Sportradar Group AG (NASDAQ:SRAD – Get Free Report) CAO James Scott Ritter sold 3,500 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $12.83, for a total transaction of $44,905.00. Following the completion of the sale, the chief accounting officer directly owned 37,113 shares in the company, valued at $476,159.79. This trade represents a 8.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Sportradar Group Stock Down 1.8%
Shares of NASDAQ:SRAD opened at $13.37 on Wednesday. The firm has a market capitalization of $4.00 billion, a PE ratio of 170.12 and a beta of 1.66. The business has a 50 day simple moving average of $12.62 and a two-hundred day simple moving average of $14.79. Sportradar Group AG has a 1 year low of $11.39 and a 1 year high of $24.17. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.80 and a quick ratio of 0.80.
Sportradar Group (NASDAQ:SRAD – Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $410.62 million for the quarter, compared to the consensus estimate of $405.74 million. Sportradar Group had a return on equity of 2.57% and a net margin of 1.47%. Sportradar Group’s revenue was up 24.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 earnings per share. On average, equities analysts predict that Sportradar Group AG will post 0.21 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research firms have commented on SRAD. JPMorgan Chase & Co. reduced their price objective on Sportradar Group from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, November 4th. Zacks Research raised Sportradar Group from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. Wells Fargo & Company set a $20.00 price objective on Sportradar Group in a report on Tuesday, August 4th. Morgan Stanley lowered their price objective on shares of Sportradar Group from $15.00 to $13.50 and set an “equal weight” rating for the company in a research note on Monday, October 19th. Finally, Freedom Capital upgraded shares of Sportradar Group to a “strong-buy” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Sportradar Group has a consensus rating of “Moderate Buy” and an average target price of $17.97.
Check Out Our Latest Analysis on SRAD
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in SRAD. Spruce House Investment Management LLC purchased a new position in shares of Sportradar Group in the 1st quarter valued at approximately $46,035,000. Ashford Capital Management Inc. increased its stake in Sportradar Group by 35.7% during the 1st quarter. Ashford Capital Management Inc. now owns 719,570 shares of the company’s stock valued at $12,046,000 after purchasing an additional 189,290 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Sportradar Group in the second quarter worth $1,704,000. The Manufacturers Life Insurance Company lifted its stake in shares of Sportradar Group by 963.6% during the first 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 during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Sportradar Group by 34.8% during the first quarter. Principal Financial Group Inc. now owns 1,826,209 shares of the company’s stock worth $30,571,000 after buying an additional 471,309 shares during the period.
Sportradar Group Company Profile
Sportradar Group AG is a sports technology company that provides data, content and related services to sports leagues, media companies and sports betting operators. Its offerings include live and historical sports data, odds and betting solutions, audiovisual content, and tools designed to support fan engagement and digital experiences. The company also provides services to help sports organizations monitor competitions and identify potential integrity issues, including through its sports integrity and anti-fraud solutions.
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