NewEdge Advisors LLC Purchases 72,276 Shares of Sportradar Group AG $SRAD

NewEdge Advisors LLC boosted its position in Sportradar Group AG (NASDAQ:SRAD) by 168.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,166 shares of the company’s stock after buying an additional 72,276 shares during the quarter. NewEdge Advisors LLC’s holdings in Sportradar Group were worth $1,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Sportradar Group Stock Down 1.1%

Shares of NASDAQ SRAD opened at $14.54 on Friday. Sportradar Group AG has a 52 week low of $11.66 and a 52 week high of $32.22. The business has a 50-day simple moving average of $14.82 and a two-hundred day simple moving average of $16.11. 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 company has a market cap of $4.35 billion, a P/E ratio of 60.58 and a beta of 1.60.

Sportradar Group (NASDAQ:SRAD) last posted its earnings results on Wednesday, April 29th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). Sportradar Group had a net margin of 5.20% and a return on equity of 7.28%. The company had revenue of $401.11 million for the quarter, compared to analysts’ expectations of $417.86 million. During the same period in the previous year, the firm earned $0.07 EPS. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. Research analysts anticipate that Sportradar Group AG will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Needham & Company LLC upped their price objective on shares of Sportradar Group from $19.00 to $23.00 and gave the company a “buy” rating in a report on Monday, June 8th. UBS Group reiterated a “buy” rating on shares of Sportradar Group in a research note on Tuesday, June 9th. Truist Financial lowered their price target on shares of Sportradar Group from $26.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. BTIG Research dropped their price target on shares of Sportradar Group from $23.00 to $18.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Finally, Morgan Stanley raised their price objective on shares of Sportradar Group from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.47.

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.