Genius Sports Limited (NYSE:GENI – Get Rating)’s share price was down 6.2% during trading on Thursday after Credit Suisse Group lowered their price target on the stock from $11.00 to $10.00. Credit Suisse Group currently has an outperform rating on the stock. Genius Sports traded as low as $4.53 and last traded at $4.55. Approximately 43,281 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 1,587,856 shares. The stock had previously closed at $4.85.
Other equities research analysts have also issued research reports about the company. Citigroup cut their price target on Genius Sports from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, July 7th. B. Riley raised their price objective on Genius Sports from $5.25 to $8.00 in a research report on Wednesday. Finally, Needham & Company LLC raised their price objective on Genius Sports from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Genius Sports presently has a consensus rating of “Moderate Buy” and an average price target of $10.43.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of GENI. MBE Wealth Management LLC purchased a new stake in shares of Genius Sports in the second quarter valued at approximately $28,000. Schrum Private Wealth Management LLC purchased a new stake in shares of Genius Sports in the first quarter valued at approximately $39,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Genius Sports in the second quarter valued at approximately $39,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Genius Sports by 479.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 5,794 shares of the company’s stock valued at $44,000 after purchasing an additional 4,794 shares during the period. Finally, Bridgefront Capital LLC purchased a new stake in shares of Genius Sports in the first quarter valued at approximately $65,000. Hedge funds and other institutional investors own 42.13% of the company’s stock.
Genius Sports Stock Down 6.8 %
The business has a fifty day moving average of $2.90 and a 200-day moving average of $3.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.19 and a quick ratio of 2.19. The stock has a market cap of $1.01 billion, a PE ratio of -5.51 and a beta of 1.94.
Genius Sports (NYSE:GENI – Get Rating) last issued its quarterly earnings results on Tuesday, August 16th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.07. The business had revenue of $71.12 million for the quarter, compared to the consensus estimate of $64.70 million. Genius Sports had a negative return on equity of 25.25% and a negative net margin of 54.23%. The business’s quarterly revenue was up 27.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.69) earnings per share. Equities research analysts anticipate that Genius Sports Limited will post -0.53 earnings per share for the current year.
Genius Sports Company Profile
Genius Sports Limited develops and sells 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.