Sportradar Group AG $SRAD Holdings Lowered by TB Alternative Assets Ltd.

TB Alternative Assets Ltd. cut its stake in Sportradar Group AG (NASDAQ:SRAD) by 45.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,682 shares of the company’s stock after selling 128,087 shares during the period. Sportradar Group makes up approximately 0.6% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 29th biggest position. TB Alternative Assets Ltd. owned approximately 0.05% of Sportradar Group worth $4,107,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. ORG Partners LLC lifted its position in Sportradar Group by 2,137.8% in the second quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock worth $28,000 after purchasing an additional 962 shares during the period. TD Private Client Wealth LLC raised its stake in shares of Sportradar Group by 3,058.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company’s stock worth $44,000 after buying an additional 1,529 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of 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 buying an additional 1,620 shares in the last quarter. Twin Tree Management LP acquired a new stake in shares of Sportradar Group in the first quarter valued at $88,000. Finally, Loomis Sayles & Co. L P boosted its stake in Sportradar Group by 29.4% during the second quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock valued at $99,000 after buying an additional 801 shares in the last quarter.

Wall Street Analyst Weigh In

SRAD has been the topic of several research reports. Arete Research upgraded shares of Sportradar Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. UBS Group lowered their price objective on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. JPMorgan Chase & Co. boosted their target price on shares of Sportradar Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a research note on Monday, December 22nd. Finally, Roth Capital initiated coverage on shares of Sportradar Group in a report on Friday, September 12th. They set a “buy” rating and a $40.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.56.

Sportradar Group Price Performance

NASDAQ SRAD opened at $23.10 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.05. Sportradar Group AG has a 1 year low of $16.85 and a 1 year high of $32.22. The company has a market cap of $6.92 billion, a PE ratio of 72.19 and a beta of 2.02. The stock’s 50-day moving average price is $23.50 and its two-hundred day moving average price is $26.80.

Sportradar Group (NASDAQ:SRAD) last released its earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). Sportradar Group had a return on equity of 9.97% and a net margin of 7.84%.The firm had revenue of $342.71 million during the quarter, compared to analysts’ expectations of $295.04 million. During the same period last year, the business earned $0.11 earnings per share. The business’s revenue was up 14.5% on a year-over-year basis. On average, analysts predict that Sportradar Group AG will post 0.15 EPS 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.