Genius Sports (NYSE:GENI) Sets New 52-Week Low – What’s Next?

Shares of Genius Sports Limited (NYSE:GENI) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.70 and last traded at $5.9850, with a volume of 521218 shares trading hands. The stock had previously closed at $5.79.

Analyst Upgrades and Downgrades

GENI has been the subject of a number of analyst reports. Zacks Research upgraded Genius Sports from a “strong sell” rating to a “hold” rating in a report on Thursday, December 4th. UBS Group set a $6.00 target price on shares of Genius Sports in a research report on Wednesday. Stifel Nicolaus decreased their target price on shares of Genius Sports from $10.00 to $7.00 and set a “hold” rating for the company in a research note on Thursday. Citizens Jmp raised their price target on shares of Genius Sports from $15.00 to $17.00 and gave the company a “market outperform” rating in a report on Thursday, December 4th. Finally, Wells Fargo & Company cut their price objective on shares of Genius Sports from $16.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, February 9th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $13.48.

Genius Sports Price Performance

The company has a fifty day moving average of $9.20 and a two-hundred day moving average of $10.83. The stock has a market capitalization of $1.32 billion, a P/E ratio of -13.03 and a beta of 1.85.

Institutional Trading of Genius Sports

Institutional investors and hedge funds have recently made changes to their positions in the stock. Uniplan Investment Counsel Inc. increased its position in Genius Sports by 31.7% in the fourth quarter. Uniplan Investment Counsel Inc. now owns 178,100 shares of the company’s stock worth $1,963,000 after buying an additional 42,895 shares during the period. Numerai GP LLC boosted its holdings in shares of Genius Sports by 31.6% during the fourth quarter. Numerai GP LLC now owns 61,605 shares of the company’s stock valued at $679,000 after acquiring an additional 14,798 shares during the period. Occudo Quantitative Strategies LP grew its position in shares of Genius Sports by 70.5% during the fourth quarter. Occudo Quantitative Strategies LP now owns 135,621 shares of the company’s stock worth $1,495,000 after acquiring an additional 56,070 shares during the last quarter. Odyssean LLC acquired a new stake in shares of Genius Sports in the fourth quarter valued at approximately $770,000. Finally, Ophir Asset Management Pty Ltd raised its holdings in shares of Genius Sports by 28.9% during the fourth quarter. Ophir Asset Management Pty Ltd now owns 3,771,695 shares of the company’s stock valued at $41,564,000 after buying an additional 844,661 shares during the last quarter. 81.91% of the stock is currently owned by institutional investors and hedge funds.

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.