Massachusetts Financial Services Co. MA Lowers Position in Sportradar Group AG $SRAD

by · The Cerbat Gem

Massachusetts Financial Services Co. MA lessened its holdings in Sportradar Group AG (NASDAQ:SRAD – Free Report) by 0.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,067,263 shares of the company’s stock after selling 37,684 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Sportradar Group were worth $144,219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Sportradar Group in the first quarter valued at $573,000. Goldman Sachs Group Inc. increased its stake in 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 acquiring an additional 388,769 shares during the last quarter. Geode Capital Management LLC increased its stake in Sportradar Group by 5.3% in the second quarter. Geode Capital Management LLC now owns 182,112 shares of the company’s stock valued at $5,114,000 after acquiring an additional 9,162 shares during the last quarter. Cetera Investment Advisers bought a new position in Sportradar Group in the second quarter valued at $316,000. Finally, Legal & General Group Plc bought a new position in Sportradar Group in the second quarter valued at $260,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a research note on Friday, March 27th. Benchmark reaffirmed a “buy” rating on shares of Sportradar Group in a research note on Wednesday, January 21st. BTIG Research reduced their price objective on Sportradar Group from $32.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Citizens Jmp reduced their price objective on Sportradar Group from $34.00 to $31.00 and set a “market outperform” rating on the stock in a research note on Wednesday, March 4th. Finally, The Goldman Sachs Group reduced their price objective on Sportradar Group from $35.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

Read Our Latest Stock Report on SRAD

Sportradar Group Stock Performance

Sportradar Group stock opened at $15.47 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average of $17.72 and a 200-day moving average of $21.29. The firm has a market cap of $4.63 billion, a P/E ratio of 46.88 and a beta of 1.98. Sportradar Group AG has a 1-year low of $14.70 and a 1-year high of $32.22.

Sportradar Group (NASDAQ:SRAD – Get Free Report) last posted its earnings results on Wednesday, March 4th. The company reported $0.01 earnings per share 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 firm had revenue of $432.81 million for the quarter, compared to analysts’ expectations of $369.59 million. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. Sell-side analysts expect that Sportradar Group AG will post 0.15 EPS for the current year.

Sportradar Group Company Profile

(Free Report)

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.

Further Reading

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