Massachusetts Financial Services Co. MA Sells 37,684 Shares of Sportradar Group AG $SRAD

Massachusetts Financial Services Co. MA decreased its holdings in Sportradar Group AG (NASDAQ:SRAD) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,067,263 shares of the company’s stock after selling 37,684 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 2.03% of Sportradar Group worth $144,219,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised 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 worth $46,000 after acquiring an additional 1,620 shares during the last quarter. TD Private Client Wealth LLC grew its stake in Sportradar Group by 113.7% in the third quarter. TD Private Client Wealth LLC now owns 3,374 shares of the company’s stock valued at $91,000 after acquiring an additional 1,795 shares during the period. Pacer Advisors Inc. grew its stake in Sportradar Group by 103.5% in the third quarter. Pacer Advisors Inc. now owns 4,989 shares of the company’s stock valued at $134,000 after acquiring an additional 2,537 shares during the period. Bessemer Group Inc. boosted its position in shares of 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 buying an additional 4,770 shares during the period. Finally, Global Retirement Partners LLC boosted its position in shares of Sportradar Group by 31.2% during the third quarter. Global Retirement Partners LLC now owns 5,624 shares of the company’s stock worth $151,000 after buying an additional 1,339 shares during the period.

Sportradar Group Stock Performance

Shares of SRAD stock opened at $15.47 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.17 and a current ratio of 1.17. Sportradar Group AG has a 52-week low of $14.70 and a 52-week high of $32.22. The company has a market capitalization of $4.63 billion, a PE ratio of 46.88 and a beta of 1.98. The business’s fifty day moving average is $17.72 and its 200 day moving average is $21.29.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings data on Wednesday, March 4th. 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 return on equity of 10.32% and a net margin of 7.73%.The business had revenue of $432.81 million during the quarter, compared to analysts’ expectations of $369.59 million. The company’s revenue was up 20.2% compared to the same quarter last year. On average, equities research analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Needham & Company LLC dropped their target price on Sportradar Group from $34.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. BTIG Research reduced their price target on Sportradar Group from $32.00 to $24.00 and set a “buy” rating on the stock in a research report on Wednesday, March 4th. Wells Fargo & Company reduced their price target on Sportradar Group from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 4th. The Goldman Sachs Group lowered their price target on shares of Sportradar Group from $35.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, March 4th. Finally, Truist Financial set a $32.00 price objective on Sportradar Group in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.00.

About Sportradar Group

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.