Sportradar Group AG $SRAD Shares Sold by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. lessened its stake in Sportradar Group AG (NASDAQ:SRAD) by 59.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 100,002 shares of the company’s stock after selling 146,998 shares during the period. BW Gestao de Investimentos Ltda.’s holdings in Sportradar Group were worth $2,690,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Sportradar Group during the first quarter worth $573,000. Goldman Sachs Group Inc. grew its stake in shares of Sportradar Group by 175.4% in the first quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock valued at $13,197,000 after buying an additional 388,769 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Sportradar Group by 52.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 104,596 shares of the company’s stock valued at $2,937,000 after buying an additional 36,052 shares during the period. Assetmark Inc. lifted its stake in Sportradar Group by 2,163.3% during the 2nd quarter. Assetmark Inc. now owns 4,753 shares of the company’s stock worth $133,000 after acquiring an additional 4,543 shares in the last quarter. Finally, Wedbush Securities Inc. acquired a new position in Sportradar Group during the 2nd quarter worth about $228,000.

Sportradar Group Trading Up 1.6%

SRAD opened at $18.84 on Tuesday. The business has a fifty day moving average price of $18.95 and a 200 day moving average price of $23.47. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.17 and a quick ratio of 1.36. Sportradar Group AG has a 12 month low of $15.73 and a 12 month high of $32.22. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 57.09 and a beta of 2.00.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). Sportradar Group had a net margin of 7.73% and a return on equity of 10.32%. The company had revenue of $432.81 million during the quarter, compared to analyst estimates of $369.59 million. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. Sell-side analysts expect that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Sportradar Group in a report on Monday, December 29th. Stifel Nicolaus started coverage on shares of Sportradar Group in a research report on Thursday, January 22nd. They set a “buy” rating and a $28.00 price target on the stock. Guggenheim reissued a “buy” rating on shares of Sportradar Group in a research note on Tuesday, March 3rd. Wells Fargo & Company dropped their price objective on shares of Sportradar Group from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Wednesday, March 4th. Finally, BTIG Research cut their target price on shares of Sportradar Group from $32.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Sportradar Group presently has an average rating of “Moderate Buy” and an average price target of $30.16.

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.