Rice Hall James & Associates LLC Purchases 341,200 Shares of Sportradar Group AG $SRAD

Rice Hall James & Associates LLC raised its position in shares of Sportradar Group AG (NASDAQ:SRAD) by 42.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,140,417 shares of the company’s stock after acquiring an additional 341,200 shares during the period. Sportradar Group makes up approximately 1.5% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 17th largest position. Rice Hall James & Associates LLC’s holdings in Sportradar Group were worth $27,108,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in SRAD. Stephens Investment Management Group LLC bought a new stake in shares of Sportradar Group during the fourth quarter worth approximately $52,643,000. Norges Bank bought a new stake in shares of Sportradar Group during the fourth quarter worth approximately $35,866,000. Bank of America Corp DE boosted its holdings in shares of Sportradar Group by 491.6% during the third quarter. Bank of America Corp DE now owns 1,728,426 shares of the company’s stock worth $46,495,000 after acquiring an additional 1,436,263 shares during the period. UBS Group AG boosted its holdings in shares of Sportradar Group by 107.1% during the fourth quarter. UBS Group AG now owns 2,394,126 shares of the company’s stock worth $56,908,000 after acquiring an additional 1,238,054 shares during the period. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Sportradar Group by 200.4% during the third quarter. Qube Research & Technologies Ltd now owns 1,049,914 shares of the company’s stock worth $28,243,000 after acquiring an additional 700,388 shares during the period.

Sportradar Group Trading Down 0.2%

Shares of SRAD stock opened at $15.96 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06. The stock has a market cap of $4.78 billion, a P/E ratio of 66.50 and a beta of 1.64. The stock has a 50 day simple moving average of $14.45 and a 200 day simple moving average of $17.91. Sportradar Group AG has a 1 year low of $11.66 and a 1 year high of $32.22.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings results on Wednesday, April 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.08). The company had revenue of $401.11 million during the quarter, compared to the consensus estimate of $417.86 million. Sportradar Group had a net margin of 5.20% and a return on equity of 7.28%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 earnings per share. On average, research analysts predict that Sportradar Group AG will post 0.4 earnings per share for the current fiscal year.

Insider Activity

In other Sportradar Group news, Director Deirdre Mary Bigley bought 3,940 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was purchased at an average cost of $12.57 per share, for a total transaction of $49,525.80. Following the completion of the purchase, the director directly owned 13,897 shares of the company’s stock, valued at approximately $174,685.29. This trade represents a 39.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George Fleet bought 7,850 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were acquired at an average price of $12.73 per share, with a total value of $99,930.50. Following the completion of the purchase, the director directly owned 160,873 shares of the company’s stock, valued at approximately $2,047,913.29. The trade was a 5.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders purchased 357,893 shares of company stock valued at $4,668,220.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SRAD. Benchmark cut their price target on Sportradar Group from $23.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Needham & Company LLC boosted their price target on Sportradar Group from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, June 8th. UBS Group reiterated a “buy” rating on shares of Sportradar Group in a research note on Tuesday, June 9th. Wells Fargo & Company cut their price target on Sportradar Group from $24.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Finally, Citigroup cut their price target on Sportradar Group from $28.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Sportradar Group presently has an average rating of “Moderate Buy” and an average price target of $24.06.

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.