530,280 Shares in Sportradar Group AG $SRAD Bought by Ashford Capital Management Inc.

Ashford Capital Management Inc. purchased a new position in shares of Sportradar Group AG (NASDAQ:SRADFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 530,280 shares of the company’s stock, valued at approximately $12,605,000. Sportradar Group makes up about 1.4% of Ashford Capital Management Inc.’s holdings, making the stock its 27th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Sportradar Group in the 1st quarter valued at about $573,000. Goldman Sachs Group Inc. lifted its stake in Sportradar Group by 175.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock valued at $13,197,000 after purchasing an additional 388,769 shares during the last quarter. Geode Capital Management LLC lifted its stake in Sportradar Group by 5.3% in the 2nd quarter. Geode Capital Management LLC now owns 182,112 shares of the company’s stock valued at $5,114,000 after purchasing an additional 9,162 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Sportradar Group in the 2nd quarter valued at about $316,000. Finally, Legal & General Group Plc acquired a new stake in Sportradar Group in the 2nd quarter valued at about $260,000.

Insiders Place Their Bets

In related news, Director Marc Walder acquired 66,000 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average cost of $12.77 per share, for a total transaction of $842,820.00. Following the acquisition, the director owned 342,563 shares of the company’s stock, valued at $4,374,529.51. This trade represents a 23.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Carsten Koerl bought 143,000 shares of Sportradar Group stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost of $13.23 per share, for a total transaction of $1,891,890.00. Following the completion of the transaction, the chief executive officer directly owned 2,278,272 shares in the company, valued at approximately $30,141,538.56. This trade represents a 6.70% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 357,893 shares of company stock worth $4,668,220.

Wall Street Analysts Forecast Growth

SRAD has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sportradar Group in a research report on Friday, March 27th. Needham & Company LLC increased their price objective on shares of Sportradar Group from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, June 8th. JPMorgan Chase & Co. downgraded shares of Sportradar Group from an “overweight” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research note on Wednesday, May 27th. Morgan Stanley increased their price objective on shares of Sportradar Group from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Finally, BTIG Research dropped their price objective on shares of Sportradar Group from $23.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.06.

Check Out Our Latest Research Report on Sportradar Group

Key Headlines Impacting Sportradar Group

Here are the key news stories impacting Sportradar Group this week:

Sportradar Group Price Performance

SRAD stock opened at $15.82 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.06 and a quick ratio of 1.06. Sportradar Group AG has a one year low of $11.66 and a one year high of $32.22. The stock has a market cap of $4.74 billion, a PE ratio of 65.92 and a beta of 1.63. The firm has a 50 day simple moving average of $14.43 and a two-hundred day simple moving average of $17.87.

Sportradar Group (NASDAQ:SRADGet Free Report) last announced its quarterly earnings data 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 return on equity of 7.28% and a net margin of 5.20%.The business had revenue of $401.11 million during the quarter, compared to the consensus estimate of $417.86 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The company’s revenue was up 11.3% compared to the same quarter last year. On average, analysts predict that Sportradar Group AG will post 0.4 EPS for the current fiscal year.

Sportradar Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sportradar Group (NASDAQ:SRAD)

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