Genius Sports Limited (NYSE:GENI) Short Interest Update

Genius Sports Limited (NYSE:GENI) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 26,470,000 shares, an increase of 7.7% from the November 15th total of 24,580,000 shares. Approximately 14.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,740,000 shares, the short-interest ratio is presently 9.7 days.

Genius Sports Stock Performance

Genius Sports stock traded down $0.05 during midday trading on Tuesday, reaching $9.28. The stock had a trading volume of 1,115,136 shares, compared to its average volume of 2,414,628. The stock has a market capitalization of $2.13 billion, a PE ratio of -28.94 and a beta of 2.12. The stock’s 50-day simple moving average is $8.39 and its 200 day simple moving average is $7.22. Genius Sports has a twelve month low of $4.91 and a twelve month high of $10.33.

Genius Sports (NYSE:GENI) last issued its earnings results on Tuesday, November 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. Genius Sports had a negative return on equity of 14.11% and a negative net margin of 15.84%. The business had revenue of $120.20 million during the quarter, compared to analysts’ expectations of $118.94 million. During the same quarter in the previous year, the business earned ($0.06) EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. Equities analysts predict that Genius Sports will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Genius Sports

Hedge funds have recently bought and sold shares of the business. AYAL Capital Advisors Ltd bought a new position in shares of Genius Sports in the second quarter worth $4,635,000. GSA Capital Partners LLP purchased a new position in Genius Sports during the third quarter valued at approximately $532,000. Rice Hall James & Associates LLC acquired a new stake in Genius Sports during the second quarter valued at $5,521,000. Senvest Management LLC lifted its holdings in shares of Genius Sports by 12.2% during the 3rd quarter. Senvest Management LLC now owns 7,546,809 shares of the company’s stock valued at $59,167,000 after buying an additional 819,385 shares during the last quarter. Finally, Millrace Asset Group Inc. bought a new stake in Genius Sports in the third quarter worth approximately $1,897,000. Institutional investors and hedge funds own 81.91% of the company’s stock.

Wall Street Analyst Weigh In

GENI has been the topic of several recent research reports. Citigroup upped their target price on shares of Genius Sports from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. B. Riley upped their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Benchmark increased their price target on Genius Sports from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Macquarie raised their price objective on Genius Sports from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group upped their target price on shares of Genius Sports from $8.50 to $11.50 and gave the company a “buy” rating in a research report on Thursday, November 14th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $10.72.

About Genius Sports

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.