Exchange Traded Concepts LLC Lowers Position in Sportradar Group AG $SRAD

Exchange Traded Concepts LLC trimmed its position in shares of Sportradar Group AG (NASDAQ:SRAD) by 36.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,257 shares of the company’s stock after selling 58,918 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Sportradar Group were worth $2,431,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Sportradar Group in the 1st quarter valued at approximately $573,000. Goldman Sachs Group Inc. raised its stake in shares of Sportradar Group by 175.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock worth $13,197,000 after buying an additional 388,769 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Sportradar Group by 5.3% during the 2nd quarter. Geode Capital Management LLC now owns 182,112 shares of the company’s stock worth $5,114,000 after buying an additional 9,162 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of Sportradar Group in the 2nd quarter valued at approximately $316,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Sportradar Group by 281.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 684,055 shares of the company’s stock valued at $19,208,000 after buying an additional 504,673 shares during the period.

Sportradar Group Stock Performance

SRAD opened at $16.74 on Wednesday. Sportradar Group AG has a 1-year low of $15.73 and a 1-year high of $32.22. The stock has a market cap of $5.01 billion, a P/E ratio of 50.73 and a beta of 2.00. The stock’s 50 day simple moving average is $18.03 and its 200 day simple moving average is $22.04. 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 (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 the consensus estimate of $0.10 by ($0.09). The firm had revenue of $432.81 million for the quarter, compared to analyst estimates of $369.59 million. Sportradar Group had a return on equity of 10.32% and a net margin of 7.73%.The firm’s revenue was up 20.2% compared to the same quarter last year. As a group, equities analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SRAD shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sportradar Group in a report on Friday. Morgan Stanley reduced their target price on Sportradar Group from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, March 25th. Guggenheim restated a “buy” rating on shares of Sportradar Group in a research report on Tuesday, March 3rd. Truist Financial set a $32.00 price target on shares of Sportradar Group in a research note on Tuesday, March 3rd. Finally, UBS Group cut their price target on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.22.

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.