Key Points
- Insider Michael Miller sold 1,840 Sportradar shares at an average price of $12.10, generating $22,264; the transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his position by 2.74%.
- SRAD shares fell 1.9% to $11.91, near the company’s 12-month low of $11.39. Sportradar reported quarterly revenue of $431.19 million and a loss of $0.01 per share.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $19.19, despite mixed recent rating and price-target changes.
Sportradar Group AG (NASDAQ:SRAD - Get Free Report) insider Michael Miller sold 1,840 shares of the business's stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $12.10, for a total transaction of $22,264.00. Following the completion of the transaction, the insider directly owned 65,356 shares of the company's stock, valued at $790,807.60. The trade was a 2.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sportradar Group Trading Down 1.9%
Shares of Sportradar Group stock traded down $0.23 during mid-day trading on Friday, hitting $11.91. 1,916,136 shares of the stock were exchanged, compared to its average volume of 2,068,789. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 198.53 and a beta of 1.59. Sportradar Group AG has a twelve month low of $11.39 and a twelve month high of $27.85. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.06. The company has a 50-day simple moving average of $12.70 and a 200 day simple moving average of $13.97.
Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. Sportradar Group had a net margin of 1.23% and a return on equity of 1.89%. The firm had revenue of $431.19 million for the quarter. Research analysts forecast that Sportradar Group AG will post 0.25 EPS for the current year.
Analyst Ratings Changes
SRAD has been the subject of several analyst reports. UBS Group downgraded Sportradar Group from a "buy" rating to a "neutral" rating and cut their price target for the company from $30.00 to $16.00 in a report on Wednesday, August 5th. Weiss Ratings cut Sportradar Group from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, October 2nd. Stifel Nicolaus lowered their price objective on Sportradar Group from $21.00 to $20.00 and set a "buy" rating for the company in a research report on Wednesday, July 22nd. Canaccord Genuity Group lowered their price objective on Sportradar Group from $28.00 to $24.00 and set a "buy" rating for the company in a research report on Tuesday, August 4th. Finally, Freedom Capital upgraded Sportradar Group to a "strong-buy" rating in a research note on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $19.19.
View Our Latest Stock Report on Sportradar Group
Hedge Funds Weigh In On Sportradar Group
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jericho Capital Asset Management L.P. purchased a new position in Sportradar Group during the fourth quarter worth approximately $75,117,000. Spruce House Investment Management LLC purchased a new stake in shares of Sportradar Group during the 1st quarter valued at $46,035,000. The Manufacturers Life Insurance Company grew its stake in shares of Sportradar Group by 963.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,463,421 shares of the company's stock valued at $41,238,000 after buying an additional 2,231,810 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Sportradar Group during the 2nd quarter valued at $32,811,000. Finally, Stephens Investment Management Group LLC increased its holdings in shares of Sportradar Group by 40.7% during the 1st quarter. Stephens Investment Management Group LLC now owns 3,116,297 shares of the company's stock worth $52,167,000 after buying an additional 901,619 shares during the last quarter.
About Sportradar Group
(
Get Free Report)
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.
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