Sportradar Group (NASDAQ:SRAD) CAO Sells $44,905.00 in Stock

Sportradar Group AG (NASDAQ:SRAD) CAO James Scott Ritter sold 3,500 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $12.83, for a total value of $44,905.00. Following the transaction, the chief accounting officer directly owned 37,113 shares in the company, valued at approximately $476,159.79. This represents a 8.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Sportradar Group Stock Down 2.3%

Shares of SRAD opened at $12.91 on Friday. The firm has a market cap of $3.87 billion, a P/E ratio of 165.25 and a beta of 1.66. The stock has a 50 day simple moving average of $12.63 and a two-hundred day simple moving average of $14.74. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.80 and a quick ratio of 0.80. Sportradar Group AG has a 1 year low of $11.39 and a 1 year high of $24.17.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $410.62 million for the quarter, compared to analysts’ expectations of $405.74 million. Sportradar Group had a return on equity of 2.57% and a net margin of 1.47%. The company’s revenue was up 24.1% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. On average, analysts forecast that Sportradar Group AG will post 0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Stifel Nicolaus lowered their price target on shares of Sportradar Group from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Monday, October 26th. Morgan Stanley reduced their price objective on Sportradar Group from $15.00 to $13.50 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. Truist Financial lifted their price objective on Sportradar Group from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. Benchmark restated a “buy” rating on shares of Sportradar Group in a report on Friday, August 28th. Finally, JPMorgan Chase & Co. reduced their price target on Sportradar Group from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.97.

Institutional Investors Weigh In On Sportradar Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC grew its holdings in Sportradar Group by 4.1% in the 3rd quarter. Stephens Investment Management Group LLC now owns 4,181,709 shares of the company’s stock worth $48,341,000 after acquiring an additional 166,053 shares during the last quarter. Spruce House Investment Management LLC bought a new position in shares of Sportradar Group during the first quarter valued at about $46,035,000. The Manufacturers Life Insurance Company raised its stake in shares of Sportradar Group by 963.6% during the first quarter. The Manufacturers Life Insurance Company now owns 2,463,421 shares of the company’s stock valued at $41,238,000 after acquiring an additional 2,231,810 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Sportradar Group during the second quarter worth about $32,811,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Sportradar Group by 34.8% during the first quarter. Principal Financial Group Inc. now owns 1,826,209 shares of the company’s stock worth $30,571,000 after purchasing an additional 471,309 shares during the period.

About Sportradar Group

Sportradar Group AG is a sports technology company that provides data, content and related services to sports leagues, media companies and sports betting operators. Its offerings include live and historical sports data, odds and betting solutions, audiovisual content, and tools designed to support fan engagement and digital experiences. The company also provides services to help sports organizations monitor competitions and identify potential integrity issues, including through its sports integrity and anti-fraud solutions.