Moody National Bank Trust Division Reduces Stock Position in Sportradar Group AG $SRAD

Moody National Bank Trust Division lessened its holdings in Sportradar Group AG (NASDAQ:SRAD) by 30.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 82,306 shares of the company’s stock after selling 35,750 shares during the period. Moody National Bank Trust Division’s holdings in Sportradar Group were worth $1,956,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SRAD. JPMorgan Chase & Co. boosted its stake in shares of Sportradar Group by 71.7% during the third quarter. JPMorgan Chase & Co. now owns 1,174,810 shares of the company’s stock valued at $31,602,000 after purchasing an additional 490,755 shares during the period. Captrust Financial Advisors increased its stake in Sportradar Group by 137.4% in the 3rd quarter. Captrust Financial Advisors now owns 559,234 shares of the company’s stock worth $15,043,000 after buying an additional 323,655 shares during the period. Williamson Legacy Group LLC lifted its holdings in Sportradar Group by 11.2% during the 3rd quarter. Williamson Legacy Group LLC now owns 51,513 shares of the company’s stock valued at $1,386,000 after buying an additional 5,200 shares in the last quarter. XTX Topco Ltd bought a new stake in Sportradar Group during the 3rd quarter valued at about $1,380,000. Finally, Virtus Advisers LLC bought a new stake in shares of Sportradar Group in the third quarter valued at about $194,000.

Sportradar Group Stock Down 1.2%

NASDAQ:SRAD opened at $19.30 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.36 and a debt-to-equity ratio of 0.05. Sportradar Group AG has a twelve month low of $15.73 and a twelve month high of $32.22. The company has a market cap of $5.78 billion, a PE ratio of 58.49 and a beta of 2.00. The company’s 50 day moving average is $18.21 and its two-hundred day moving average is $22.51.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.09). The company had revenue of $432.81 million for the quarter, compared to analyst estimates of $369.59 million. Sportradar Group had a return on equity of 10.32% and a net margin of 7.73%.The company’s quarterly revenue was up 20.2% compared to the same quarter last year. Analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. UBS Group dropped their target price on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Benchmark reaffirmed a “buy” rating on shares of Sportradar Group in a research report on Wednesday, January 21st. Stifel Nicolaus started coverage on shares of Sportradar Group in a report on Thursday, January 22nd. They set a “buy” rating and a $28.00 price objective on the stock. BTIG Research lowered their target price on Sportradar Group from $32.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, March 4th. Finally, Needham & Company LLC cut their price target on Sportradar Group from $34.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.33.

Sportradar Group Company 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.