TD Asset Management Inc Increases Position in Sportradar Group AG $SRAD

TD Asset Management Inc boosted its holdings in shares of Sportradar Group AG (NASDAQ:SRADFree Report) by 26.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 687,908 shares of the company’s stock after acquiring an additional 145,814 shares during the period. TD Asset Management Inc’s holdings in Sportradar Group were worth $16,352,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SRAD. Tower Research Capital LLC TRC grew its stake in Sportradar Group by 10,125.0% during 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 in the last quarter. CWM LLC grew its stake in Sportradar Group by 316.0% during the 4th quarter. CWM LLC now owns 2,475 shares of the company’s stock valued at $59,000 after acquiring an additional 1,880 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Sportradar Group by 100.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock valued at $71,000 after acquiring an additional 1,500 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Sportradar Group by 436.1% during the 4th quarter. Farther Finance Advisors LLC now owns 3,431 shares of the company’s stock valued at $82,000 after acquiring an additional 2,791 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in Sportradar Group by 788.4% during the 3rd quarter. Bessemer Group Inc. now owns 5,375 shares of the company’s stock valued at $144,000 after acquiring an additional 4,770 shares in the last quarter.

Sportradar Group Stock Up 9.8%

Shares of SRAD opened at $15.26 on Tuesday. The firm has a market cap of $4.57 billion, a P/E ratio of 63.58 and a beta of 1.64. Sportradar Group AG has a 12-month low of $11.66 and a 12-month high of $32.22. The company’s 50-day moving average price is $14.49 and its 200 day moving average price is $18.10. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06.

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

Analyst Ratings Changes

SRAD has been the subject of several research reports. Guggenheim dropped their price objective on shares of Sportradar Group from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Truist Financial dropped their price objective on shares of Sportradar Group from $26.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Citigroup dropped their price target on shares of Sportradar Group from $28.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. The Goldman Sachs Group cut their price target on shares of Sportradar Group from $35.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, March 4th. Finally, UBS Group reduced their price target on shares of Sportradar Group from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Sportradar Group currently has a consensus rating of “Moderate Buy” and an average target price of $24.06.

Read Our Latest Report on Sportradar Group

More Sportradar Group News

Here are the key news stories impacting Sportradar Group this week:

  • Positive Sentiment: Sportradar announced a landmark partnership with Kalshi, giving it a larger role in prediction markets and a potential new growth avenue. Article title
  • Positive Sentiment: Needham raised its price target on Sportradar and reiterated a buy rating, signaling higher upside expectations.
  • Neutral Sentiment: Several law firms issued lead-plaintiff deadline notices and class-action reminders tied to earlier allegations about compliance and alleged ties to illegal gambling operators. Article title

Insider Activity

In related news, Director George Fleet acquired 7,850 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average price of $12.73 per share, with a total value of $99,930.50. Following the transaction, the director owned 160,873 shares of the company’s stock, valued at approximately $2,047,913.29. This trade represents a 5.13% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Marc Walder acquired 66,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average cost of $12.77 per share, with a total value of $842,820.00. Following the transaction, the director directly owned 342,563 shares in the company, valued at $4,374,529.51. This trade represents a 23.86% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 357,893 shares of company stock worth $4,668,220 in the last three months.

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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