Sportradar Group (NASDAQ:SRAD) Director William Kurtz Purchases 8,000 Shares

Sportradar Group AG (NASDAQ:SRAD) Director William Kurtz bought 8,000 shares of the stock in a transaction dated Thursday, April 30th. The stock was purchased at an average cost of $12.97 per share, for a total transaction of $103,760.00. Following the acquisition, the director owned 30,179 shares of the company’s stock, valued at approximately $391,421.63. This represents a 36.07% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Sportradar Group Price Performance

Shares of NASDAQ:SRAD opened at $13.26 on Monday. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 55.25 and a beta of 1.66. The firm’s 50-day simple moving average is $17.13 and its 200-day simple moving average is $20.16. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.06. Sportradar Group AG has a fifty-two week low of $11.66 and a fifty-two week high of $32.22.

Sportradar Group (NASDAQ:SRAD) last issued its earnings results on Wednesday, April 29th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.08). The firm had revenue of $401.11 million during the quarter, compared to analysts’ expectations of $417.86 million. Sportradar Group had a net margin of 5.20% and a return on equity of 7.28%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS. As a group, equities research analysts predict that Sportradar Group AG will post 0.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. UBS Group lowered their target price on shares of Sportradar Group from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday. Jefferies Financial Group downgraded shares of Sportradar Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $30.00 to $14.00 in a report on Friday, April 24th. Citizens Jmp lowered their target price on shares of Sportradar Group from $34.00 to $31.00 and set a “market outperform” rating on the stock in a report on Wednesday, March 4th. Guggenheim cut their target price on shares of Sportradar Group from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Morgan Stanley lifted their target price on shares of Sportradar Group from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $24.94.

Hedge Funds Weigh In On Sportradar Group

A number of institutional investors have recently modified their holdings of the company. Stephens Investment Management Group LLC raised its position in shares of Sportradar Group by 40.7% in the first quarter. Stephens Investment Management Group LLC now owns 3,116,297 shares of the company’s stock valued at $52,167,000 after buying an additional 901,619 shares during the last quarter. Counterpoint Mutual Funds LLC raised its position in shares of Sportradar Group by 29.0% in the first quarter. Counterpoint Mutual Funds LLC now owns 16,814 shares of the company’s stock valued at $281,000 after buying an additional 3,781 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Sportradar Group in the first quarter valued at approximately $685,000. Hsbc Holdings PLC raised its position in shares of Sportradar Group by 29.1% in the fourth quarter. Hsbc Holdings PLC now owns 91,798 shares of the company’s stock valued at $2,209,000 after buying an additional 20,672 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in shares of Sportradar Group by 4,969.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,982 shares of the company’s stock valued at $142,000 after buying an additional 5,864 shares during the last quarter.

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.