Y Intercept Hong Kong Ltd Takes $685,000 Position in Sportradar Group AG $SRAD

Y Intercept Hong Kong Ltd bought a new position in shares of Sportradar Group AG (NASDAQ:SRAD) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 40,942 shares of the company’s stock, valued at approximately $685,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Cresset Asset Management LLC grew its stake in Sportradar Group by 2.1% in the 2nd quarter. Cresset Asset Management LLC now owns 18,746 shares of the company’s stock valued at $526,000 after buying an additional 394 shares during the last quarter. Mindset Wealth Management LLC lifted its position in Sportradar Group by 5.5% during the third quarter. Mindset Wealth Management LLC now owns 8,992 shares of the company’s stock worth $242,000 after acquiring an additional 466 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Sportradar Group by 93.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock worth $31,000 after acquiring an additional 620 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its holdings in shares of Sportradar Group by 7.7% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 14,745 shares of the company’s stock worth $356,000 after acquiring an additional 1,055 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in shares of Sportradar Group by 2.7% during the second quarter. Squarepoint Ops LLC now owns 40,838 shares of the company’s stock worth $1,147,000 after acquiring an additional 1,083 shares during the period.

Key Sportradar Group News

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

• Negative Sentiment: Hagens Berman says it is investigating Sportradar and its executives after short-seller reports allegedly exposed illegal gambling ties, raising fresh legal risk for the company. Article: HBSS Investigates Sportradar Group AG (SRAD) Securities Class Action Claims After Short Seller Reports Expose Alleged Illegal Gambling Ties
• Negative Sentiment: Several law firms, including Rosen, Robbins Geller, and Faruqi & Faruqi, are urging investors to act before the July 17 deadline in the existing securities class action against Sportradar, keeping litigation concerns in focus. Article: SRAD FINAL DEADLINE: ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Sportradar Group AG Investors with Losses in Excess of $100K to Secure Counsel Before Important July 17 Deadline in Securities Class Action – SRAD
• Negative Sentiment: Robbins Geller also reiterated the July 17 lead-plaintiff deadline for the Sportradar class action, signaling that the lawsuit remains active and prominent for investors. Article: FRIDAY DEADLINE: Sportradar Group AG (SRAD) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit, Robbins Geller Rudman & Dowd LLP Announces

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sportradar Group in a research report on Friday, March 27th. Wells Fargo & Company dropped their price target on Sportradar Group from $24.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Truist Financial reduced their price target on Sportradar Group from $26.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Needham & Company LLC upped their price objective on Sportradar Group from $19.00 to $23.00 and gave the company a “buy” rating in a report on Monday, June 8th. Finally, BTIG Research lowered their price objective on Sportradar Group from $23.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.60.

Sportradar Group Price Performance

Sportradar Group stock opened at $15.59 on Tuesday. The firm has a market cap of $4.67 billion, a PE ratio of 64.96 and a beta of 1.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s fifty day moving average price is $14.36 and its two-hundred day moving average price is $16.87. 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 earnings results 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 company had revenue of $401.11 million for the quarter, compared to the consensus estimate of $417.86 million. Sportradar Group had a net margin of 5.20% and a return on equity of 7.28%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. As a group, research analysts expect that Sportradar Group AG will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling at Sportradar Group

In other news, Director George Fleet bought 7,850 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were purchased at an average cost of $12.73 per share, with a total value of $99,930.50. Following the acquisition, the director directly owned 160,873 shares in the company, valued at $2,047,913.29. This represents a 5.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Carsten Koerl bought 143,000 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was purchased at an average price of $13.23 per share, with a total value 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 represents a 6.70% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 357,893 shares of company stock valued at $4,668,220 over the last three months.

Sportradar Group 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.