Genius Sports Limited (NYSE:GENI) Sees Large Decrease in Short Interest

Market Beat
2025.06.01 20:34
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Genius Sports Limited (NYSE:GENI) experienced a significant decrease in short interest, dropping 39% to 19,140,000 shares as of May 15. Approximately 8.9% of its shares are short sold, with a short-interest ratio of 4.5 days. The stock is currently down 1.5% at $9.60, with a market cap of $2.07 billion. The company reported a quarterly revenue increase of 20.3% year-over-year and initiated a $100 million stock repurchase plan. Analysts maintain a "Moderate Buy" consensus rating with a target price of $12.19.

Genius Sports Limited (NYSE:GENI - Get Free Report) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 19,140,000 shares, a decrease of 39.0% from the April 30th total of 31,360,000 shares. Based on an average daily trading volume, of 4,270,000 shares, the short-interest ratio is presently 4.5 days. Approximately 8.9% of the company's shares are sold short.

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Institutional Trading of Genius Sports

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A number of institutional investors and hedge funds have recently made changes to their positions in GENI. Quarry LP acquired a new position in Genius Sports during the 1st quarter worth $37,000. Pacer Advisors Inc. increased its stake in shares of Genius Sports by 61.5% in the first quarter. Pacer Advisors Inc. now owns 3,754 shares of the company's stock worth $38,000 after purchasing an additional 1,430 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Genius Sports during the 4th quarter worth about $58,000. Steward Partners Investment Advisory LLC boosted its stake in Genius Sports by 39.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,182 shares of the company's stock valued at $105,000 after purchasing an additional 3,429 shares during the period. Finally, Park National Corp OH bought a new stake in Genius Sports during the 1st quarter valued at approximately $107,000. Institutional investors and hedge funds own 81.91% of the company's stock.

Genius Sports Stock Down 1.5%

NYSE GENI traded down $0.15 on Friday, hitting $9.60. The stock had a trading volume of 4,775,850 shares, compared to its average volume of 2,977,980. Genius Sports has a one year low of $5.03 and a one year high of $11.40. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of -30.00 and a beta of 1.96. The company's 50-day moving average is $10.08 and its two-hundred day moving average is $9.51.

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Genius Sports (NYSE:GENI - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. The firm had revenue of $143.99 million during the quarter, compared to analysts' expectations of $143.31 million. Genius Sports had a negative net margin of 15.84% and a negative return on equity of 14.11%. Genius Sports's quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.11) EPS. On average, sell-side analysts anticipate that Genius Sports will post -0.1 earnings per share for the current year.

Genius Sports announced that its board has initiated a stock repurchase plan on Tuesday, May 6th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 4.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

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Several brokerages recently issued reports on GENI. Needham & Company LLC restated a "buy" rating and set a $13.00 target price on shares of Genius Sports in a research report on Tuesday, May 6th. Craig Hallum set a $15.00 target price on shares of Genius Sports in a report on Tuesday, March 4th. B. Riley restated a "buy" rating on shares of Genius Sports in a research note on Wednesday, May 7th. Lake Street Capital lifted their price objective on shares of Genius Sports from $10.50 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group boosted their target price on shares of Genius Sports from $11.00 to $12.50 and gave the company a "buy" rating in a research report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.19.

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About Genius Sports

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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.

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