Cambiar Investors LLC Sells 71,197 Shares of Sportradar Group AG (NASDAQ:SRAD)

Cambiar Investors LLC lowered its position in shares of Sportradar Group AG (NASDAQ:SRAD) by 11.4% during the first quarter, HoldingsChannel reports. The fund owned 553,786 shares of the company’s stock after selling 71,197 shares during the quarter. Cambiar Investors LLC’s holdings in Sportradar Group were worth $11,973,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SRAD. Pacer Advisors Inc. lifted its holdings in Sportradar Group by 43.9% during the 1st quarter. Pacer Advisors Inc. now owns 1,759 shares of the company’s stock worth $38,000 after buying an additional 537 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Sportradar Group by 34.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company’s stock worth $46,000 after buying an additional 551 shares during the period. Atlas Capital Advisors Inc. acquired a new position in Sportradar Group during the 1st quarter worth about $52,000. Battery Global Advisors LLC lifted its holdings in Sportradar Group by 2,800.0% during the 1st quarter. Battery Global Advisors LLC now owns 2,755 shares of the company’s stock worth $60,000 after buying an additional 2,660 shares during the period. Finally, US Bancorp DE lifted its holdings in Sportradar Group by 178.6% during the 1st quarter. US Bancorp DE now owns 6,198 shares of the company’s stock worth $134,000 after buying an additional 3,973 shares during the period.

Sportradar Group Stock Performance

Shares of Sportradar Group stock opened at $31.00 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.31 and a quick ratio of 1.31. The business has a 50-day simple moving average of $27.93 and a 200 day simple moving average of $24.28. The firm has a market capitalization of $34.50 billion, a price-to-earnings ratio of 86.11 and a beta of 2.07. Sportradar Group AG has a one year low of $10.79 and a one year high of $31.59.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.13. The firm had revenue of $374.25 million during the quarter, compared to analyst estimates of $315.30 million. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, research analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Macquarie assumed coverage on Sportradar Group in a research note on Friday, June 20th. They issued an “outperform” rating and a $32.00 price objective on the stock. The Goldman Sachs Group assumed coverage on Sportradar Group in a research note on Monday, July 21st. They issued a “neutral” rating and a $31.00 price objective on the stock. Morgan Stanley boosted their price objective on Sportradar Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. JMP Securities boosted their price objective on Sportradar Group from $25.00 to $30.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 15th. Finally, Jefferies Financial Group boosted their price objective on Sportradar Group from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, July 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.50.

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.