Principal Financial Group Inc. Has $30.57 Million Position in Sportradar Group AG $SRAD

Principal Financial Group Inc. grew its stake in Sportradar Group AG (NASDAQ:SRAD) by 34.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,826,209 shares of the company’s stock after purchasing an additional 471,309 shares during the quarter. Principal Financial Group Inc.’s holdings in Sportradar Group were worth $30,571,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its stake in Sportradar Group by 93.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock valued at $31,000 after buying an additional 620 shares during the last quarter. Empowered Funds LLC acquired a new stake in Sportradar Group during the fourth quarter worth approximately $31,000. Itau Unibanco Holding S.A. acquired a new stake in Sportradar Group during the fourth quarter worth approximately $45,000. Tower Research Capital LLC TRC boosted its holdings in shares of Sportradar Group by 10,125.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after acquiring an additional 1,620 shares during the period. Finally, CWM LLC boosted its holdings in shares of Sportradar Group by 316.0% during the fourth quarter. CWM LLC now owns 2,475 shares of the company’s stock worth $59,000 after acquiring an additional 1,880 shares during the period.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SRAD shares. BTIG Research lowered their target price on Sportradar Group from $23.00 to $18.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Needham & Company LLC boosted their price target on Sportradar Group from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Citigroup reduced their price target on Sportradar Group from $28.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Wells Fargo & Company decreased their price objective on Sportradar Group from $24.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Finally, Guggenheim lowered their price objective on Sportradar Group from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Sportradar Group currently has a consensus rating of “Moderate Buy” and an average target price of $22.67.

Key Headlines Impacting Sportradar Group

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

• Neutral Sentiment: Multiple law firms reminded investors that the deadline to seek lead-plaintiff status in a securities class action against Sportradar is July 17, with claims covering purchases made between November 7, 2024 and April 21, 2026. Article link
• Neutral Sentiment: Hagens Berman, Faruqi & Faruqi, Rosen, Pomerantz, and other firms issued similar notices urging investors with losses in Sportradar Group AG (SRAD) to contact counsel before the deadline, keeping the lawsuit in focus for shareholders. Article link
• Neutral Sentiment: There was also a separate note pointing to JPMorgan Chase’s positive forecast for Sportradar stock, which may offer some offsetting support, though the dominant theme in the latest headlines is still litigation-related. Article link

Insider Buying and Selling at Sportradar Group

In related news, CEO Carsten Koerl acquired 143,000 shares of the stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $13.23 per share, for a total transaction of $1,891,890.00. Following the purchase, the chief executive officer directly owned 2,278,272 shares in the company, valued at approximately $30,141,538.56. The trade was a 6.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Deirdre Mary Bigley acquired 3,940 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of $12.57 per share, with a total value of $49,525.80. Following the completion of the acquisition, the director directly owned 13,897 shares in the company, valued at approximately $174,685.29. This represents a 39.57% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 357,893 shares of company stock valued at $4,668,220 over the last ninety days. 85.02% of the stock is owned by corporate insiders.

Sportradar Group Stock Performance

Shares of NASDAQ:SRAD opened at $14.38 on Monday. The company’s 50 day moving average price is $14.48 and its two-hundred day moving average price is $16.63. Sportradar Group AG has a 12-month low of $11.66 and a 12-month high of $32.22. The firm has a market cap of $4.31 billion, a PE ratio of 59.92 and a beta of 1.60. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.06.

Sportradar Group (NASDAQ:SRAD) last released its quarterly 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). Sportradar Group had a net margin of 5.20% and a return on equity of 7.28%. The business had revenue of $401.11 million during the quarter, compared to analyst estimates of $417.86 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. Equities research analysts predict that Sportradar Group AG will post 0.4 earnings per share for the current year.

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.