Wealth High Governance Capital Ltda Lowers Stock Position in Sportradar Group AG $SRAD

Wealth High Governance Capital Ltda cut its stake in shares of Sportradar Group AG (NASDAQ:SRAD) by 94.0% in the 1st quarter, HoldingsChannel reports. The firm owned 13,993 shares of the company’s stock after selling 219,850 shares during the period. Wealth High Governance Capital Ltda’s holdings in Sportradar Group were worth $234,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Sportradar Group during the 1st quarter valued at $573,000. Goldman Sachs Group Inc. lifted its holdings in shares of 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 during the last quarter. Geode Capital Management LLC grew its position in Sportradar Group by 5.3% in the second quarter. Geode Capital Management LLC now owns 182,112 shares of the company’s stock worth $5,114,000 after acquiring an additional 9,162 shares in the last quarter. Cetera Investment Advisers purchased a new position in Sportradar Group in the second quarter worth $316,000. Finally, Legal & General Group Plc bought a new position in Sportradar Group in the second quarter valued at $260,000.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SRAD. Guggenheim lowered their price target on Sportradar Group from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Benchmark reiterated a “buy” rating on shares of Sportradar Group in a report on Thursday, July 9th. Stifel Nicolaus reduced their price objective on Sportradar Group from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Needham & Company LLC raised 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, Truist Financial dropped their target price on Sportradar Group from $26.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.47.

Sportradar Group Price Performance

Shares of NASDAQ:SRAD opened at $14.54 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.06. The stock has a market cap of $4.35 billion, a PE ratio of 60.58 and a beta of 1.61. The company’s fifty day moving average is $14.82 and its 200 day moving average is $16.08. Sportradar Group AG has a 52 week low of $11.66 and a 52 week high of $32.22.

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.