought a new position in shares of Genius Sports in the fourth quarter worth $142,000. Finally, Corient Private Wealth LP purchased a new stake in shares of Genius Sports in the second quarter worth $83,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GENI. Wall Street Zen cut shares of Genius Sports from a "sell" rating to a "strong sell" rating in a research note on Sunday. BTIG Research boosted their price target on shares of Genius Sports from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Zacks Research downgraded Genius Sports from a "hold" rating to a "strong sell" rating in a research note on Monday, August 10th. Roth Capital restated a "buy" rating and set a $12.00 price objective on shares of Genius Sports in a report on Friday, August 7th. Finally, Wells Fargo & Company reiterated an "equal weight" rating and issued a $8.00 target price on shares of Genius Sports in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Genius Sports has a consensus rating of "Moderate Buy" and an average target price of $11.44.

About Genius Sports

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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