Numerai GP LLC Sells 249,540 Shares of Sportradar Group AG $SRAD

Numerai GP LLC trimmed its stake in shares of Sportradar Group AG (NASDAQ:SRAD) by 76.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,145 shares of the company’s stock after selling 249,540 shares during the period. Numerai GP LLC’s holdings in Sportradar Group were worth $2,075,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in Sportradar Group by 10,125.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after purchasing an additional 1,620 shares in the last quarter. TD Private Client Wealth LLC grew its position in shares of Sportradar Group by 113.7% during the third quarter. TD Private Client Wealth LLC now owns 3,374 shares of the company’s stock valued at $91,000 after purchasing an additional 1,795 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of Sportradar Group by 29.4% in the second quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock worth $99,000 after purchasing an additional 801 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Sportradar Group by 103.5% in the third quarter. Pacer Advisors Inc. now owns 4,989 shares of the company’s stock worth $134,000 after purchasing an additional 2,537 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Sportradar Group by 788.4% in the third quarter. Bessemer Group Inc. now owns 5,375 shares of the company’s stock worth $144,000 after buying an additional 4,770 shares in the last quarter.

Analyst Ratings Changes

SRAD has been the subject of a number of research reports. Needham & Company LLC dropped their price target on Sportradar Group from $34.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. BTIG Research reduced their price objective on Sportradar Group from $32.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Stifel Nicolaus assumed coverage on Sportradar Group in a report on Thursday, January 22nd. They set a “buy” rating and a $28.00 price objective on the stock. The Goldman Sachs Group lowered their target price on Sportradar Group from $35.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, March 4th. Finally, Benchmark restated a “buy” rating on shares of Sportradar Group in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.16.

Sportradar Group Trading Down 2.6%

SRAD opened at $18.18 on Tuesday. The stock has a 50-day moving average of $18.43 and a 200 day moving average of $23.01. The company has a current ratio of 1.17, a quick ratio of 1.36 and a debt-to-equity ratio of 0.05. Sportradar Group AG has a 12 month low of $15.73 and a 12 month high of $32.22. The firm has a market cap of $5.44 billion, a P/E ratio of 55.09 and a beta of 2.00.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). The company had revenue of $432.81 million for the quarter, compared to analysts’ expectations of $369.59 million. Sportradar Group had a net margin of 7.73% and a return on equity of 10.32%. The business’s revenue was up 20.2% compared to the same quarter last year. As a group, research analysts forecast that Sportradar Group AG will post 0.15 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.