American Century Companies Inc. Increases Stock Holdings in Sportradar Group AG $SRAD

Key Points

• American Century raised its stake in Sportradar by 9.7%, adding 66,736 shares to hold 754,222 shares (~0.25% of the company) worth about $20.29 million at quarter-end.
• Sportradar's latest quarter beat revenue expectations with $432.8M (up 20.2% YoY) but missed EPS at $0.01 versus a $0.10 consensus estimate.
• Analysts maintain a consensus rating of “Moderate Buy” with a $30.16 average target, though several firms recently trimmed price targets while most continue to rate the stock a Buy.

American Century Companies Inc. grew its stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 9.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 754,222 shares of the company's stock after purchasing an additional 66,736 shares during the quarter. American Century Companies Inc. owned approximately 0.25% of Sportradar Group worth $20,289,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cresset Asset Management LLC grew its holdings in shares of Sportradar Group by 2.1% during the second quarter. Cresset Asset Management LLC now owns 18,746 shares of the company's stock worth $526,000 after purchasing an additional 394 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Sportradar Group by 5.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 9,658 shares of the company's stock valued at $260,000 after purchasing an additional 489 shares during the period. Loomis Sayles & Co. L P grew its stake in Sportradar Group by 29.4% during the 2nd quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company's stock worth $99,000 after buying an additional 801 shares during the last quarter. Main Management ETF Advisors LLC increased its position in Sportradar Group by 1.6% during the second quarter. Main Management ETF Advisors LLC now owns 64,483 shares of the company's stock worth $1,811,000 after buying an additional 1,044 shares during the period. Finally, Squarepoint Ops LLC increased its position in Sportradar Group by 2.7% during the second quarter. Squarepoint Ops LLC now owns 40,838 shares of the company's stock worth $1,147,000 after buying an additional 1,083 shares during the period.

Analyst Ratings Changes

SRAD has been the subject of several research analyst reports. Guggenheim reissued a "buy" rating on shares of Sportradar Group in a report on Tuesday, March 3rd. Stifel Nicolaus initiated coverage on shares of Sportradar Group in a report on Thursday, January 22nd. They issued a "buy" rating and a $28.00 target price on the stock. Citizens Jmp decreased their price target on shares of Sportradar Group from $34.00 to $31.00 and set a "market outperform" rating for the company in a research note on Wednesday, March 4th. Wells Fargo & Company lowered their price objective on shares of Sportradar Group from $26.00 to $24.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 4th. Finally, Needham & Company LLC dropped their price objective on shares of Sportradar Group from $34.00 to $27.00 and set a "buy" rating on the stock in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.16.

Sportradar Group Trading Up 1.6%

NASDAQ:SRAD opened at $18.84 on Tuesday. Sportradar Group AG has a 12-month low of $15.73 and a 12-month high of $32.22. The company has a current ratio of 1.17, a quick ratio of 1.36 and a debt-to-equity ratio of 0.05. The stock's 50 day simple moving average is $18.95 and its 200-day simple moving average is $23.47. The firm has a market cap of $5.64 billion, a P/E ratio of 57.09 and a beta of 2.00.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.09). The company 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. Equities analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current year.

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.

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