799,217 Shares in Sportradar Group AG $SRAD Acquired by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC purchased a new stake in Sportradar Group AG (NASDAQ:SRAD) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 799,217 shares of the company’s stock, valued at approximately $21,499,000. Sportradar Group comprises approximately 1.2% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 24th largest holding. Rice Hall James & Associates LLC owned approximately 0.27% of Sportradar Group as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC boosted its stake in shares of Sportradar Group by 2,137.8% in the 2nd quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock valued at $28,000 after purchasing an additional 962 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in shares of Sportradar Group by 3,058.0% during the second quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company’s stock worth $44,000 after buying an additional 1,529 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Sportradar Group by 10,125.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock valued at $46,000 after acquiring an additional 1,620 shares during the last quarter. Loomis Sayles & Co. L P grew its position in Sportradar Group by 29.4% during the 2nd quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock worth $99,000 after acquiring an additional 801 shares during the last quarter. Finally, Huntington National Bank raised its position in Sportradar Group by 33.1% in the second quarter. Huntington National Bank now owns 3,946 shares of the company’s stock valued at $111,000 after purchasing an additional 982 shares during the last quarter.

Sportradar Group Stock Performance

Shares of Sportradar Group stock opened at $23.10 on Friday. The business has a 50-day moving average price of $23.50 and a two-hundred day moving average price of $26.78. Sportradar Group AG has a 1-year low of $16.85 and a 1-year high of $32.22. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.05. The company has a market cap of $6.92 billion, a P/E ratio of 72.19 and a beta of 2.02.

Sportradar Group (NASDAQ:SRAD) last announced its earnings results on Wednesday, November 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $342.71 million for the quarter, compared to the consensus estimate of $295.04 million. Sportradar Group had a net margin of 7.84% and a return on equity of 9.97%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 EPS. As a group, analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. UBS Group lowered their price objective on Sportradar Group from $39.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Roth Capital began coverage on shares of Sportradar Group in a research report on Friday, September 12th. They issued a “buy” rating and a $40.00 price target for the company. JPMorgan Chase & Co. raised their price target on shares of Sportradar Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a research note on Monday. Finally, Wells Fargo & Company assumed coverage on Sportradar Group in a report on Tuesday, November 18th. They issued an “overweight” rating and a $30.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.56.

Sportradar Group Profile

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.