Genius Sports (NYSE:GENI) Downgraded by Wall Street Zen to Strong Sell

Genius Sports (NYSE:GENI) was downgraded by analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued to investors on Sunday.

GENI has been the subject of a number of other research reports. Stifel Nicolaus lifted their target price on shares of Genius Sports from $5.00 to $7.00 and gave the company a “hold” rating in a research note on Wednesday. Weiss Ratings downgraded Genius Sports from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft assumed coverage on Genius Sports in a report on Monday, May 11th. They set a “buy” rating and a $10.00 target price on the stock. B. Riley Financial restated a “buy” rating on shares of Genius Sports in a research note on Friday, May 8th. Finally, Freedom Capital upgraded shares of Genius Sports to a “strong-buy” rating in a research report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.56.

Genius Sports Stock Up 1.5%

Shares of Genius Sports stock opened at $6.53 on Friday. The stock has a market capitalization of $1.61 billion, a P/E ratio of -10.70 and a beta of 1.91. The company has a 50-day simple moving average of $6.14 and a 200 day simple moving average of $6.18. Genius Sports has a 12-month low of $3.83 and a 12-month high of $13.73.

Genius Sports (NYSE:GENI) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). The firm had revenue of $187.95 million during the quarter, compared to analyst estimates of $170.60 million. Genius Sports had a negative net margin of 22.26% and a negative return on equity of 20.34%. Genius Sports’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.03) earnings per share. On average, equities analysts anticipate that Genius Sports will post -0.12 earnings per share for the current year.

Hedge Funds Weigh In On Genius Sports

Institutional investors and hedge funds have recently made changes to their positions in the company. Senvest Management LLC raised its stake in Genius Sports by 45.1% in the 1st quarter. Senvest Management LLC now owns 13,653,724 shares of the company’s stock worth $60,486,000 after purchasing an additional 4,243,157 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Genius Sports by 17.9% during the 3rd quarter. Wellington Management Group LLP now owns 13,513,537 shares of the company’s stock worth $167,298,000 after buying an additional 2,051,503 shares during the period. Voss Capital LP grew its position in shares of Genius Sports by 35.4% during the 4th quarter. Voss Capital LP now owns 11,100,000 shares of the company’s stock worth $122,322,000 after buying an additional 2,900,000 shares during the period. Stephens Investment Management Group LLC increased its stake in shares of Genius Sports by 35.1% in the 1st quarter. Stephens Investment Management Group LLC now owns 7,598,359 shares of the company’s stock valued at $33,661,000 after acquiring an additional 1,974,043 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its position in shares of Genius Sports by 1.7% during the 4th quarter. Westfield Capital Management Co. LP now owns 5,951,203 shares of the company’s stock valued at $65,582,000 after acquiring an additional 101,120 shares during the period. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Company Profile

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.