NewEdge Advisors LLC Buys 72,276 Shares of Sportradar Group AG $SRAD

NewEdge Advisors LLC lifted its stake in Sportradar Group AG (NASDAQ:SRAD) by 168.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,166 shares of the company’s stock after purchasing an additional 72,276 shares during the period. NewEdge Advisors LLC’s holdings in Sportradar Group were worth $1,928,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Wealth High Governance Capital Ltda lifted its holdings in Sportradar Group by 144.1% in the fourth quarter. Wealth High Governance Capital Ltda now owns 366,157 shares of the company’s stock worth $8,704,000 after buying an additional 216,159 shares during the period. UBS Group AG grew its holdings in shares of Sportradar Group by 107.1% during the 4th quarter. UBS Group AG now owns 2,394,126 shares of the company’s stock worth $56,908,000 after acquiring an additional 1,238,054 shares during the period. Stephens Investment Management Group LLC bought a new position in shares of Sportradar Group in the 4th quarter worth approximately $52,643,000. Asset Management One Co. Ltd. purchased a new position in shares of Sportradar Group in the 4th quarter valued at approximately $2,941,000. Finally, Spruce House Investment Management LLC purchased a new position in shares of Sportradar Group in the 1st quarter valued at approximately $46,035,000.

Sportradar Group Stock Performance

Shares of SRAD opened at $13.82 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average price is $14.75 and its 200-day moving average price is $15.69. Sportradar Group AG has a 52 week low of $11.55 and a 52 week high of $32.22. The stock has a market cap of $4.14 billion, a P/E ratio of 230.37 and a beta of 1.61.

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. The company had revenue of $431.19 million during the quarter. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%. Equities research analysts anticipate that Sportradar Group AG will post 0.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SRAD. Weiss Ratings raised Sportradar Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. Wells Fargo & Company set a $20.00 price objective on Sportradar Group in a report on Tuesday, August 4th. Guggenheim lowered their price objective on Sportradar Group from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. JPMorgan Chase & Co. dropped their target price on shares of Sportradar Group from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Finally, Freedom Capital raised shares of Sportradar Group to a “strong-buy” rating in a research report on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Sportradar Group currently has an average rating of “Moderate Buy” and an average target price of $20.31.

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.