Sportradar Group AG $SRAD Shares Bought by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC grew its holdings in shares of Sportradar Group AG (NASDAQ:SRAD) by 38.7% during the first quarter, HoldingsChannel reports. The firm owned 1,582,182 shares of the company’s stock after purchasing an additional 441,765 shares during the quarter. Sportradar Group accounts for approximately 1.5% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 18th largest holding. Rice Hall James & Associates LLC’s holdings in Sportradar Group were worth $26,486,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Sportradar Group in the first quarter valued at $573,000. Goldman Sachs Group Inc. lifted its position in Sportradar Group by 175.4% during the first quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock worth $13,197,000 after buying an additional 388,769 shares during the period. Geode Capital Management LLC boosted its stake in Sportradar Group by 5.3% in the 2nd quarter. Geode Capital Management LLC now owns 182,112 shares of the company’s stock worth $5,114,000 after buying an additional 9,162 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Sportradar Group in the 2nd quarter worth about $316,000. Finally, Legal & General Group Plc purchased a new stake in Sportradar Group in the 2nd quarter valued at about $260,000.

Analyst Ratings Changes

SRAD has been the subject of a number of research analyst reports. Citizens Jmp dropped their price objective on shares of Sportradar Group from $26.00 to $24.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 8th. BTIG Research decreased their target price on shares of Sportradar Group from $23.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. JPMorgan Chase & Co. boosted their target price on shares of Sportradar Group from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Needham & Company LLC upped their price target on shares of Sportradar Group from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Finally, Jefferies Financial Group downgraded shares of Sportradar Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $30.00 to $14.00 in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Sportradar Group currently has an average rating of “Moderate Buy” and a consensus target price of $22.47.

Insider Activity at Sportradar Group

In related news, Director George Fleet bought 7,850 shares of the stock in a transaction dated Thursday, April 30th. The stock was acquired at an average price of $12.73 per share, for a total transaction of $99,930.50. Following the completion of the purchase, the director owned 160,873 shares in the company, valued at $2,047,913.29. This represents a 5.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rajani Ramanathan bought 8,003 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average price of $12.49 per share, for a total transaction of $99,957.47. Following the completion of the acquisition, the director owned 38,947 shares in the company, valued at approximately $486,448.03. This trade represents a 25.86% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 357,893 shares of company stock valued at $4,668,220 over the last 90 days. Corporate insiders own 85.02% of the company’s stock.

Sportradar Group Price Performance

SRAD stock opened at $14.29 on Friday. The company has a market cap of $4.28 billion, a PE ratio of 59.54 and a beta of 1.60. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average price of $14.67 and a two-hundred day moving average price of $16.35. Sportradar Group AG has a 12-month low of $11.66 and a 12-month high of $32.22.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). The firm had revenue of $401.11 million during 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 earnings per share. As a group, research analysts predict that Sportradar Group AG will post 0.39 EPS for the current year.

Sportradar Group Company Profile

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.