Sportradar Group (NASDAQ:SRAD) CAO James Scott Ritter Sells 3,500 Shares of Stock

Key Points

• CAO James Scott Ritter sold 3,500 shares for about $44,905 at an average price of $12.83, reducing his direct holdings by 8.62% to 37,113 shares.
• Sportradar reported quarterly revenue of $410.62 million, up 24.1% year over year and above estimates, but EPS of $0.10 fell short of the $0.11 consensus.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $17.97; shares traded at $13.37 in the article.

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) CAO James Scott Ritter sold 3,500 shares of the firm's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $12.83, for a total value of $44,905.00. Following the completion of the transaction, the chief accounting officer directly owned 37,113 shares in the company, valued at $476,159.79. This trade represents a 8.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sportradar Group Stock Down 1.8%

NASDAQ SRAD traded down $0.24 on Tuesday, reaching $13.37. The company had a trading volume of 1,631,125 shares, compared to its average volume of 2,805,693. The firm has a 50-day moving average of $12.60 and a 200-day moving average of $14.81. The firm has a market capitalization of $4.00 billion, a PE ratio of 167.12 and a beta of 1.66. Sportradar Group AG has a 1 year low of $11.39 and a 1 year high of $24.17. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.80 and a quick ratio of 0.98.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The firm had revenue of $410.62 million during the quarter, compared to analyst estimates of $405.74 million. Sportradar Group had a return on equity of 2.57% and a net margin of 1.47%. The business's quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 EPS. On average, equities research analysts anticipate that Sportradar Group AG will post 0.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SRAD has been the topic of several research reports. Guggenheim dropped their price objective on shares of Sportradar Group from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Wednesday, November 4th. Stifel Nicolaus lowered their price target on Sportradar Group from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Monday, October 26th. Truist Financial raised their target price on shares of Sportradar Group from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Wednesday, November 4th. Wolfe Research started coverage on shares of Sportradar Group in a report on Wednesday, September 2nd. They issued an "outperform" rating and a $22.00 target price for the company. Finally, BTIG Research lowered shares of Sportradar Group from a "buy" rating to a "neutral" rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Sportradar Group currently has a consensus rating of "Moderate Buy" and an average target price of $17.97.

Institutional Trading of Sportradar Group

A number of hedge funds have recently bought and sold shares of SRAD. Allied Private Wealth LLC bought a new stake in Sportradar Group in the second quarter valued at about $61,000. Byrne Asset Management LLC bought a new stake in shares of Sportradar Group during the second quarter worth $176,000. Choreo LLC grew its holdings in Sportradar Group by 23.5% during the 3rd quarter. Choreo LLC now owns 23,144 shares of the company's stock worth $268,000 after acquiring an additional 4,403 shares during the last quarter. Parallel Advisors LLC grew its holdings in Sportradar Group by 6.1% during the 1st quarter. Parallel Advisors LLC now owns 16,388 shares of the company's stock worth $274,000 after acquiring an additional 937 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its position in Sportradar Group by 16.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 31,311 shares of the company's stock valued at $362,000 after acquiring an additional 4,359 shares in the last quarter.

About Sportradar Group

Sportradar Group AG is a sports technology company that provides data, content and related services to sports leagues, media companies and sports betting operators. Its offerings include live and historical sports data, odds and betting solutions, audiovisual content, and tools designed to support fan engagement and digital experiences. The company also provides services to help sports organizations monitor competitions and identify potential integrity issues, including through its sports integrity and anti-fraud solutions.

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