Traders Buy Large Volume of Call Options on Genius Sports (NYSE:GENI)

Genius Sports Limited (NYSE:GENI) was the recipient of unusually large options trading on Friday. Investors acquired 16,462 call options on the company. This is an increase of approximately 1,108% compared to the average volume of 1,363 call options.

Analyst Upgrades and Downgrades

GENI has been the topic of a number of research reports. Benchmark restated a “buy” rating and issued a $10.00 price target on shares of Genius Sports in a report on Tuesday, September 10th. B. Riley increased their target price on Genius Sports from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Needham & Company LLC reiterated a “buy” rating and issued a $9.00 target price on shares of Genius Sports in a research note on Tuesday, August 6th. Citigroup assumed coverage on shares of Genius Sports in a research report on Thursday, June 13th. They set a “buy” rating and a $9.00 price target for the company. Finally, The Goldman Sachs Group increased their target price on Genius Sports from $7.50 to $8.50 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Genius Sports has a consensus rating of “Buy” and a consensus target price of $9.45.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in Genius Sports by 383.6% in the fourth quarter. Wellington Management Group LLP now owns 7,277,462 shares of the company’s stock valued at $44,975,000 after buying an additional 5,772,540 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Genius Sports by 25.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,503,563 shares of the company’s stock worth $48,555,000 after purchasing an additional 1,702,602 shares during the period. Rice Hall James & Associates LLC bought a new position in shares of Genius Sports during the 2nd quarter worth $5,521,000. Wells Fargo & Company MN lifted its stake in shares of Genius Sports by 58.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,079,701 shares of the company’s stock valued at $6,673,000 after buying an additional 399,659 shares in the last quarter. Finally, Ophir Asset Management Pty Ltd bought a new position in shares of Genius Sports in the fourth quarter worth $21,961,000. Institutional investors own 81.91% of the company’s stock.

Genius Sports Trading Down 1.3 %

Shares of GENI stock traded down $0.10 on Friday, hitting $7.77. The stock had a trading volume of 608,354 shares, compared to its average volume of 2,280,732. Genius Sports has a twelve month low of $4.62 and a twelve month high of $8.15. The firm has a market cap of $1.78 billion, a P/E ratio of -20.18 and a beta of 1.96. The company has a fifty day moving average price of $7.00 and a two-hundred day moving average price of $6.02.

Genius Sports (NYSE:GENI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The business had revenue of $95.50 million for the quarter, compared to analyst estimates of $94.15 million. Genius Sports had a negative return on equity of 15.30% and a negative net margin of 21.93%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) earnings per share. On average, analysts expect that Genius Sports will post -0.2 earnings per share for the current year.

Genius Sports Company Profile

Genius Sports Limited engages in the development and sale of technology-led products and services to the sports, sports betting, and sports media industries. It offers technology infrastructure for the collection, integration, and distribution of live data of sports leagues; streaming solutions comprising technology, automatic production, and distribution for sports to commercialize video footage of their games; and end-to-end integrity services to sports leagues, such as full-time active monitoring technology, which uses mathematical algorithms to identify and flag suspicious betting activity in global betting markets, as well as a full suite of online and offline educational and consultancy services.