Genius Sports (NYSE:GENI) Hits New 1-Year Low – Time to Sell?

Genius Sports Limited (NYSE:GENI)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.68 and last traded at $5.9240, with a volume of 392731 shares changing hands. The stock had previously closed at $5.73.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on GENI shares. Citigroup reiterated an “outperform” rating on shares of Genius Sports in a report on Monday, February 9th. UBS Group set a $6.00 price objective on shares of Genius Sports in a research note on Wednesday, February 18th. Zacks Research upgraded shares of Genius Sports from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 4th. Truist Financial set a $15.00 price target on Genius Sports in a research report on Monday, February 2nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Genius Sports in a research report on Monday, December 29th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.48.

Genius Sports Stock Up 3.2%

The stock has a market capitalization of $1.27 billion, a PE ratio of -12.58 and a beta of 1.85. The firm has a 50 day moving average price of $9.10 and a 200-day moving average price of $10.77.

Hedge Funds Weigh In On Genius Sports

Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada grew its holdings in Genius Sports by 17.6% during the first 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. CWM LLC grew its stake in shares of Genius Sports by 275.5% during the 2nd quarter. CWM LLC now owns 3,980 shares of the company’s stock worth $41,000 after purchasing an additional 2,920 shares during the period. Leavell Investment Management Inc. increased its holdings in shares of Genius Sports by 41.3% during the 2nd quarter. Leavell Investment Management Inc. now owns 30,548 shares of the company’s stock valued at $318,000 after purchasing an additional 8,923 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Genius Sports by 40.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 68,875 shares of the company’s stock valued at $716,000 after purchasing an additional 19,971 shares during the period. Finally, Emerald Advisers LLC boosted its holdings in Genius Sports by 72.3% during the second quarter. Emerald Advisers LLC now owns 51,628 shares of the company’s stock worth $537,000 after buying an additional 21,659 shares in the last quarter. 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.