Wealth High Governance Asset Management Ltda. Cuts Position in Sportradar Group AG $SRAD

Wealth High Governance Asset Management Ltda. trimmed its position in shares of Sportradar Group AG (NASDAQ:SRAD) by 90.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,014 shares of the company’s stock after selling 120,300 shares during the period. Wealth High Governance Asset Management Ltda.’s holdings in Sportradar Group were worth $201,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Sportradar Group in the first quarter valued at $573,000. Goldman Sachs Group Inc. lifted its stake in Sportradar Group by 175.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock worth $13,197,000 after acquiring an additional 388,769 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Sportradar Group by 5.3% during the 2nd quarter. Geode Capital Management LLC now owns 182,112 shares of the company’s stock valued at $5,114,000 after acquiring an additional 9,162 shares during the period. Cetera Investment Advisers purchased a new position in Sportradar Group during the 2nd quarter valued at about $316,000. Finally, Legal & General Group Plc acquired a new position in Sportradar Group in the 2nd quarter valued at about $260,000.

Sportradar Group Price Performance

Shares of SRAD opened at $14.54 on Monday. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 60.58 and a beta of 1.61. The firm’s fifty day simple moving average is $14.82 and its 200-day simple moving average is $16.08. Sportradar Group AG has a twelve month low of $11.66 and a twelve month high of $32.22. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Zacks Research lowered shares of Sportradar Group from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Freedom Capital raised shares of Sportradar Group to a “strong-buy” rating in a research note on Monday, July 20th. Guggenheim dropped their price objective on shares of Sportradar Group from $30.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Citizens Jmp cut their target price on shares of Sportradar Group from $26.00 to $24.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 8th. Finally, Citigroup reduced their target price on shares of Sportradar Group from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.47.

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.