Exchange Traded Concepts LLC Cuts Stake in Sportradar Group AG (NASDAQ:SRAD)

Exchange Traded Concepts LLC lessened its holdings in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 13.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 149,605 shares of the company's stock after selling 22,650 shares during the period. Exchange Traded Concepts LLC's holdings in Sportradar Group were worth $3,234,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SRAD. Greenhouse Funds LLLP increased its stake in shares of Sportradar Group by 2.0% during the fourth quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company's stock worth $170,868,000 after buying an additional 193,962 shares during the period. Unisphere Establishment acquired a new position in Sportradar Group during the 4th quarter worth approximately $51,596,000. Granahan Investment Management LLC increased its position in shares of Sportradar Group by 86.2% in the 4th quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock valued at $34,836,000 after purchasing an additional 930,310 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Sportradar Group by 47.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company's stock valued at $24,370,000 after purchasing an additional 454,826 shares in the last quarter. Finally, Sellaronda Global Management LP purchased a new stake in shares of Sportradar Group during the 4th quarter worth $14,739,000.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Morgan Stanley increased their target price on Sportradar Group from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday, April 16th. Benchmark increased their price objective on Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Needham & Company LLC restated a "buy" rating and set a $27.00 target price on shares of Sportradar Group in a research note on Monday, May 12th. Guggenheim reaffirmed a "buy" rating and issued a $27.00 price target on shares of Sportradar Group in a report on Thursday, April 3rd. Finally, Macquarie initiated coverage on shares of Sportradar Group in a report on Friday. They set an "outperform" rating and a $32.00 price objective on the stock. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Sportradar Group has an average rating of "Moderate Buy" and an average price target of $27.38.

Sportradar Group Stock Performance

NASDAQ SRAD traded up $0.22 during trading on Friday, reaching $25.42. The company's stock had a trading volume of 1,645,873 shares, compared to its average volume of 1,015,234. The business's fifty day moving average price is $23.71 and its 200-day moving average price is $21.32. Sportradar Group AG has a twelve month low of $10.06 and a twelve month high of $26.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $28.28 billion, a price-to-earnings ratio of 133.82 and a beta of 2.04.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $336.71 million for the quarter, compared to analysts' expectations of $318.81 million. Sportradar Group had a return on equity of 6.38% and a net margin of 5.16%. The company's revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

About Sportradar Group

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.