Principal Financial Group Inc. Has $27.82 Million Stock Holdings in Sportradar Group AG $SRAD

Principal Financial Group Inc. lowered its stake in Sportradar Group AG (NASDAQ:SRAD) by 11.0% during the third quarter, Holdings Channel reports. The institutional investor owned 1,034,152 shares of the company’s stock after selling 127,863 shares during the period. Principal Financial Group Inc.’s holdings in Sportradar Group were worth $27,819,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Cresset Asset Management LLC boosted its holdings in shares of Sportradar Group by 2.1% during the second quarter. Cresset Asset Management LLC now owns 18,746 shares of the company’s stock worth $526,000 after acquiring an additional 394 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Sportradar Group by 5.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 9,658 shares of the company’s stock worth $260,000 after purchasing an additional 489 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in Sportradar Group by 29.4% in the 2nd quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock valued at $99,000 after purchasing an additional 801 shares during the period. Truist Financial Corp increased its position in Sportradar Group by 4.7% during the 2nd quarter. Truist Financial Corp now owns 21,829 shares of the company’s stock worth $613,000 after buying an additional 973 shares during the period. Finally, Huntington National Bank lifted its holdings in shares of Sportradar Group by 33.1% during the second quarter. Huntington National Bank now owns 3,946 shares of the company’s stock worth $111,000 after buying an additional 982 shares in the last quarter.

Sportradar Group Price Performance

SRAD stock opened at $16.99 on Friday. The company’s 50-day moving average price is $21.11 and its two-hundred day moving average price is $25.23. The firm has a market cap of $5.09 billion, a P/E ratio of 53.10 and a beta of 2.01. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.05. Sportradar Group AG has a 12 month low of $16.86 and a 12 month high of $32.22.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $342.71 million for the quarter, compared to analyst estimates of $295.04 million. Sportradar Group had a return on equity of 9.97% and a net margin of 7.84%.The business’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 EPS. On average, analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

SRAD has been the topic of several research reports. Guggenheim upped their price target on shares of Sportradar Group from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Arete Research upgraded shares of Sportradar Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Stifel Nicolaus started coverage on shares of Sportradar Group in a research report on Thursday, January 22nd. They set a “buy” rating and a $28.00 target price on the stock. UBS Group lowered their target price on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Finally, Benchmark reiterated a “buy” rating on shares of Sportradar Group in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.70.

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.