Sportradar Group (NASDAQ:SRAD) Stock: Insider James Scott Ritter Sells 3,500 Shares

Sportradar Group AG (NASDAQ:SRAD) CAO James Scott Ritter sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $12.83, for a total value of $44,905.00. Following the completion of the sale, the chief accounting officer owned 37,113 shares of the company’s stock, valued at approximately $476,159.79. This represents a 8.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Sportradar Group Price Performance

SRAD stock opened at $13.22 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $3.96 billion, a P/E ratio of 167.12 and a beta of 1.66. The business has a 50 day simple moving average of $12.63 and a 200-day simple moving average of $14.76. Sportradar Group AG has a twelve month low of $11.39 and a twelve month high of $24.17.

Sportradar Group (NASDAQ:SRAD) last announced its earnings results on Tuesday, November 3rd. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $410.62 million during the quarter, compared to analyst estimates of $405.74 million. Sportradar Group had a net margin of 1.47% and a return on equity of 2.57%. The business’s revenue was up 24.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 earnings per share. As a group, equities analysts anticipate that Sportradar Group AG will post 0.23 EPS for the current year.

Wall Street Analyst Weigh In

SRAD has been the topic of several research reports. Citizens Jmp lowered their price objective on shares of Sportradar Group from $20.00 to $19.00 and set a “market outperform” rating on the stock in a research report on Wednesday, November 4th. Weiss Ratings upgraded shares of Sportradar Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, November 4th. UBS Group cut shares of Sportradar Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $30.00 to $16.00 in a report on Wednesday, August 5th. Truist Financial increased their target price on shares of Sportradar Group from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, November 4th. Finally, Canaccord Genuity Group decreased their target price on shares of Sportradar Group from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.97.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Stephens Investment Management Group LLC lifted its holdings in shares of Sportradar Group by 4.1% during the third quarter. Stephens Investment Management Group LLC now owns 4,181,709 shares of the company’s stock worth $48,341,000 after purchasing an additional 166,053 shares during the period. Spruce House Investment Management LLC purchased a new position in Sportradar Group in the 1st quarter valued at $46,035,000. The Manufacturers Life Insurance Company grew its position in Sportradar Group by 963.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 2,463,421 shares of the company’s stock valued at $41,238,000 after buying an additional 2,231,810 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Sportradar Group in the 2nd quarter valued at $32,811,000. Finally, Principal Financial Group Inc. increased its stake in Sportradar Group by 34.8% in the 1st quarter. Principal Financial Group Inc. now owns 1,826,209 shares of the company’s stock valued at $30,571,000 after buying an additional 471,309 shares during the period.

Sportradar Group Company Profile

Sportradar Group AG is a sports technology company that provides data, content and related services to sports leagues, media companies and sports betting operators. Its offerings include live and historical sports data, odds and betting solutions, audiovisual content, and tools designed to support fan engagement and digital experiences. The company also provides services to help sports organizations monitor competitions and identify potential integrity issues, including through its sports integrity and anti-fraud solutions.