Federated Hermes Inc. Has $51.20 Million Stock Holdings in Sportradar Group AG (NASDAQ:SRAD)

Federated Hermes Inc. decreased its position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,633,530 shares of the company's stock after selling 379,582 shares during the period. Federated Hermes Inc.'s holdings in Sportradar Group were worth $51,201,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new position in Sportradar Group in the first quarter worth approximately $5,492,000. First Trust Advisors LP acquired a new position in Sportradar Group in the first quarter worth approximately $218,000. Durable Capital Partners LP grew its position in Sportradar Group by 46.0% during the 1st quarter. Durable Capital Partners LP now owns 3,303,309 shares of the company's stock worth $54,967,000 after purchasing an additional 1,040,085 shares in the last quarter. UBS Group AG grew its position in Sportradar Group by 32.7% during the 1st quarter. UBS Group AG now owns 171,507 shares of the company's stock worth $2,854,000 after purchasing an additional 42,310 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in Sportradar Group during the 1st quarter worth approximately $32,918,000.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SRAD shares. Citigroup lifted their price objective on shares of Sportradar Group from $15.00 to $17.00 and gave the stock a "buy" rating in a research report on Friday, March 22nd. Jefferies Financial Group lowered their price objective on shares of Sportradar Group from $13.00 to $11.00 and set a "hold" rating on the stock in a research report on Tuesday. Morgan Stanley lifted their price objective on shares of Sportradar Group from $11.00 to $11.50 and gave the stock an "equal weight" rating in a research report on Tuesday, April 9th. Canaccord Genuity Group reiterated a "buy" rating and set a $16.00 price objective on shares of Sportradar Group in a research report on Thursday, March 21st. Finally, Needham & Company LLC reiterated a "buy" rating and set a $15.00 price objective on shares of Sportradar Group in a research report on Wednesday, March 20th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Sportradar Group currently has a consensus rating of "Moderate Buy" and an average price target of $13.67.

Sportradar Group Stock Down 0.4 %

Shares of Sportradar Group stock traded down $0.04 on Friday, hitting $9.66. 255,824 shares of the company traded hands, compared to its average volume of 323,779. The company has a 50-day moving average price of $10.52 and a 200 day moving average price of $10.29. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.05. Sportradar Group AG has a 12-month low of $8.08 and a 12-month high of $15.56. The company has a market cap of $10.74 billion, a PE ratio of 80.51 and a beta of 1.97.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. Sportradar Group had a net margin of 4.27% and a return on equity of 4.54%. The business had revenue of $271.98 million for the quarter, compared to analysts' expectations of $267.36 million. Sell-side analysts predict that Sportradar Group AG will post 0.3 earnings per share for the current year.

About Sportradar Group

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.