Sportradar Group (NASDAQ:SRAD) CEO Carsten Koerl Buys 111,100 Shares

Sportradar Group AG (NASDAQ:SRAD) CEO Carsten Koerl bought 111,100 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average cost of $13.06 per share, with a total value of $1,450,966.00. Following the transaction, the chief executive officer owned 2,135,272 shares in the company, valued at approximately $27,886,652.32. This represents a 5.49% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Carsten Koerl also recently made the following trade(s):

• On Friday, May 1st, Carsten Koerl acquired 143,000 shares of Sportradar Group stock. The stock was purchased at an average cost of $13.23 per share, with a total value of $1,891,890.00.

Sportradar Group Stock Down 1.8%

NASDAQ:SRAD traded down $0.24 during trading hours on Monday, hitting $13.02. The stock had a trading volume of 3,093,465 shares, compared to its average volume of 3,362,993. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06. Sportradar Group AG has a 1-year low of $11.66 and a 1-year high of $32.22. The business has a 50 day simple moving average of $17.13 and a two-hundred day simple moving average of $20.16. The company has a market cap of $3.90 billion, a PE ratio of 54.25 and a beta of 1.66.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings data 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). Sportradar Group had a net margin of 5.20% and a return on equity of 7.28%. The firm had revenue of $401.11 million during the quarter, compared to analyst estimates of $417.86 million. During the same period last year, the business earned $0.07 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. Analysts predict that Sportradar Group AG will post 0.44 EPS for the current year.

Institutional Trading of Sportradar Group

A number of hedge funds have recently made changes to their positions in SRAD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Sportradar Group during the first quarter worth approximately $573,000. Goldman Sachs Group Inc. grew its position in shares of Sportradar Group by 175.4% during the first quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock worth $13,197,000 after buying an additional 388,769 shares in the last quarter. Geode Capital Management LLC lifted its stake in Sportradar Group by 5.3% during the second quarter. Geode Capital Management LLC now owns 182,112 shares of the company’s stock worth $5,114,000 after purchasing an additional 9,162 shares during the last quarter. Cetera Investment Advisers bought a new position in Sportradar Group during the second quarter worth $316,000. Finally, Legal & General Group Plc bought a new position in Sportradar Group during the second quarter worth $260,000.

Analyst Upgrades and Downgrades

SRAD has been the subject of several recent research reports. BTIG Research lowered their price objective on shares of Sportradar Group from $23.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Stifel Nicolaus lowered their price objective on shares of Sportradar Group from $25.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Morgan Stanley increased their price objective on shares of Sportradar Group from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Citigroup lowered their price objective on shares of Sportradar Group from $28.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Needham & Company LLC lowered their price objective on shares of Sportradar Group from $27.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. One 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. According to MarketBeat, Sportradar Group presently has a consensus rating of “Moderate Buy” and an average price target of $24.94.

Sportradar Group News Summary

Here are the key news stories impacting Sportradar Group this week:

• Positive Sentiment: Multiple insiders bought shares at ~\$12.49–\$13.00, signaling board-level buying and possible confidence in the company’s outlook. Director Deirdre Mary Bigley purchased 3,940 shares at an average \$12.57. Deirdre Bigley SEC Filing
• Positive Sentiment: Director George Fleet acquired 7,850 shares at \$12.73, a ~5.1% increase in his position. George Fleet SEC Filing
• Positive Sentiment: Director William Kurtz bought 8,000 shares at \$12.97, raising his stake ~36%. William Kurtz SEC Filing
• Positive Sentiment: Director Rajani Ramanathan purchased 8,003 shares at \$12.49, increasing her holding by ~25.9%. Rajani Ramanathan SEC Filing
• Positive Sentiment: Director Jeffery W. Yabuki made two purchases (7,000 shares at \$12.91 and 3,000 shares at \$13.00), modestly increasing his holdings. Jeffery Yabuki SEC Filing
• Positive Sentiment: Director Marc Walder bought 66,000 shares at \$12.77, a sizable ~23.9% increase in his stake — the largest insider buy reported. Marc Walder SEC Filing
• Negative Sentiment: Rosen Law Firm announced an investigation into possible securities claims alleging Sportradar issued materially misleading information to investors — a typical trigger for sell pressure and increased legal/regulatory risk. Rosen Law Firm Investigation
• Negative Sentiment: Bleichmar Fonti & Auld (BFA) announced an investigation following a reported ~22% stock drop tied to alleged illegal activities; such third?party probes amplify downside risk and can prolong volatility. BFA Investigation Notice

About Sportradar Group

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.