Genius Sports (NYSE:GENI) CEO Sells 477,449 Shares of Stock

Genius Sports Limited (NYSE:GENI) CEO Mark Locke sold 477,449 shares of Genius Sports stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $6.58, for a total value of $3,141,614.42. Following the sale, the chief executive officer directly owned 19,697,767 shares of the company’s stock, valued at approximately $129,611,306.86. This represents a 2.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Mark Locke also recently made the following trade(s):

• On Thursday, September 17th, Mark Locke sold 50,000 shares of Genius Sports stock. The shares were sold at an average price of $6.54, for a total value of $327,000.00.
• On Wednesday, September 16th, Mark Locke sold 272,551 shares of Genius Sports stock. The shares were sold at an average price of $6.56, for a total value of $1,787,934.56.

Genius Sports Stock Performance

Shares of NYSE:GENI traded down $0.14 during trading on Thursday, hitting $6.48. The stock had a trading volume of 7,189,063 shares, compared to its average volume of 4,524,462. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.10. Genius Sports Limited has a 12-month low of $3.83 and a 12-month high of $13.69. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -9.54 and a beta of 1.88. The stock has a 50-day simple moving average of $7.25 and a two-hundred day simple moving average of $5.97.

Genius Sports (NYSE:GENI) last issued its earnings results on Friday, August 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.21). Genius Sports had a negative net margin of 22.99% and a negative return on equity of 23.83%. The firm had revenue of $195.50 million during the quarter, compared to analysts’ expectations of $184.43 million. During the same quarter in the prior year, the company earned ($0.21) EPS. Genius Sports’s quarterly revenue was up 64.7% on a year-over-year basis. On average, equities research analysts expect that Genius Sports Limited will post -0.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on GENI. BTIG Research upped their price objective on shares of Genius Sports from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Citigroup reissued a “market outperform” rating on shares of Genius Sports in a report on Tuesday, September 8th. Roth Capital restated a “buy” rating and set a $12.00 target price on shares of Genius Sports in a research report on Friday, August 7th. Zacks Research lowered shares of Genius Sports from a “hold” rating to a “strong sell” rating in a report on Monday, August 10th. Finally, Stifel Nicolaus increased their price target on Genius Sports from $5.00 to $7.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.44.

Institutional Trading of Genius Sports

A number of hedge funds and other institutional investors have recently made changes to their positions in GENI. WINTON GROUP Ltd acquired a new position in Genius Sports in the second quarter valued at about $1,120,000. Corient Private Wealth LP acquired a new position in Genius Sports during the 2nd quarter worth $83,000. Odyssean LLC increased its holdings in Genius Sports by 61.3% during the 2nd quarter. Odyssean LLC now owns 230,581 shares of the company’s stock worth $1,397,000 after purchasing an additional 87,604 shares during the period. Round Rock Advisors LLC purchased a new stake in Genius Sports during the 2nd quarter worth about $595,000. Finally, Ancora Advisors LLC raised its position in Genius Sports by 201.3% in the 2nd quarter. Ancora Advisors LLC now owns 370,631 shares of the company’s stock valued at $2,246,000 after purchasing an additional 247,610 shares in the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Genius Sports Company Profile

Genius Sports Limited (NYSE:GENI) is a sports technology and data company that provides official sports data, technology, and digital services to sports leagues, federations, teams, broadcasters, sportsbooks, and brands. Its platforms help clients collect, manage, distribute, and commercialize live sports information across digital channels.

The company’s offerings include live scores and statistics, data feeds for sports betting, fan-engagement tools, video streaming and content services, and advertising and sponsorship technology.