Short Interest in Genius Sports Limited (NYSE:GENI) Increases By 7.7%

Genius Sports Limited (NYSE:GENI - Get Free Report) was the recipient of 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 company's stock are sold short. Based on an average trading volume of 2,740,000 shares, the days-to-cover ratio is currently 9.7 days.

Wall Street Analysts Forecast Growth

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

Genius Sports Trading Down 0.6 %

NYSE:GENI traded down $0.05 during mid-day trading on Tuesday, hitting $9.28. 1,115,136 shares of the company's stock were exchanged, compared to its average volume of 2,414,628. The company has a 50 day simple moving average of $8.43 and a 200-day simple moving average of $7.25. Genius Sports has a fifty-two week low of $4.91 and a fifty-two week high of $10.33. The firm has a market capitalization of $2.13 billion, a P/E ratio of -28.98 and a beta of 2.12.

Genius Sports (NYSE:GENI - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.06. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. The company had revenue of $120.20 million for the quarter, compared to analyst estimates of $118.94 million. During the same period in the prior year, the firm posted ($0.06) EPS. The company's quarterly revenue was up 18.2% on a year-over-year basis. As a group, analysts expect that Genius Sports will post -0.16 earnings per share for the current year.

Institutional Trading of Genius Sports

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC acquired a new position in shares of Genius Sports during the third quarter valued at about $371,000. Sanctuary Advisors LLC bought a new position in Genius Sports in the 3rd quarter valued at about $221,000. M&T Bank Corp boosted its stake in Genius Sports by 54.8% during the 3rd quarter. M&T Bank Corp now owns 136,536 shares of the company's stock valued at $1,070,000 after purchasing an additional 48,306 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Genius Sports during the 3rd quarter worth approximately $299,000. Finally, Main Management ETF Advisors LLC purchased a new stake in shares of Genius Sports in the third quarter worth approximately $1,010,000. 81.91% of the stock is owned by institutional investors.

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.