Sellaronda Global Management LP Takes $12.14 Million Position in Sportradar Group AG $SRAD

by · The Markets Daily

Sellaronda Global Management LP purchased a new stake in shares of Sportradar Group AG (NASDAQ:SRAD – Free Report) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 725,000 shares of the company’s stock, valued at approximately $12,136,000. Sportradar Group accounts for approximately 8.0% of Sellaronda Global Management LP’s portfolio, making the stock its 8th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its holdings in Sportradar Group by 93.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock worth $31,000 after purchasing an additional 620 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Sportradar Group during the 4th quarter valued at $31,000. Tower Research Capital LLC TRC boosted its holdings in shares of Sportradar Group by 10,125.0% during the 2nd 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 in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Sportradar Group in the 4th quarter worth about $45,000. Finally, CWM LLC grew its position in shares of Sportradar Group by 316.0% in the 4th quarter. CWM LLC now owns 2,475 shares of the company’s stock worth $59,000 after buying an additional 1,880 shares during the period.

Sportradar Group Stock Performance

SRAD stock opened at $14.28 on Friday. The stock’s 50 day simple moving average is $14.63 and its 200 day simple moving average is $16.37. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06. Sportradar Group AG has a 12-month low of $11.66 and a 12-month high of $32.22. The stock has a market capitalization of $4.28 billion, a PE ratio of 59.50 and a beta of 1.60.

Sportradar Group (NASDAQ:SRAD – Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). Sportradar Group had a return on equity of 7.28% and a net margin of 5.20%.The business had revenue of $401.11 million during the quarter, compared to the consensus estimate of $417.86 million. During the same period in the previous year, the business posted $0.07 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, research analysts forecast that Sportradar Group AG will post 0.39 earnings per share for the current fiscal year.

Insider Activity at Sportradar Group

In other Sportradar Group news, Director William Kurtz bought 8,000 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of $12.97 per share, with a total value of $103,760.00. Following the transaction, the director owned 30,179 shares in the company, valued at $391,421.63. This represents a 36.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Deirdre Mary Bigley bought 3,940 shares of the stock in a transaction on Thursday, April 30th. The shares were bought at an average price of $12.57 per share, for a total transaction of $49,525.80. Following the purchase, the director directly owned 13,897 shares in the company, valued at approximately $174,685.29. This trade represents a 39.57% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 357,893 shares of company stock valued at $4,668,220 over the last three months. 85.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SRAD shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a research report on Friday, March 27th. Morgan Stanley upped their price objective on shares of Sportradar Group from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Citizens Jmp decreased their target price on shares of Sportradar Group from $26.00 to $24.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 8th. UBS Group reiterated a “buy” rating on shares of Sportradar Group in a report on Tuesday, June 9th. Finally, Zacks Research cut Sportradar Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Sportradar Group currently has a consensus rating of “Moderate Buy” and an average price target of $22.47.

Check Out Our Latest Research Report on Sportradar Group

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.

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