Genius Sports Limited (NYSE:GENI) Short Interest Down 39.0% in December

Genius Sports Limited (NYSE:GENI) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 14,702,536 shares, a decline of 39.0% from the December 15th total of 24,118,044 shares. Based on an average daily volume of 3,088,090 shares, the short-interest ratio is presently 4.8 days. Approximately 8.2% of the shares of the stock are sold short. Approximately 8.2% of the shares of the stock are sold short. Based on an average daily volume of 3,088,090 shares, the short-interest ratio is presently 4.8 days.

Institutional Investors Weigh In On Genius Sports

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC boosted its position in Genius Sports by 275.5% in the 2nd quarter. CWM LLC now owns 3,980 shares of the company’s stock valued at $41,000 after buying an additional 2,920 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Genius Sports during the third quarter worth approximately $65,000. Strs Ohio increased its stake in shares of Genius Sports by 178.9% in the third quarter. Strs Ohio now owns 5,300 shares of the company’s stock worth $66,000 after buying an additional 3,400 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Genius Sports in the second quarter valued at $75,000. Finally, Amalgamated Bank bought a new position in Genius Sports during the 2nd quarter valued at $79,000. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Genius Sports Trading Down 4.2%

NYSE:GENI traded down $0.43 during mid-day trading on Friday, hitting $9.88. The company had a trading volume of 4,585,960 shares, compared to its average volume of 3,421,011. The business has a fifty day simple moving average of $10.37 and a 200-day simple moving average of $11.36. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of -21.02 and a beta of 1.81. Genius Sports has a 1 year low of $8.15 and a 1 year high of $13.73.

Genius Sports (NYSE:GENI) last posted its earnings results on Tuesday, November 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). The company had revenue of $166.28 million during the quarter, compared to analyst estimates of $156.24 million. Genius Sports had a negative net margin of 19.71% and a negative return on equity of 14.39%. As a group, research analysts anticipate that Genius Sports will post -0.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on GENI shares. Needham & Company LLC reissued a “buy” rating and set a $16.00 price target on shares of Genius Sports in a research note on Thursday, December 4th. Benchmark restated a “buy” rating and issued a $16.00 price target on shares of Genius Sports in a report on Tuesday, December 30th. The Goldman Sachs Group increased their price objective on shares of Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. BTIG Research raised their target price on shares of Genius Sports from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Finally, Macquarie reaffirmed an “outperform” rating and set a $15.00 price target on shares of Genius Sports in a research report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Genius Sports currently has an average rating of “Moderate Buy” and an average price target of $15.20.

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.