Insider Buying: Sportradar Group (NASDAQ:SRAD) Director Acquires 66,000 Shares of Stock

Key Points

• Director Marc Walder bought 66,000 shares at an average price of $12.77 on April 30 for $842,820, increasing his direct stake to 342,563 shares (a 23.86% rise), according to an SEC filing.
• Sportradar missed quarterly expectations, reporting EPS of -$0.02 versus $0.06 expected and revenue of $401.11 million (below the $417.86 million consensus), though revenue was up 11.3% year-over-year.
• Several analysts trimmed price targets in late April (e.g., Benchmark to $16, Wells Fargo to $17), but the stock retains a consensus rating of Moderate Buy with a $24.94 average target.

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) Director Marc Walder bought 66,000 shares of Sportradar Group stock in a transaction on Thursday, April 30th. The shares were purchased at an average price of $12.77 per share, for a total transaction of $842,820.00. Following the acquisition, the director directly owned 342,563 shares in the company, valued at approximately $4,374,529.51. This trade represents a 23.86% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Sportradar Group Price Performance

SRAD stock opened at $13.26 on Monday. Sportradar Group AG has a fifty-two week low of $11.66 and a fifty-two week high of $32.22. The business's 50 day moving average price is $17.13 and its two-hundred day moving average price is $20.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 55.25 and a beta of 1.66.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $417.86 million. During the same quarter last year, the company posted $0.07 EPS. The firm's revenue was up 11.3% on a year-over-year basis. As a group, analysts forecast that Sportradar Group AG will post 0.44 earnings per share for the current fiscal year.

Institutional Trading of Sportradar Group

A number of hedge funds have recently made changes to their positions in the stock. Stephens Investment Management Group LLC boosted its position in shares of Sportradar Group by 40.7% in the 1st quarter. Stephens Investment Management Group LLC now owns 3,116,297 shares of the company's stock worth $52,167,000 after purchasing an additional 901,619 shares in the last quarter. Counterpoint Mutual Funds LLC boosted its position in shares of Sportradar Group by 29.0% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 16,814 shares of the company's stock worth $281,000 after purchasing an additional 3,781 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Sportradar Group in the 1st quarter worth approximately $685,000. Hsbc Holdings PLC boosted its position in shares of Sportradar Group by 29.1% in the 4th quarter. Hsbc Holdings PLC now owns 91,798 shares of the company's stock worth $2,209,000 after purchasing an additional 20,672 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Sportradar Group by 4,969.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,982 shares of the company's stock worth $142,000 after purchasing an additional 5,864 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SRAD shares. Benchmark reduced their target price on Sportradar Group from $23.00 to $16.00 and set a "buy" rating on the stock in a report on Wednesday, April 29th. Wells Fargo & Company reduced their target price on Sportradar Group from $24.00 to $17.00 and set an "overweight" rating on the stock in a report on Wednesday, April 29th. Needham & Company LLC reduced their target price on Sportradar Group from $27.00 to $19.00 and set a "buy" rating on the stock in a report on Tuesday, April 28th. UBS Group reduced their target price on Sportradar Group from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Citigroup dropped their price target on Sportradar Group from $28.00 to $23.00 and set a "buy" rating on the stock in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.94.

About Sportradar Group

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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