Insider Buying: Sportradar Group (NASDAQ:SRAD) Director Acquires 3,940 Shares of Stock

Key Points

• Director Deirdre Mary Bigley bought 3,940 shares on April 30 at an average price of $12.57 (total ~$49,525.80), increasing her stake to 13,897 shares—a 39.57% rise in ownership now valued at about $174,685.
• Sportradar missed quarterly estimates, reporting EPS of -$0.02 versus a $0.06 consensus and revenue of $401.11M versus $417.86M (revenue +11.3% YoY); analysts have trimmed price targets but the consensus remains a "Moderate Buy" with a $24.94 target.

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) Director Deirdre Mary Bigley purchased 3,940 shares of the firm's stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average price of $12.57 per share, for a total transaction of $49,525.80. Following the completion of the transaction, the director owned 13,897 shares in the company, valued at $174,685.29. The trade was a 39.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Sportradar Group Price Performance

NASDAQ SRAD opened at $13.26 on Monday. The firm has a market cap of $3.97 billion, a PE ratio of 55.25 and a beta of 1.66. Sportradar Group AG has a one year low of $11.66 and a one year high of $32.22. The stock's 50 day simple moving average is $17.13 and its 200 day simple moving average is $20.16. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.06 and a quick ratio of 1.06.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.08). Sportradar Group had a return on equity of 7.28% and a net margin of 5.20%.The firm had revenue of $401.11 million for the quarter, compared to analyst estimates of $417.86 million. During the same period in the prior year, the company posted $0.07 EPS. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Sportradar Group AG will post 0.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Needham & Company LLC reduced their price objective on Sportradar Group from $27.00 to $19.00 and set a "buy" rating on the stock in a report on Tuesday, April 28th. Guggenheim reduced their price objective on Sportradar Group from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Wednesday, April 29th. Citigroup reduced their price objective on Sportradar Group from $28.00 to $23.00 and set a "buy" rating on the stock in a report on Wednesday, April 29th. BTIG Research reduced their price objective on Sportradar Group from $23.00 to $18.00 and set a "buy" rating on the stock in a report on Tuesday, April 28th. Finally, Morgan Stanley upped their price objective on Sportradar Group from $24.00 to $25.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $24.94.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SRAD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Sportradar Group in the 1st quarter valued at $573,000. Goldman Sachs Group Inc. lifted its stake in shares of Sportradar Group by 175.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company's stock valued at $13,197,000 after purchasing an additional 388,769 shares during the period. Geode Capital Management LLC lifted its stake in shares of Sportradar Group by 5.3% in the 2nd quarter. Geode Capital Management LLC now owns 182,112 shares of the company's stock valued at $5,114,000 after purchasing an additional 9,162 shares during the period. Cetera Investment Advisers acquired a new position in shares of Sportradar Group in the 2nd quarter valued at $316,000. Finally, Legal & General Group Plc acquired a new position in shares of Sportradar Group in the 2nd quarter valued at $260,000.

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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