Federated Hermes Inc. Sells 585,473 Shares of Sportradar Group AG (NASDAQ:SRAD)

Federated Hermes Inc. reduced its position in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 14.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,572,727 shares of the company's stock after selling 585,473 shares during the quarter. Federated Hermes Inc. owned approximately 0.32% of Sportradar Group worth $77,242,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SRAD. National Bank of Canada FI boosted its stake in shares of Sportradar Group by 1,366.4% in the 4th 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. Pacer Advisors Inc. lifted its position in shares of Sportradar Group by 43.9% during the 1st quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock valued at $38,000 after acquiring an additional 537 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of Sportradar Group during the 4th quarter valued at $43,000. Huntington National Bank raised its holdings in Sportradar Group by 143.3% during the fourth quarter. Huntington National Bank now owns 2,613 shares of the company's stock worth $45,000 after buying an additional 1,539 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in Sportradar Group by 34.5% during the first quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock worth $46,000 after buying an additional 551 shares during the last quarter.

Sportradar Group Stock Performance

Shares of SRAD stock remained flat at $29.57 on Friday. 2,041,156 shares of the company traded hands, compared to its average volume of 1,618,321. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a 52 week low of $10.06 and a 52 week high of $30.63. The firm's 50 day moving average is $26.88 and its two-hundred day moving average is $23.65. The stock has a market cap of $32.90 billion, a PE ratio of 155.64 and a beta of 2.07.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on SRAD. Arete Research upgraded shares of Sportradar Group to a "hold" rating in a report on Wednesday, July 9th. Arete started coverage on shares of Sportradar Group in a research note on Wednesday, July 9th. They issued a "neutral" rating and a $31.00 target price for the company. Bank of America upgraded shares of Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price target for the company in a research report on Tuesday, April 22nd. BTIG Research initiated coverage on shares of Sportradar Group in a research report on Friday, April 11th. They set a "buy" rating and a $28.00 target price for the company. Finally, UBS Group increased their target price on shares of Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Sportradar Group currently has an average rating of "Moderate Buy" and an average target price of $29.25.

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.