Sportradar Group AG $SRAD Shares Sold by Wealth High Governance Capital Ltda

Wealth High Governance Capital Ltda lessened its position in Sportradar Group AG (NASDAQ:SRAD) by 62.8% during the third quarter, Holdings Channel reports. The fund owned 149,998 shares of the company’s stock after selling 253,002 shares during the quarter. Wealth High Governance Capital Ltda’s holdings in Sportradar Group were worth $4,035,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Greenhouse Funds LLLP grew its position in Sportradar Group by 1.6% in the 2nd quarter. Greenhouse Funds LLLP now owns 7,971,654 shares of the company’s stock worth $223,844,000 after purchasing an additional 129,276 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Sportradar Group by 39.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,104,947 shares of the company’s stock valued at $164,223,000 after buying an additional 1,721,495 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Sportradar Group by 14.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,175,498 shares of the company’s stock valued at $85,421,000 after buying an additional 409,545 shares during the last quarter. Invesco Ltd. boosted its position in shares of Sportradar Group by 0.5% during the third quarter. Invesco Ltd. now owns 2,988,207 shares of the company’s stock worth $80,383,000 after buying an additional 15,394 shares during the period. Finally, Voya Investment Management LLC grew its holdings in Sportradar Group by 18.6% in the 3rd quarter. Voya Investment Management LLC now owns 1,548,353 shares of the company’s stock worth $41,651,000 after buying an additional 242,699 shares in the last quarter.

Sportradar Group Price Performance

NASDAQ:SRAD traded down $0.40 during midday trading on Friday, hitting $18.72. 913,620 shares of the stock were exchanged, compared to its average volume of 2,772,099. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 56.56 and a beta of 2.00. The company has a current ratio of 1.17, a quick ratio of 1.36 and a debt-to-equity ratio of 0.05. Sportradar Group AG has a one year low of $15.73 and a one year high of $32.22. The business has a 50-day moving average price of $18.62 and a two-hundred day moving average price of $23.30.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). Sportradar Group had a net margin of 7.73% and a return on equity of 10.32%. The firm had revenue of $432.81 million for the quarter, compared to the consensus estimate of $369.59 million. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. Sell-side analysts predict that Sportradar Group AG will post 0.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on SRAD shares. Stifel Nicolaus initiated coverage on Sportradar Group in a research report on Thursday, January 22nd. They issued a “buy” rating and a $28.00 target price on the stock. Truist Financial set a $32.00 price target on Sportradar Group in a research note on Tuesday, March 3rd. UBS Group lowered their price target on Sportradar Group from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Wells Fargo & Company cut their price objective on shares of Sportradar Group from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 4th. Finally, The Goldman Sachs Group reduced their price objective on shares of Sportradar Group from $35.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sportradar Group currently has an average rating of “Moderate Buy” and a consensus target price of $30.16.

Sportradar Group Company 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.