Key Points
- Sportradar CAO James Scott Ritter sold 3,500 shares for $44,905, at an average price of $12.83. After the sale, he retained 37,113 shares, an 8.62% reduction in his holdings.
- Sportradar’s quarterly revenue rose 24.1% year over year to $410.62 million, beating forecasts, while earnings of $0.10 per share fell short of the $0.11 consensus estimate.
- Analysts’ consensus rating is Moderate Buy, with an average price target of $17.97; recent targets ranged from $13.50 to $20.00.
Sportradar Group AG (NASDAQ:SRAD - Get Free Report) CAO James Scott Ritter sold 3,500 shares of Sportradar Group stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $12.83, for a total transaction of $44,905.00. Following the sale, the chief accounting officer owned 37,113 shares of the company's stock, valued at approximately $476,159.79. The trade was a 8.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Sportradar Group Stock Down 1.8%
SRAD stock opened at $13.37 on Wednesday. The company has a market capitalization of $4.00 billion, a P/E ratio of 170.12 and a beta of 1.66. Sportradar Group AG has a 12 month low of $11.39 and a 12 month high of $24.17. The firm's fifty day simple moving average is $12.62 and its 200-day simple moving average is $14.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.80 and a quick ratio of 0.80.
Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). Sportradar Group had a net margin of 1.47% and a return on equity of 2.57%. The business had revenue of $410.62 million during the quarter, compared to analysts' expectations of $405.74 million. During the same period in the previous year, the company posted $0.07 earnings per share. Sportradar Group's revenue for the quarter was up 24.1% compared to the same quarter last year. As a group, equities research analysts forecast that Sportradar Group AG will post 0.21 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Freedom Capital raised Sportradar Group to a "strong-buy" rating in a report on Monday, July 20th. Truist Financial raised 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 boosted their price target on Sportradar Group from $17.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, November 4th. Morgan Stanley lowered their price objective on Sportradar Group from $15.00 to $13.50 and set an "equal weight" rating on the stock in a research report on Monday, October 19th. Finally, Benchmark reaffirmed a "buy" rating on shares of Sportradar Group in a research note on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.97.
Check Out Our Latest Analysis on Sportradar Group
Hedge Funds Weigh In On Sportradar Group
Hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC increased its position in shares of Sportradar Group by 6.1% in the first quarter. Parallel Advisors LLC now owns 16,388 shares of the company's stock valued at $274,000 after buying an additional 937 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of Sportradar Group by 3.2% during 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. Glenmede Trust Co. NA lifted its position in shares of Sportradar Group by 3.8% during the 1st quarter. Glenmede Trust Co. NA now owns 26,470 shares of the company's stock valued at $443,000 after buying an additional 970 shares in the last quarter. Allied Private Wealth LLC acquired a new stake in Sportradar Group in the 2nd quarter valued at $61,000. Finally, Vontobel Holding Ltd. grew its stake in Sportradar Group by 16.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 31,311 shares of the company's stock valued at $362,000 after acquiring an additional 4,359 shares during the period.
Sportradar Group Company Profile
(
Get Free Report)
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.
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