Headlands Technologies LLC Makes New $1.70 Million Investment in Sportradar Group AG $SRAD

Headlands Technologies LLC acquired a new stake in shares of Sportradar Group AG (NASDAQ:SRAD) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 113,813 shares of the company’s stock, valued at approximately $1,704,000.

Several other hedge funds have also recently modified their holdings of SRAD. Caitong International Asset Management Co. Ltd raised its stake in Sportradar Group by 93.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock valued at $31,000 after purchasing an additional 620 shares in the last quarter. Empowered Funds LLC bought a new position in Sportradar Group in the 4th quarter worth about $31,000. Itau Unibanco Holding S.A. bought a new position in shares of Sportradar Group during the 4th quarter worth $45,000. Tower Research Capital LLC TRC raised its holdings 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 purchasing an additional 1,620 shares in the last quarter. Finally, CWM LLC lifted its holdings in Sportradar Group by 316.0% during the fourth quarter. CWM LLC now owns 2,475 shares of the company’s stock worth $59,000 after buying an additional 1,880 shares during the period.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Canaccord Genuity Group cut their price target on shares of Sportradar Group from $28.00 to $24.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Citizens Jmp decreased their price objective on shares of Sportradar Group from $24.00 to $20.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 4th. Weiss Ratings upgraded shares of Sportradar Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. BTIG Research cut Sportradar Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 4th. Finally, Stifel Nicolaus dropped their target price on Sportradar Group from $21.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $20.31.

Sportradar Group Stock Performance

Shares of SRAD opened at $12.43 on Tuesday. The firm has a market capitalization of $3.72 billion, a PE ratio of 207.20 and a beta of 1.61. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.06. Sportradar Group AG has a 52-week low of $11.55 and a 52-week high of $31.65. The firm has a 50-day moving average price of $14.13 and a 200 day moving average price of $15.28.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings results on Tuesday, June 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $431.19 million during the quarter. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%. On average, sell-side analysts anticipate that Sportradar Group AG will post 0.25 earnings per share for the current fiscal year.

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.