Sportradar Group AG $SRAD Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC decreased its stake in shares of Sportradar Group AG (NASDAQ:SRAD) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,118,791 shares of the company’s stock after selling 55,243 shares during the period. William Blair Investment Management LLC owned 0.37% of Sportradar Group worth $26,594,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SRAD. Tower Research Capital LLC TRC increased its position in Sportradar Group by 10,125.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after purchasing an additional 1,620 shares during the last quarter. CWM LLC increased its position in Sportradar Group by 316.0% during the fourth quarter. CWM LLC now owns 2,475 shares of the company’s stock worth $59,000 after purchasing an additional 1,880 shares during the last quarter. Farther Finance Advisors LLC increased its position in Sportradar Group by 436.1% during the fourth quarter. Farther Finance Advisors LLC now owns 3,431 shares of the company’s stock worth $82,000 after purchasing an additional 2,791 shares during the last quarter. Bessemer Group Inc. increased its position in Sportradar Group by 788.4% during the third quarter. Bessemer Group Inc. now owns 5,375 shares of the company’s stock worth $144,000 after purchasing an additional 4,770 shares during the last quarter. Finally, Vestcor Inc acquired a new position in Sportradar Group during the third quarter worth approximately $192,000.

Insiders Place Their Bets

In other news, Director Rajani Ramanathan bought 8,003 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was acquired at an average cost of $12.49 per share, for a total transaction of $99,957.47. Following the completion of the purchase, the director owned 38,947 shares of the company’s stock, valued at $486,448.03. This trade represents a 25.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marc Walder acquired 66,000 shares of Sportradar Group stock in a transaction on Thursday, April 30th. The shares were bought at an average price of $12.77 per share, for a total transaction of $842,820.00. Following the completion of the purchase, the director directly owned 342,563 shares in the company, valued at $4,374,529.51. The trade was a 23.86% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 357,893 shares of company stock valued at $4,668,220. Corporate insiders own 85.02% of the company’s stock.

Sportradar Group Price Performance

Shares of SRAD stock opened at $13.03 on Tuesday. The company has a market capitalization of $3.90 billion, a PE ratio of 54.29 and a beta of 1.65. The firm has a fifty day simple moving average of $15.52 and a 200-day simple moving average of $18.73. 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 twelve month low of $11.66 and a twelve month high of $32.22.

Sportradar Group (NASDAQ:SRAD) last announced 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%. Sportradar Group’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 earnings per share. Equities research analysts anticipate that Sportradar Group AG will post 0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Citigroup dropped their price target 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. Guggenheim decreased their price objective on shares of Sportradar Group from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Stifel Nicolaus decreased 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 note on Wednesday, April 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sportradar Group in a research note on Friday, March 27th. Finally, Citizens Jmp decreased their price objective on shares of Sportradar Group from $34.00 to $31.00 and set a “market outperform” rating for the company in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.94.

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.