1492 Capital Management LLC Lowers Holdings in Sportradar Group AG $SRAD

1492 Capital Management LLC decreased its holdings in Sportradar Group AG (NASDAQ:SRAD) by 38.6% in the first quarter, HoldingsChannel.com reports. The fund owned 116,658 shares of the company’s stock after selling 73,457 shares during the quarter. 1492 Capital Management LLC’s holdings in Sportradar Group were worth $1,953,000 at the end of the most recent reporting period.

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

Sportradar Group Price Performance

Shares of Sportradar Group stock opened at $14.85 on Friday. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 61.88 and a beta of 1.63. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day moving average price of $14.18 and a 200-day moving average price of $17.49. Sportradar Group AG has a one year low of $11.66 and a one year high of $32.22.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Wednesday, April 29th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.08). The company had revenue of $401.11 million for the quarter, compared to analysts’ expectations of $417.86 million. Sportradar Group had a net margin of 5.20% and a return on equity of 7.28%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 EPS. Equities analysts expect that Sportradar Group AG will post 0.4 EPS for the current year.

Insider Buying and Selling at Sportradar Group

In other news, Director Marc Walder acquired 66,000 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were acquired at an average price of $12.77 per share, for a total transaction of $842,820.00. Following the completion of the transaction, the director directly owned 342,563 shares of the company’s stock, valued at approximately $4,374,529.51. The trade was a 23.86% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Carsten Koerl bought 143,000 shares of Sportradar Group stock in a transaction dated Friday, May 1st. The stock was purchased at an average cost of $13.23 per share, for a total transaction of $1,891,890.00. Following the purchase, the chief executive officer owned 2,278,272 shares of the company’s stock, valued at approximately $30,141,538.56. This trade represents a 6.70% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 357,893 shares of company stock valued at $4,668,220. Insiders own 85.02% of the company’s stock.

Analysts Set New Price Targets

SRAD has been the topic of several research analyst reports. BTIG Research lowered their target price on shares of Sportradar Group from $23.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Needham & Company LLC raised their target price 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. Truist Financial reduced their price target on shares of Sportradar Group from $26.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. JPMorgan Chase & Co. cut shares of Sportradar Group from an “overweight” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research note on Wednesday, May 27th. Finally, UBS Group reissued a “buy” rating on shares of Sportradar Group in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sportradar Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.56.

Key Sportradar Group News

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

• Positive Sentiment: No major positive company-specific catalysts were reported in the latest batch of articles.
• Neutral Sentiment: Several law firms, including Hagens Berman, Glancy Prongay Wolke, Bronstein Gewirtz, The Gross Law Firm, Rosen, Schall, Pomerantz, and others, issued investor alerts related to the same class-action case, increasing visibility around the litigation. Article Title
• Neutral Sentiment: Short-interest data showed no meaningful change in reported shares short, though the stock remains heavily influenced by recent controversy and investor uncertainty.
• Negative Sentiment: The class-action lawsuits and investigations center on claims that Sportradar made false or misleading statements, which could create legal costs, management distraction, and reputational damage. Article Title
• Negative Sentiment: The stock previously suffered a sharp drop after Muddy Waters Research and Callisto Research alleged that Sportradar’s business model and revenue sources were tied to illegal gambling activity, fueling the current selloff and ongoing investor concern. Article Title

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.