Sportradar Group (NASDAQ:SRAD) Insider Michael Connolly Miller Sells 1,840 Shares of Company Stock

Sportradar Group AG (NASDAQ:SRAD) insider Michael Miller sold 1,840 shares of the firm’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $12.10, for a total value of $22,264.00. Following the completion of the sale, the insider directly owned 65,356 shares of the company’s stock, valued at approximately $790,807.60. This trade represents a 2.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sportradar Group Price Performance

Shares of NASDAQ SRAD traded down $0.23 during trading on Friday, hitting $11.91. 1,916,136 shares of the company were exchanged, compared to its average volume of 2,068,789. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 198.53 and a beta of 1.59. Sportradar Group AG has a 1 year low of $11.39 and a 1 year high of $27.85. The firm’s fifty day moving average price is $12.70 and its 200 day moving average price is $13.97. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.98 and a quick ratio of 0.98.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings results on Tuesday, June 30th. The company reported ($0.01) earnings per share for the quarter. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%. The company had revenue of $431.19 million for the quarter. On average, sell-side analysts expect that Sportradar Group AG will post 0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Zacks Research upgraded Sportradar Group from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th. Wolfe Research started coverage on Sportradar Group in a report on Wednesday, September 2nd. They set an “outperform” rating and a $22.00 price objective for the company. Needham & Company LLC decreased their target price on Sportradar Group from $23.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Guggenheim decreased their target price on Sportradar Group from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Finally, UBS Group lowered Sportradar Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $30.00 to $16.00 in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.19.

Hedge Funds Weigh In On Sportradar Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SRAD. Vontobel Holding Ltd. raised its position in shares of Sportradar Group by 16.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 31,311 shares of the company’s stock worth $362,000 after purchasing an additional 4,359 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Sportradar Group in the 2nd quarter valued at approximately $560,000. Squarepoint Ops LLC lifted its stake in Sportradar Group by 3.2% in the 2nd quarter. Squarepoint Ops LLC now owns 30,518 shares of the company’s stock valued at $457,000 after buying an additional 958 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Sportradar Group during the 2nd quarter valued at $1,704,000. Finally, Allied Private Wealth LLC acquired a new stake in Sportradar Group during the 2nd quarter valued at $61,000.

Sportradar Group Company Profile

Sportradar Group AG is a sports technology company that provides data, content and technology solutions to the global sports, media and betting industries. Its services support the collection, analysis and distribution of sports information across a broad range of competitions and sporting events.

The company offers live sports data, statistics, odds services, betting solutions, audiovisual content and digital media products. It also provides tools for sports organizations and media companies, including fan engagement, marketing, sponsorship and data-driven content solutions.