Sportradar Group (NASDAQ:SRAD) Insider Michael Connolly Miller Sells 1,840 Shares of Company Stock

Key Points

• Insider Michael Connolly Miller sold 1,840 Sportradar shares at an average price of $12.10, reducing his ownership by 2.74% to 65,356 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 plan.
• Sportradar shares fell to $11.91, near their 12-month low of $11.39, while the company reported quarterly revenue of $431.19 million and a loss of $0.01 per share.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $19.19 target price, despite several recent target-price cuts and one downgrade to “Neutral.”

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) insider Michael Miller sold 1,840 shares of the firm's stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $12.10, for a total transaction of $22,264.00. Following the sale, the insider owned 65,356 shares of the company's stock, valued at $790,807.60. This trade represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sportradar Group Stock Performance

Shares of NASDAQ:SRAD traded down $0.23 during trading on Friday, reaching $11.91. 1,916,136 shares of the stock were exchanged, compared to its average volume of 2,831,803. Sportradar Group AG has a 12 month low of $11.39 and a 12 month high of $27.85. The stock has a 50-day moving average price of $12.73 and a 200-day moving average price of $13.99. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.06. The firm has a market cap of $3.57 billion, a PE ratio of 198.53 and a beta of 1.59.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $431.19 million for the quarter. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%. Research analysts expect that Sportradar Group AG will post 0.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Citizens Jmp cut their price objective on shares of Sportradar Group from $24.00 to $20.00 and set a "market outperform" rating for the company in a report on Tuesday, August 4th. Truist Financial decreased their target price on shares of Sportradar Group from $18.00 to $16.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. Citigroup reaffirmed a "market outperform" rating on shares of Sportradar Group in a report on Tuesday, September 8th. Needham & Company LLC dropped their price target on shares of Sportradar Group from $23.00 to $17.00 and set a "buy" rating for the company in a research report on Tuesday, August 4th. Finally, BTIG Research cut Sportradar Group from a "buy" rating to a "neutral" rating in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.19.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SRAD. Parallel Advisors LLC boosted its stake in Sportradar Group by 6.1% in the first quarter. Parallel Advisors LLC now owns 16,388 shares of the company's stock valued at $274,000 after acquiring an additional 937 shares during the last quarter. Squarepoint Ops LLC boosted its position in Sportradar Group by 3.2% during the second quarter. Squarepoint Ops LLC now owns 30,518 shares of the company's stock worth $457,000 after purchasing an additional 958 shares during the period. Glenmede Trust Co. NA boosted its position in Sportradar Group by 3.8% during the first quarter. Glenmede Trust Co. NA now owns 26,470 shares of the company's stock worth $443,000 after purchasing an additional 970 shares during the period. SHP Wealth Management purchased a new position in shares of Sportradar Group in the fourth quarter worth about $86,000. Finally, Counterpoint Mutual Funds LLC increased its stake in shares of Sportradar Group by 29.0% in the first 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.

About Sportradar Group

Sportradar Group AG is a sports technology company that provides data, content and technology solutions to the global sports, media and betting industries. Its services support the collection, analysis and distribution of sports information across a broad range of competitions and sporting events.

The company offers live sports data, statistics, odds services, betting solutions, audiovisual content and digital media products. It also provides tools for sports organizations and media companies, including fan engagement, marketing, sponsorship and data-driven content solutions.

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