Genius Sports (NYSE:GENI) Stock Price Down 6.7% After Insider Selling

Key Points

• Genius Sports shares fell 6.7% to roughly $6.05 after CEO Mark Locke sold 800,000 shares over three days for about $5.26 million, reducing his holdings by approximately 4% while retaining roughly 19.38 million shares.
• Wall Street remains broadly positive, with an average rating of “Moderate Buy” and an average price target of $11.44, despite the company’s quarterly EPS miss. Revenue rose 64.7% year over year to $195.5 million.
• The company launched Prediction.com to compare prediction-market probabilities and event contracts, potentially expanding its sports-wagering ecosystem, though legal and regulatory uncertainty could affect the platform’s rollout and commercial prospects.

Shares of Genius Sports Limited (NYSE:GENI - Get Free Report) dropped 6.7% on Friday after an insider sold shares in the company. The stock traded as low as $6.11 and last traded at $6.0490. 593,083 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 6,181,315 shares. The stock had previously closed at $6.48.

Specifically, CEO Mark Locke sold 50,000 shares of the firm's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $6.54, for a total value of $327,000.00. Following the sale, 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 document filed with the SEC, which is available at the SEC website. Also, CEO Mark Locke sold 272,551 shares of the business's stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $6.56, for a total value of $1,787,934.56. Following the sale, the chief executive officer owned 19,425,216 shares in the company, valued at approximately $127,429,416.96. This represents a 1.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In related news, CEO Mark Locke sold 477,449 shares of the firm's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $6.58, for a total value of $3,141,614.42. Following the completion of the transaction, the chief executive officer directly owned 19,697,767 shares of the company's stock, valued at $129,611,306.86. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GENI. The Goldman Sachs Group restated a "buy" rating and issued a $10.50 price objective on shares of Genius Sports in a research note on Friday, August 7th. Guggenheim increased their price target on shares of Genius Sports from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Needham & Company LLC lifted their price objective on Genius Sports from $10.00 to $12.00 and gave the company a "buy" rating in a report on Friday, August 7th. BTIG Research upped their price objective on Genius Sports from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, Citigroup restated a "market outperform" rating on shares of Genius Sports in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Genius Sports currently has an average rating of "Moderate Buy" and an average price target of $11.44.

Trending Headlines about Genius Sports

Here are the key news stories impacting Genius Sports this week:

• Positive Sentiment: Genius Sports launched Prediction.com, a platform that compares prediction-market probabilities, event contracts and related insights. The service could expand the company’s sports-wagering ecosystem and create additional monetization opportunities. Genius Sports Launches Prediction.com
• Positive Sentiment: CEO Mark Locke said Genius Sports is positioned to benefit regardless of how Americans wager, highlighting the company’s strategy of serving the broader prediction-market and betting ecosystem. Genius Sports CEO on prediction markets
• Neutral Sentiment: A new basketball content series featuring Chris Paul could support audience engagement and brand visibility, although no direct financial contribution was disclosed. Chris Paul basketball insights series
• Neutral Sentiment: Options activity has drawn investor attention, but available commentary does not establish a clear bullish or bearish signal. Options activity at Genius Sports
• Negative Sentiment: CEO Mark Locke sold a combined 800,000 shares from September 15–17 for approximately $5.26 million. The transactions reduced his holdings by roughly 4%, which may signal caution and create near-term selling pressure, although he retains about 19.38 million shares. Genius Sports SEC insider filing
• Negative Sentiment: Prediction markets face continuing legal and regulatory uncertainty, potentially affecting the rollout and commercial opportunity for Prediction.com. Prediction-market legal challenges

Genius Sports Price Performance

The stock has a fifty day moving average of $7.25 and a 200-day moving average of $5.97. The firm has a market capitalization of $1.47 billion, a P/E ratio of -8.86 and a beta of 1.88. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.10.

Genius Sports (NYSE:GENI - Get Free Report) last posted 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 net margin of 22.99% and a negative return on equity of 23.83%. The company had revenue of $195.50 million during the quarter, compared to analyst estimates of $184.43 million. During the same quarter in the previous year, the business posted ($0.21) EPS. The company's revenue was up 64.7% compared to the same quarter last year. Equities analysts predict that Genius Sports Limited will post -0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GENI. WINTON GROUP Ltd bought a new position in Genius Sports in the 2nd quarter valued at $1,120,000. Corient Private Wealth LP acquired a new position in shares of Genius Sports during the second quarter valued at $83,000. Odyssean LLC lifted its stake in shares of Genius Sports by 61.3% during the second quarter. Odyssean LLC now owns 230,581 shares of the company's stock valued at $1,397,000 after acquiring an additional 87,604 shares during the period. Round Rock Advisors LLC bought a new position in Genius Sports in the second quarter valued at about $595,000. Finally, Ancora Advisors LLC increased its position in Genius Sports by 201.3% in the second quarter. Ancora Advisors LLC now owns 370,631 shares of the company's stock worth $2,246,000 after purchasing an additional 247,610 shares during the period. Institutional investors own 81.91% of the company's stock.

Genius Sports Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.