Jeffery Yabuki Acquires 7,000 Shares of Sportradar Group (NASDAQ:SRAD) Stock

Sportradar Group AG (NASDAQ:SRAD) Director Jeffery Yabuki acquired 7,000 shares of the stock in a transaction on Thursday, April 30th. The stock was acquired at an average cost of $12.91 per share, for a total transaction of $90,370.00. Following the acquisition, the director directly owned 324,905 shares in the company, valued at $4,194,523.55. This represents a 2.20% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Sportradar Group Price Performance

Shares of SRAD opened at $13.26 on Monday. Sportradar Group AG has a twelve month low of $11.66 and a twelve month high of $32.22. The stock’s 50 day moving average is $17.13 and its two-hundred day moving average is $20.16. The firm has a market capitalization of $3.97 billion, a PE ratio of 55.25 and a beta of 1.66. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06.

Sportradar Group (NASDAQ:SRAD) 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). The business had revenue of $401.11 million during 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%. Sportradar Group’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 EPS. Research analysts anticipate that Sportradar Group AG will post 0.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Citigroup decreased their price target on Sportradar Group from $28.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Guggenheim decreased their price target on Sportradar Group from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a research note on Friday, March 27th. Jefferies Financial Group lowered Sportradar Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $30.00 to $14.00 in a research note on Friday, April 24th. Finally, Truist Financial decreased their price target on Sportradar Group from $26.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.94.

Institutional Investors Weigh In On Sportradar Group

A number of institutional investors and hedge funds have recently bought and sold shares of SRAD. Jericho Capital Asset Management L.P. purchased a new stake in Sportradar Group in the 4th quarter valued at approximately $75,117,000. Stephens Investment Management Group LLC acquired a new position in Sportradar Group in the 4th quarter valued at $52,643,000. T. Rowe Price Investment Management Inc. raised its holdings in Sportradar Group by 19.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 12,080,674 shares of the company’s stock valued at $287,158,000 after acquiring an additional 1,929,037 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Sportradar Group by 39.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,104,947 shares of the company’s stock valued at $164,223,000 after acquiring an additional 1,721,495 shares during the last quarter. Finally, Norges Bank acquired a new position in Sportradar Group in the 4th quarter valued at $35,866,000.

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.