Stephens Investment Management Group LLC Purchases New Position in Sportradar Group AG $SRAD

Stephens Investment Management Group LLC purchased a new stake in shares of Sportradar Group AG (NASDAQ:SRADFree Report) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 2,214,678 shares of the company’s stock, valued at approximately $52,643,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Navellier & Associates Inc. increased its holdings in Sportradar Group by 5.5% during the 4th quarter. Navellier & Associates Inc. now owns 73,245 shares of the company’s stock worth $1,741,000 after acquiring an additional 3,839 shares during the period. Wealth High Governance Capital Ltda increased its holdings in Sportradar Group by 144.1% during the 4th quarter. Wealth High Governance Capital Ltda now owns 366,157 shares of the company’s stock worth $8,704,000 after acquiring an additional 216,159 shares during the period. Kestra Private Wealth Services LLC increased its holdings in Sportradar Group by 99.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 17,007 shares of the company’s stock worth $404,000 after acquiring an additional 8,480 shares during the period. UBS Group AG increased its holdings in Sportradar Group by 107.1% during the 4th quarter. UBS Group AG now owns 2,394,126 shares of the company’s stock worth $56,908,000 after acquiring an additional 1,238,054 shares during the period. Finally, Asset Management One Co. Ltd. bought a new stake in Sportradar Group during the 4th quarter worth approximately $2,941,000.

Analysts Set New Price Targets

A number of analysts recently weighed in on SRAD shares. Benchmark decreased their target price on shares of Sportradar Group from $23.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Needham & Company LLC decreased their target price on shares of Sportradar Group from $27.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Guggenheim decreased their target price on shares of Sportradar Group from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Wells Fargo & Company decreased their target price on shares of Sportradar Group from $24.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Finally, Citigroup decreased their target price on shares of Sportradar Group from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.94.

Check Out Our Latest Stock Report on SRAD

Insider Transactions at Sportradar Group

In related news, Director William Kurtz purchased 8,000 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average price of $12.97 per share, with a total value of $103,760.00. Following the acquisition, the director directly owned 30,179 shares of the company’s stock, valued at approximately $391,421.63. This represents a 36.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rajani Ramanathan purchased 8,003 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was bought at an average cost of $12.49 per share, for a total transaction of $99,957.47. Following the acquisition, the director directly owned 38,947 shares in the company, valued at approximately $486,448.03. The trade was a 25.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have purchased 357,893 shares of company stock worth $4,668,220. Company insiders own 85.02% of the company’s stock.

Sportradar Group Price Performance

Shares of NASDAQ:SRAD opened at $12.49 on Friday. The company’s fifty day moving average price is $16.19 and its 200-day moving average price is $19.33. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 52.04 and a beta of 1.65. Sportradar Group AG has a one year low of $11.66 and a one year high of $32.22. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.06 and a quick ratio of 1.06.

Sportradar Group (NASDAQ:SRADGet Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). The company had revenue of $401.11 million during the quarter, compared to the consensus estimate of $417.86 million. Sportradar Group had a return on equity of 7.28% and a net margin of 5.20%.Sportradar Group’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 EPS. On average, equities research analysts anticipate that Sportradar Group AG will post 0.4 earnings per share for the current fiscal year.

About Sportradar Group

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sportradar Group (NASDAQ:SRAD)

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