Federated Hermes Inc. Sells 379,582 Shares of Sportradar Group AG (NASDAQ:SRAD)

Federated Hermes Inc. cut its holdings in Sportradar Group AG (NASDAQ:SRAD) by 7.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,633,530 shares of the company’s stock after selling 379,582 shares during the period. Federated Hermes Inc.’s holdings in Sportradar Group were worth $51,201,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. 12 West Capital Management LP increased its holdings in shares of Sportradar Group by 33.4% in the third quarter. 12 West Capital Management LP now owns 3,638,303 shares of the company’s stock worth $36,419,000 after buying an additional 909,933 shares during the period. Durable Capital Partners LP lifted its position in Sportradar Group by 46.0% in the first quarter. Durable Capital Partners LP now owns 3,303,309 shares of the company’s stock valued at $54,967,000 after purchasing an additional 1,040,085 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Sportradar Group during the first quarter valued at approximately $32,918,000. Millennium Management LLC grew its holdings in shares of Sportradar Group by 46.1% in the fourth quarter. Millennium Management LLC now owns 845,451 shares of the company’s stock worth $8,421,000 after purchasing an additional 266,888 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of Sportradar Group by 6.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 429,647 shares of the company’s stock worth $4,748,000 after buying an additional 25,357 shares during the period.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Jefferies Financial Group dropped their price target on shares of Sportradar Group from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday. Morgan Stanley boosted their price target on Sportradar Group from $11.00 to $11.50 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of Sportradar Group in a research report on Wednesday, March 20th. Canaccord Genuity Group reiterated a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a research report on Thursday, March 21st. Finally, Citigroup upped their target price on Sportradar Group from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.67.

Sportradar Group Stock Down 0.4 %

NASDAQ:SRAD opened at $9.66 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.26 and a quick ratio of 1.26. The firm’s 50-day moving average price is $10.52 and its 200-day moving average price is $10.28. The company has a market capitalization of $10.74 billion, a PE ratio of 80.51 and a beta of 1.97. Sportradar Group AG has a 1-year low of $8.08 and a 1-year high of $15.56.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Sportradar Group had a net margin of 4.27% and a return on equity of 4.54%. The business had revenue of $271.98 million for the quarter, compared to analysts’ expectations of $267.36 million. On average, equities analysts predict that Sportradar Group AG will post 0.3 EPS for the current fiscal year.

Sportradar Group Profile

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.