Sportradar Group AG $SRAD Shares Sold by Greenhouse Funds LLLP

Key Points

• Greenhouse Funds LLLP trimmed its stake in Sportradar Group AG by 20.8% in Q3, selling 1,657,648 shares and retaining 6,314,006 shares (about 2.11% of the company and ~6.2% of the fund's portfolio, ~$169.85M), making SRAD its third-largest holding.
• Sportradar's latest quarter delivered revenue of $432.8M (up 20.2% YoY) that beat estimates, but EPS was $0.01, missing consensus by $0.09; the company reported a net margin of 7.73% and a market cap around $5.4B.
• Analysts maintain a consensus rating of “Moderate Buy” with an average target of $30.16, though several firms have recently lowered price targets (e.g., BTIG $32→$24, UBS $39→$35, Needham $34→$27).

Greenhouse Funds LLLP trimmed its position in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 20.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 6,314,006 shares of the company's stock after selling 1,657,648 shares during the period. Sportradar Group accounts for approximately 6.2% of Greenhouse Funds LLLP's investment portfolio, making the stock its 3rd biggest position. Greenhouse Funds LLLP owned 2.11% of Sportradar Group worth $169,847,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

SRAD has been the topic of several recent research reports. BTIG Research cut their target price on shares of Sportradar Group from $32.00 to $24.00 and set a "buy" rating on the stock in a research report on Wednesday, March 4th. Stifel Nicolaus started coverage on shares of Sportradar Group in a research report on Thursday, January 22nd. They issued a "buy" rating and a $28.00 price target for the company. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Sportradar Group in a research note on Monday, December 29th. UBS Group cut their price target on shares of Sportradar Group from $39.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, December 9th. Finally, Needham & Company LLC reduced 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 assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Sportradar Group currently has an average rating of "Moderate Buy" and a consensus target price of $30.16.

Sportradar Group Stock Performance

Shares of SRAD stock opened at $18.04 on Thursday. The business's 50 day simple moving average is $18.72 and its 200 day simple moving average is $23.33. Sportradar Group AG has a one year low of $15.73 and a one year high of $32.22. The stock has a market capitalization of $5.40 billion, a PE ratio of 54.67 and a beta of 2.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.17 and a quick ratio of 1.36.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its earnings results on Tuesday, March 3rd. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.09). The firm had revenue of $432.81 million for the quarter, compared to analyst estimates of $369.59 million. Sportradar Group had a net margin of 7.73% and a return on equity of 10.32%. Sportradar Group's revenue was up 20.2% on a year-over-year basis. As a group, research analysts forecast that Sportradar Group AG will post 0.15 earnings per share for the current year.

Sportradar Group Company Profile

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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