Tower Research Capital LLC TRC Sells 4,487 Shares of Sportradar Group AG (NASDAQ:SRAD)

Tower Research Capital LLC TRC lowered its stake in shares of Sportradar Group AG (NASDAQ:SRAD) by 74.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,573 shares of the company’s stock after selling 4,487 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Sportradar Group were worth $27,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership increased its position in shares of Sportradar Group by 47.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company’s stock valued at $24,370,000 after purchasing an additional 454,826 shares during the last quarter. Sellaronda Global Management LP bought a new position in shares of Sportradar Group during the 4th quarter valued at approximately $14,739,000. New York State Common Retirement Fund bought a new position in shares of Sportradar Group during the 4th quarter valued at approximately $12,887,000. Cambiar Investors LLC bought a new position in Sportradar Group in the 4th quarter valued at $10,837,000. Finally, Nixon Capital LLC bought a new position in Sportradar Group in the 4th quarter valued at $8,319,000.

Sportradar Group Price Performance

SRAD opened at $23.98 on Friday. Sportradar Group AG has a 12-month low of $9.94 and a 12-month high of $25.85. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The business’s fifty day simple moving average is $22.44 and its 200-day simple moving average is $19.95. The company has a market capitalization of $26.68 billion, a price-to-earnings ratio of 119.91, a PEG ratio of 1.53 and a beta of 2.08.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $336.71 million during the quarter, compared to analysts’ expectations of $318.81 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. Sportradar Group’s revenue for the quarter was up 17.0% compared to the same quarter last year. On average, equities research analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on SRAD. Citigroup upped their price objective on Sportradar Group from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Guggenheim reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Sportradar Group in a research report on Thursday, April 3rd. Benchmark upped their price objective on Sportradar Group from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, April 16th. Canaccord Genuity Group upped their price objective on Sportradar Group from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, April 3rd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $19.00 price objective on shares of Sportradar Group in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

About Sportradar Group

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.