Federated Hermes Inc. Sells 156,740 Shares of Sportradar Group AG $SRAD

Federated Hermes Inc. trimmed its position in shares of Sportradar Group AG (NASDAQ:SRAD) by 4.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,138,525 shares of the company’s stock after selling 156,740 shares during the quarter. Federated Hermes Inc. owned 1.05% of Sportradar Group worth $84,426,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Partners LLC boosted its stake in shares of Sportradar Group by 2,137.8% during the 2nd quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock worth $28,000 after purchasing an additional 962 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of 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 valued at $46,000 after buying an additional 1,620 shares during the period. TD Private Client Wealth LLC grew its stake in shares of Sportradar Group by 113.7% during the third quarter. TD Private Client Wealth LLC now owns 3,374 shares of the company’s stock valued at $91,000 after buying an additional 1,795 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of Sportradar Group by 29.4% in the second quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock worth $99,000 after buying an additional 801 shares during the period. Finally, Huntington National Bank raised its holdings in shares of Sportradar Group by 33.1% in the second quarter. Huntington National Bank now owns 3,946 shares of the company’s stock worth $111,000 after buying an additional 982 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Arete Research upgraded Sportradar Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Guggenheim boosted their target price on shares of Sportradar Group from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. UBS Group cut their price target on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Stifel Nicolaus assumed coverage on shares of Sportradar Group in a report on Thursday, January 22nd. They set a “buy” rating and a $28.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on shares of Sportradar Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.70.

Sportradar Group Stock Up 0.3%

Shares of Sportradar Group stock opened at $18.58 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market cap of $5.56 billion, a price-to-earnings ratio of 58.06 and a beta of 2.01. The firm’s 50-day moving average is $21.65 and its two-hundred day moving average is $25.79. Sportradar Group AG has a 1 year low of $17.73 and a 1 year high of $32.22.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $342.71 million during the quarter, compared to analysts’ expectations of $295.04 million. Sportradar Group had a return on equity of 9.97% and a net margin of 7.84%.Sportradar Group’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 EPS. As a group, research analysts expect that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Sportradar Group Company 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.