Sportradar Group AG $SRAD Holdings Decreased by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. trimmed its holdings in shares of Sportradar Group AG (NASDAQ:SRAD) by 45.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 152,682 shares of the company’s stock after selling 128,087 shares during the period. Sportradar Group makes up approximately 0.6% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 29th largest position. TB Alternative Assets Ltd.’s holdings in Sportradar Group were worth $4,107,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SRAD. Hsbc Holdings PLC increased its holdings in shares of Sportradar Group by 14.9% in the 1st quarter. Hsbc Holdings PLC now owns 24,640 shares of the company’s stock valued at $531,000 after purchasing an additional 3,202 shares during the period. Trexquant Investment LP grew its position in Sportradar Group by 9.9% during the first quarter. Trexquant Investment LP now owns 200,946 shares of the company’s stock valued at $4,344,000 after purchasing an additional 18,069 shares in the last quarter. Magnetar Financial LLC purchased a new position in Sportradar Group during the first quarter valued at approximately $260,000. Twin Tree Management LP acquired a new position in Sportradar Group in the 1st quarter valued at approximately $88,000. Finally, Graham Capital Management L.P. lifted its position in Sportradar Group by 21.2% in the 1st quarter. Graham Capital Management L.P. now owns 54,004 shares of the company’s stock worth $1,168,000 after buying an additional 9,457 shares in the last quarter.

Sportradar Group Price Performance

NASDAQ SRAD opened at $23.10 on Friday. Sportradar Group AG has a fifty-two week low of $16.85 and a fifty-two week high of $32.22. The stock’s 50-day moving average is $23.50 and its two-hundred day moving average is $26.80. The firm has a market cap of $6.92 billion, a P/E ratio of 72.19 and a beta of 2.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.36 and a quick ratio of 1.36.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Sportradar Group had a net margin of 7.84% and a return on equity of 9.97%. The company had revenue of $342.71 million for the quarter, compared to analyst estimates of $295.04 million. During the same period in the prior year, the company posted $0.11 EPS. The business’s revenue was up 14.5% on a year-over-year basis. On average, analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wells Fargo & Company began coverage on shares of Sportradar Group in a report on Tuesday, November 18th. They set an “overweight” rating and a $30.00 price target on the stock. Roth Capital started coverage on Sportradar Group in a research report on Friday, September 12th. They set a “buy” rating and a $40.00 price objective for the company. Zacks Research lowered Sportradar Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. JPMorgan Chase & Co. raised their price target on Sportradar Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a research note on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.56.

About Sportradar Group

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.