Genius Sports (NYSE:GENI) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Shares of Genius Sports Limited (NYSE:GENI) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $6.61 and traded as high as $6.89. Genius Sports shares last traded at $6.79, with a volume of 4,827,042 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Guggenheim lifted their price target on shares of Genius Sports from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Roth Capital restated a “buy” rating and set a $12.00 price objective on shares of Genius Sports in a research report on Friday, August 7th. Benchmark reaffirmed a “buy” rating on shares of Genius Sports in a report on Friday, August 28th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $10.50 price objective on shares of Genius Sports in a report on Friday, August 7th. Finally, Needham & Company LLC lifted their target price on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.25.

Genius Sports Trading Up 4.1%

The company has a 50 day simple moving average of $6.61 and a 200 day simple moving average of $6.26. The company has a market capitalization of $1.67 billion, a PE ratio of -9.99 and a beta of 1.95. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.97 and a current ratio of 0.97.

Genius Sports (NYSE:GENI) last released its earnings results on Friday, August 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate 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%. The business’s revenue was up 64.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.21) EPS. Analysts anticipate that Genius Sports Limited will post -0.35 earnings per share for the current year.

Insider Buying and Selling at Genius Sports

In other Genius Sports news, insider Thomas Russell sold 50,000 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $6.51, for a total value of $325,500.00. Following the transaction, the insider owned 471,467 shares in the company, valued at approximately $3,069,250.17. This trade represents a 9.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark Locke sold 477,449 shares of Genius Sports stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $6.58, for a total transaction of $3,141,614.42. Following the sale, the chief executive officer directly owned 19,697,767 shares in the company, valued at approximately $129,611,306.86. This trade represents a 2.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 850,000 shares of company stock valued at $5,582,049. 16.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Genius Sports

A number of institutional investors and hedge funds have recently bought and sold shares of GENI. Signaturefd LLC grew its stake in Genius Sports by 45.9% during the 3rd quarter. Signaturefd LLC now owns 5,096 shares of the company’s stock valued at $29,000 after acquiring an additional 1,602 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Genius Sports by 15.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,578 shares of the company’s stock valued at $84,000 after acquiring an additional 1,903 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Genius Sports by 24.1% in the 1st quarter. Principal Financial Group Inc. now owns 16,038 shares of the company’s stock valued at $71,000 after acquiring an additional 3,114 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Genius Sports by 29.1% in the 1st quarter. Pacer Advisors Inc. now owns 15,270 shares of the company’s stock valued at $68,000 after acquiring an additional 3,440 shares during the last quarter. Finally, Infrastructure Capital Advisors LLC lifted its stake in Genius Sports by 15.6% in the 1st quarter. Infrastructure Capital Advisors LLC now owns 26,000 shares of the company’s stock worth $115,000 after purchasing an additional 3,500 shares in the last quarter. 81.91% of the stock is currently owned by institutional investors and hedge funds.

Genius Sports Company Profile

Genius Sports Limited (NYSE: GENI) is a sports technology and data company that provides official sports data, technology, and digital media solutions. Its platform helps sports organizations collect, manage, and distribute live game data while supporting fan engagement and commercial activities.

The company supplies real-time data and related products to sportsbooks, media companies, sports leagues, teams, and brands. Its services include live statistics, betting data and trading solutions, streaming and video content, digital marketing, sponsorship activation, and tools designed to connect sports audiences with content and advertising.

Genius Sports serves customers across international sports markets, including North America, Europe, and other regions.