Genius Sports Sees Unusually Large Options Volume (NYSE:GENI)

Genius Sports Limited (NYSE:GENI) was the recipient of unusually large options trading on Thursday. Traders purchased 11,607 call options on the company. This represents an increase of 370% compared to the average volume of 2,470 call options.

Genius Sports Stock Down 1.7 %

NYSE GENI traded down $0.15 on Thursday, reaching $8.63. The company had a trading volume of 338,608 shares, compared to its average volume of 2,295,878. The company’s fifty day moving average is $8.97 and its 200 day moving average is $8.37. Genius Sports has a 52-week low of $4.91 and a 52-week high of $10.33. The stock has a market capitalization of $1.86 billion, a P/E ratio of -27.03 and a beta of 2.15.

Institutional Trading of Genius Sports

Several institutional investors and hedge funds have recently made changes to their positions in the company. D.A. Davidson & CO. grew its position in Genius Sports by 2.7% in the 4th quarter. D.A. Davidson & CO. now owns 53,608 shares of the company’s stock worth $464,000 after purchasing an additional 1,396 shares in the last quarter. ProShare Advisors LLC boosted its position in Genius Sports by 19.4% in the fourth quarter. ProShare Advisors LLC now owns 17,132 shares of the company’s stock worth $148,000 after purchasing an additional 2,787 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Genius Sports by 39.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company’s stock worth $105,000 after buying an additional 3,429 shares during the last quarter. State of Wyoming grew its position in Genius Sports by 8.3% during the fourth quarter. State of Wyoming now owns 45,630 shares of the company’s stock valued at $395,000 after buying an additional 3,495 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Genius Sports by 27.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 16,582 shares of the company’s stock worth $143,000 after buying an additional 3,548 shares during the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GENI. JMP Securities reiterated a “market outperform” rating and set a $11.00 target price on shares of Genius Sports in a research report on Monday, January 27th. Macquarie upped their price objective on shares of Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. The Goldman Sachs Group increased their price objective on shares of Genius Sports from $8.50 to $11.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Oppenheimer boosted their target price on Genius Sports from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Benchmark raised their price objective on Genius Sports from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.69.

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.