Maxi Investments CY Ltd Makes New Investment in Sportradar Group AG $SRAD

Maxi Investments CY Ltd purchased a new position in shares of Sportradar Group AG (NASDAQ:SRAD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 50,500 shares of the company’s stock, valued at approximately $1,358,000.

Other hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in Sportradar Group by 39.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,104,947 shares of the company’s stock worth $164,223,000 after acquiring an additional 1,721,495 shares during the period. Greenhouse Funds LLLP boosted its holdings in Sportradar Group by 1.6% in the 2nd quarter. Greenhouse Funds LLLP now owns 7,971,654 shares of the company’s stock valued at $223,844,000 after purchasing an additional 129,276 shares during the period. TD Asset Management Inc boosted its holdings in Sportradar Group by 560.3% in the 3rd quarter. TD Asset Management Inc now owns 542,094 shares of the company’s stock valued at $14,582,000 after purchasing an additional 460,000 shares during the period. Hsbc Holdings PLC grew its position in Sportradar Group by 200.0% in the 2nd quarter. Hsbc Holdings PLC now owns 73,912 shares of the company’s stock worth $2,060,000 after purchasing an additional 49,272 shares during the last quarter. Finally, Kingdon Capital Management L.L.C. increased its holdings in shares of Sportradar Group by 18.5% during the 3rd quarter. Kingdon Capital Management L.L.C. now owns 474,000 shares of the company’s stock worth $12,751,000 after purchasing an additional 74,000 shares during the period.

Sportradar Group Trading Down 2.6%

Shares of SRAD opened at $18.18 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.36 and a debt-to-equity ratio of 0.05. The stock has a market cap of $5.44 billion, a PE ratio of 55.09 and a beta of 2.00. Sportradar Group AG has a 1 year low of $15.73 and a 1 year high of $32.22. The stock has a 50 day simple moving average of $18.43 and a 200-day simple moving average of $23.01.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.09). Sportradar Group had a net margin of 7.73% and a return on equity of 10.32%. The company had revenue of $432.81 million during the quarter, compared to analyst estimates of $369.59 million. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, sell-side analysts predict that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Guggenheim reaffirmed a “buy” rating on shares of Sportradar Group in a research report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of Sportradar Group in a research note on Monday, December 29th. Citizens Jmp cut their price target on Sportradar Group from $34.00 to $31.00 and set a “market outperform” rating for the company in a report on Wednesday, March 4th. BTIG Research reduced their price objective on Sportradar Group from $32.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Finally, Truist Financial set a $32.00 price objective on Sportradar Group in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.16.

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.