Hsbc Holdings PLC Sells 52,934 Shares of Sportradar Group AG $SRAD

Hsbc Holdings PLC trimmed its holdings in shares of Sportradar Group AG (NASDAQ:SRAD) by 57.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,864 shares of the company’s stock after selling 52,934 shares during the period. Hsbc Holdings PLC’s holdings in Sportradar Group were worth $667,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Sportradar Group by 93.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock worth $31,000 after buying an additional 620 shares during the last quarter. Empowered Funds LLC purchased a new stake in Sportradar Group during the fourth quarter worth about $31,000. Tower Research Capital LLC TRC raised its position in Sportradar Group by 10,125.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after acquiring an additional 1,620 shares during the period. Itau Unibanco Holding S.A. bought a new stake in Sportradar Group in the fourth quarter worth about $45,000. Finally, CWM LLC boosted its stake in Sportradar Group by 316.0% in the fourth quarter. CWM LLC now owns 2,475 shares of the company’s stock valued at $59,000 after acquiring an additional 1,880 shares during the last quarter.

Analyst Upgrades and Downgrades

SRAD has been the subject of a number of research reports. Morgan Stanley increased their target price on shares of Sportradar Group from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Guggenheim dropped their price objective on Sportradar Group from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Citigroup reduced their price objective on Sportradar Group from $28.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. UBS Group restated a “buy” rating on shares of Sportradar Group in a research note on Tuesday, June 9th. Finally, Needham & Company LLC increased their price target on Sportradar Group from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Sportradar Group has a consensus rating of “Moderate Buy” and a consensus target price of $22.47.

Sportradar Group Stock Performance

NASDAQ SRAD opened at $14.70 on Friday. The company’s 50 day moving average is $14.79 and its 200-day moving average is $16.12. Sportradar Group AG has a 12-month low of $11.66 and a 12-month high of $32.22. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.06. The firm has a market cap of $4.40 billion, a P/E ratio of 61.25 and a beta of 1.60.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.08). The business had revenue of $401.11 million during the quarter, compared to the consensus estimate of $417.86 million. Sportradar Group had a return on equity of 7.28% and a net margin of 5.20%.The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the business posted $0.07 earnings per share. Sell-side analysts predict that Sportradar Group AG will post 0.39 earnings per share for the current year.

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.