Bank of America Corp DE Sells 931,289 Shares of Sportradar Group AG (NASDAQ:SRAD)

Bank of America Corp DE lessened its position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 79.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 241,188 shares of the company's stock after selling 931,289 shares during the quarter. Bank of America Corp DE's holdings in Sportradar Group were worth $4,182,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SRAD. LPL Financial LLC increased its holdings in Sportradar Group by 3.7% in the fourth quarter. LPL Financial LLC now owns 35,663 shares of the company's stock valued at $618,000 after purchasing an additional 1,287 shares during the last quarter. XTX Topco Ltd increased its holdings in Sportradar Group by 5.8% in the fourth quarter. XTX Topco Ltd now owns 25,591 shares of the company's stock valued at $444,000 after purchasing an additional 1,414 shares during the last quarter. National Bank of Canada FI increased its holdings in Sportradar Group by 1,366.4% in the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock valued at $27,000 after purchasing an additional 1,462 shares during the last quarter. Huntington National Bank increased its holdings in Sportradar Group by 143.3% in the fourth quarter. Huntington National Bank now owns 2,613 shares of the company's stock valued at $45,000 after purchasing an additional 1,539 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Sportradar Group in the fourth quarter valued at about $28,000.

Sportradar Group Stock Down 0.2%

NASDAQ SRAD traded down $0.04 during trading hours on Friday, hitting $23.96. 1,984,531 shares of the company traded hands, compared to its average volume of 947,984. Sportradar Group AG has a twelve month low of $10.06 and a twelve month high of $25.85. The stock has a market capitalization of $26.66 billion, a price-to-earnings ratio of 119.81, a P/E/G ratio of 1.53 and a beta of 2.08. The business's 50-day moving average is $22.93 and its 200-day moving average is $20.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The firm had revenue of $336.71 million for the quarter, compared to analyst estimates of $318.81 million. The business's revenue for the quarter was up 17.0% on a year-over-year basis. Sell-side analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Morgan Stanley upped their price objective on Sportradar Group from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday, April 16th. JPMorgan Chase & Co. increased their price target on Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Guggenheim restated a "buy" rating and issued a $27.00 price target on shares of Sportradar Group in a report on Thursday, April 3rd. Citigroup increased their price target on Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Finally, BTIG Research initiated coverage on Sportradar Group in a report on Friday, April 11th. They issued a "buy" rating and a $28.00 price target for the company. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

Sportradar Group Company Profile

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.