Sportradar Group AG (NASDAQ:SRAD – Get Free Report) insider Michael Miller sold 1,840 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $12.10, for a total transaction of $22,264.00. Following the sale, the insider directly owned 65,356 shares in the company, valued at approximately $790,807.60. The trade was a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sportradar Group Price Performance
NASDAQ:SRAD opened at $11.91 on Friday. 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 $11.39 and a 52 week high of $27.85. The stock’s 50-day moving average price is $12.70 and its 200-day moving average price is $13.97. The stock has a market capitalization of $3.57 billion, a PE ratio of 198.53 and a beta of 1.59.
Sportradar Group (NASDAQ:SRAD – Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The company reported ($0.01) earnings per share 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%. As a group, equities analysts expect that Sportradar Group AG will post 0.25 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of SRAD. Jericho Capital Asset Management L.P. purchased a new position in Sportradar Group in the 4th quarter valued at about $75,117,000. Stephens Investment Management Group LLC boosted its holdings in Sportradar Group by 40.7% in the 1st quarter. Stephens Investment Management Group LLC now owns 3,116,297 shares of the company’s stock worth $52,167,000 after buying an additional 901,619 shares during the last quarter. Spruce House Investment Management LLC purchased a new stake in Sportradar Group during the 1st quarter worth approximately $46,035,000. The Manufacturers Life Insurance Company increased its stake in Sportradar Group by 963.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,463,421 shares of the company’s stock worth $41,238,000 after buying an additional 2,231,810 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Sportradar Group during the 2nd quarter worth approximately $32,811,000.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Weiss Ratings cut Sportradar Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Citizens Jmp decreased their target price on Sportradar Group from $24.00 to $20.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 4th. Guggenheim dropped their price target on shares of Sportradar Group from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Needham & Company LLC dropped their price target on shares of Sportradar Group from $23.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Finally, Zacks Research raised shares of Sportradar Group from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $19.19.
Get Our Latest Stock Analysis on SRAD
About Sportradar Group
Sportradar Group AG is a sports technology company that provides data, content and technology solutions to the global sports, media and betting industries. Its services support the collection, analysis and distribution of sports information across a broad range of competitions and sporting events.
The company offers live sports data, statistics, odds services, betting solutions, audiovisual content and digital media products. It also provides tools for sports organizations and media companies, including fan engagement, marketing, sponsorship and data-driven content solutions.
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