Genius Sports (NYSE:GENI) Reaches New 52-Week Low – Should You Sell?

Shares of Genius Sports Limited (NYSE:GENI) reached a new 52-week low during trading on Monday . The stock traded as low as $3.83 and last traded at $3.9370, with a volume of 94550 shares. The stock had previously closed at $3.92.

Analysts Set New Price Targets

Several research firms recently commented on GENI. Guggenheim reduced their price target on shares of Genius Sports from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Wall Street Zen raised shares of Genius Sports from a “sell” rating to a “hold” rating in a research report on Saturday. UBS Group reissued a “buy” rating on shares of Genius Sports in a research report on Wednesday, March 4th. Northland Securities set a $12.00 target price on shares of Genius Sports in a research report on Friday, February 6th. Finally, Stifel Nicolaus cut their target price on shares of Genius Sports from $7.00 to $5.00 and set a “hold” rating on the stock in a research report on Thursday, April 9th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.63.

Genius Sports Stock Performance

The business’s 50 day moving average is $5.34 and its 200 day moving average is $8.79. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -9.95 and a beta of 2.08.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Thursday, March 5th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.10). Genius Sports had a negative net margin of 16.67% and a negative return on equity of 13.66%. The business had revenue of $240.50 million for the quarter, compared to analyst estimates of $234.94 million. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. The business’s revenue was up 37.0% on a year-over-year basis. Sell-side analysts predict that Genius Sports Limited will post -0.1 EPS for the current year.

Hedge Funds Weigh In On Genius Sports

Several institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in Genius Sports by 17.6% in 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 in the last quarter. Cetera Investment Advisers increased its holdings in Genius Sports by 10.0% in the 2nd quarter. Cetera Investment Advisers now owns 15,288 shares of the company’s stock worth $159,000 after acquiring an additional 1,388 shares in the last quarter. Prudential Financial Inc. purchased a new stake in Genius Sports in the 2nd quarter worth $266,000. Invesco Ltd. increased its holdings in Genius Sports by 3,584.2% in the 2nd quarter. Invesco Ltd. now owns 3,291,635 shares of the company’s stock worth $34,233,000 after acquiring an additional 3,202,290 shares in the last quarter. Finally, Frontier Capital Management Co. LLC purchased a new stake in Genius Sports in the 2nd quarter worth $14,220,000. 81.91% of the stock is owned by hedge funds and other institutional investors.

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.