Genius Sports (NYSE:GENI) Downgraded to Strong Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Genius Sports (NYSE:GENI) from a sell rating to a strong sell rating in a research note published on Sunday.

A number of other equities research analysts also recently commented on GENI. Wells Fargo & Company reduced their price objective on shares of Genius Sports from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Northland Securities set a $12.00 price target on shares of Genius Sports in a research report on Friday, February 6th. BTIG Research reduced their price target on shares of Genius Sports from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday. Needham & Company LLC reduced their price target on shares of Genius Sports from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Friday. Finally, Roth Mkm set a $10.00 price target on shares of Genius Sports in a research report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Genius Sports has a consensus rating of “Moderate Buy” and a consensus price target of $11.78.

Genius Sports Stock Down 0.1%

Shares of NYSE:GENI opened at $4.39 on Friday. The company has a market cap of $1.08 billion, a P/E ratio of -7.20 and a beta of 1.80. Genius Sports has a 52 week low of $3.83 and a 52 week high of $13.73. The company has a 50-day moving average price of $4.83 and a 200 day moving average price of $8.00.

Genius Sports (NYSE:GENI) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.12). The firm had revenue of $187.95 million during the quarter, compared to analyst estimates of $170.60 million. Genius Sports had a negative net margin of 22.26% and a negative return on equity of 20.34%. Genius Sports’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.03) EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GENI. Parallel Advisors LLC purchased a new position in shares of Genius Sports during the 1st quarter worth approximately $25,000. Baer Investment Advisory LLC purchased a new position in shares of Genius Sports during the 1st quarter worth approximately $61,000. UMB Bank n.a. purchased a new position in shares of Genius Sports during the 4th quarter worth approximately $63,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Genius Sports during the 3rd quarter worth approximately $65,000. Finally, Strs Ohio increased its stake in shares of Genius Sports by 178.9% during the 3rd quarter. Strs Ohio now owns 5,300 shares of the company’s stock worth $66,000 after purchasing an additional 3,400 shares in the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Genius Sports

Here are the key news stories impacting Genius Sports this week:

• Positive Sentiment: Several analysts still see significant upside in Genius Sports, even after trimming price targets: Citi cut its target to $8, BTIG to $9, and Needham to $10, all while maintaining buy ratings. That suggests analysts still view the recent selloff as overdone relative to the company’s long-term potential.
• Positive Sentiment: Genius Sports raised its outlook and highlighted growth tied to prediction markets, which could become an additional revenue tailwind if that trend continues. Genius Sports Touts Prediction Market Growth, Raises Outlook
• Positive Sentiment: Investor interest is also being supported by bullish coverage framing Genius Sports as a beneficiary of the broader prediction-market boom, reinforcing the stock’s longer-term growth narrative. Kalshi vs. Polymarket? This Small-Cap Sports Data Stock Is the Surefire Winner Either Way.
• Neutral Sentiment: The company reported first-quarter revenue of $187.95 million, above expectations and up 30.5% year over year, but earnings missed estimates at a loss of $0.21 per share versus the expected $0.09 loss. The revenue beat is constructive, but the earnings miss likely kept sentiment mixed. Genius Sports quarterly earnings report

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.