Genius Sports (NYSE:GENI) CEO Mark Locke Sells 272,551 Shares

Genius Sports Limited (NYSE:GENI) CEO Mark Locke sold 272,551 shares of Genius Sports stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $6.56, for a total transaction of $1,787,934.56. Following the completion of the transaction, the chief executive officer directly owned 19,425,216 shares in the company, valued at approximately $127,429,416.96. The trade was a 1.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 transaction of $327,000.00.
• On Tuesday, September 15th, Mark Locke sold 477,449 shares of Genius Sports stock. The shares were sold at an average price of $6.58, for a total transaction of $3,141,614.42.

Genius Sports Price Performance

Shares of Genius Sports stock opened at $6.48 on Friday. The firm has a market cap of $1.60 billion, a PE ratio of -9.54 and a beta of 1.88. Genius Sports Limited has a 12-month low of $3.83 and a 12-month high of $13.69. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.10. The company’s fifty day simple moving average is $7.25 and its two-hundred day simple moving average is $5.97.

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

Genius Sports News Roundup

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

• Positive Sentiment: Genius Sports launched Prediction.com, a platform designed to compare prediction-market probabilities, event contracts and related insights. The initiative could broaden the company’s sports-data and wagering ecosystem and create new monetization opportunities. Genius Sports Launches Prediction.com, The Premium Prediction Market Platform for Comparing Probabilities, Event Contracts and Insights
• Positive Sentiment: CEO Mark Locke said Genius Sports expects to benefit regardless of how Americans participate in wagering, reinforcing the company’s strategic focus on prediction markets amid growing consumer interest. Genius Sports CEO: We Get Paid However Americans Wager
• Neutral Sentiment: The company is also expanding its media and content profile through a new basketball insights series featuring Chris Paul. The deal may improve audience engagement, although its direct financial impact was not disclosed. Chris Paul to share basketball insights in new content series co-produced with Words + Pictures, Genius Sports
• Neutral Sentiment: Options-market activity has attracted attention, but the report does not establish whether traders expect a sustained rally or decline. Do Options Traders Know Something About Genius Sports Stock We Don’t?
• Negative Sentiment: CEO Mark Locke sold a combined 800,000 shares from September 15–17 for approximately $5.26 million. The sales reduced his direct holdings by roughly 4%, potentially signaling caution and adding selling pressure. He still owns about 19.38 million shares. SEC insider ownership filing
• Negative Sentiment: Prediction markets face ongoing legal and regulatory challenges, creating uncertainty around the timing, availability and commercial potential of Genius Sports’ new platform. Genius Sports CEO on Future of Prediction Markets in Face of Legal Challenges

Analyst Upgrades and Downgrades

GENI has been the subject of several research analyst reports. Needham & Company LLC increased their price objective on Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Wall Street Zen cut Genius Sports from a “sell” rating to a “strong sell” rating in a research note on Sunday, September 13th. Stifel Nicolaus upped their target price on Genius Sports from $5.00 to $7.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Guggenheim raised their price target on Genius Sports from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Freedom Capital raised Genius Sports to a “strong-buy” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.44.

Institutional Inflows and Outflows

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

About Genius Sports

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.