Sportradar Group (NASDAQ:SRAD) Stock: Insider James Scott Ritter Sells 3,500 Shares

Sportradar Group AG (NASDAQ:SRAD) CAO James Scott Ritter sold 3,500 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $12.83, for a total value of $44,905.00. Following the completion of the transaction, the chief accounting officer directly owned 37,113 shares in the company, valued at approximately $476,159.79. This trade represents a 8.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Sportradar Group Trading Down 1.8%

Shares of Sportradar Group stock traded down $0.24 during trading on Tuesday, hitting $13.37. 1,631,125 shares of the company were exchanged, compared to its average volume of 2,805,693. The firm’s fifty day moving average price is $12.60 and its 200 day moving average price is $14.81. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.80 and a quick ratio of 0.98. The firm has a market capitalization of $4.00 billion, a P/E ratio of 167.12 and a beta of 1.66. Sportradar Group AG has a 1-year low of $11.39 and a 1-year high of $24.17.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Sportradar Group had a return on equity of 2.57% and a net margin of 1.47%. The firm had revenue of $410.62 million for the quarter, compared to the consensus estimate of $405.74 million. During the same period in the prior year, the business earned $0.07 earnings per share. The company’s revenue for the quarter was up 24.1% compared to the same quarter last year. As a group, sell-side analysts expect that Sportradar Group AG will post 0.21 earnings per share for the current fiscal year.

Institutional Trading of Sportradar Group

Hedge funds have recently bought and sold shares of the business. Spruce House Investment Management LLC bought a new position in shares of Sportradar Group in the first quarter valued at approximately $46,035,000. The Manufacturers Life Insurance Company boosted its position in Sportradar Group by 963.6% in the first quarter. The Manufacturers Life Insurance Company now owns 2,463,421 shares of the company’s stock worth $41,238,000 after purchasing an additional 2,231,810 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Sportradar Group in the 2nd quarter valued at $32,811,000. Sellaronda Global Management LP purchased a new stake in shares of Sportradar Group during the 1st quarter valued at $12,136,000. Finally, Principal Financial Group Inc. increased its position in shares of Sportradar Group by 34.8% during the 1st quarter. Principal Financial Group Inc. now owns 1,826,209 shares of the company’s stock valued at $30,571,000 after purchasing an additional 471,309 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Guggenheim decreased their price target on shares of Sportradar Group from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, November 4th. Stifel Nicolaus dropped their price objective on shares of Sportradar Group from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Monday, October 26th. Truist Financial lifted their target price on Sportradar Group from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. Needham & Company LLC raised their price target on Sportradar Group from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, November 4th. Finally, JPMorgan Chase & Co. reduced their target price on Sportradar Group from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.97.

About Sportradar Group

Sportradar Group AG is a sports technology company that provides data, content and related services to sports leagues, media companies and sports betting operators. Its offerings include live and historical sports data, odds and betting solutions, audiovisual content, and tools designed to support fan engagement and digital experiences. The company also provides services to help sports organizations monitor competitions and identify potential integrity issues, including through its sports integrity and anti-fraud solutions.