Genius Sports (NYSE:GENI) Sets New 52-Week Low – Here’s What Happened
by Renee Jackson · The Cerbat GemGenius Sports Limited (NYSE:GENI – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.18 and last traded at $4.26, with a volume of 2323107 shares. The stock had previously closed at $4.42.
Analysts Set New Price Targets
Several research analysts recently commented on the stock. Benchmark reiterated a “buy” rating on shares of Genius Sports in a report on Thursday, March 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Genius Sports in a research report on Friday, March 27th. BTIG Research dropped their price objective on Genius Sports from $16.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Guggenheim cut their price objective on Genius Sports from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Finally, Wells Fargo & Company decreased their target price on Genius Sports from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. Three investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.63.
Read Our Latest Stock Analysis on Genius Sports
Genius Sports Trading Down 7.0%
The stock has a market capitalization of $1.00 billion, a P/E ratio of -9.48 and a beta of 2.08. The business’s fifty day simple moving average is $5.70 and its two-hundred day simple moving average is $9.07.
Genius Sports (NYSE:GENI – Get Free Report) last posted its quarterly earnings data on Thursday, March 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.10). Genius Sports had a negative return on equity of 13.66% and a negative net margin of 16.67%.The company had revenue of $240.50 million for the quarter, compared to the consensus estimate of $234.94 million. During the same quarter in the previous year, the firm posted ($0.12) EPS. The business’s revenue for the quarter was up 37.0% compared to the same quarter last year. On average, equities research analysts anticipate that Genius Sports Limited will post -0.1 earnings per share for the current year.
Institutional Investors Weigh In On Genius Sports
A number of institutional investors have recently bought and sold shares of GENI. Royal Bank of Canada lifted its holdings in shares of Genius Sports by 17.6% during the 1st quarter. Royal Bank of Canada now owns 44,339 shares of the company’s stock worth $444,000 after acquiring an additional 6,623 shares during the period. Cetera Investment Advisers raised its position in Genius Sports by 10.0% in the second quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after purchasing an additional 1,388 shares in the last quarter. Prudential Financial Inc. bought a new position in Genius Sports during the second quarter worth about $266,000. Invesco Ltd. lifted its stake in Genius Sports by 3,584.2% during the second quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock worth $34,233,000 after purchasing an additional 3,202,290 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new stake in Genius Sports during the second quarter valued at approximately $14,220,000. Institutional investors and hedge funds own 81.91% of the company’s stock.
About Genius Sports
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.