Janus Henderson Group PLC Sells 561,317 Shares of Sportradar Group AG (NASDAQ:SRAD)

Janus Henderson Group PLC trimmed its stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,021,211 shares of the company's stock after selling 561,317 shares during the period. Janus Henderson Group PLC owned about 0.27% of Sportradar Group worth $52,388,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI increased its holdings in Sportradar Group by 1,366.4% during the 4th quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock worth $27,000 after purchasing an additional 1,462 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Sportradar Group during the fourth quarter worth about $28,000. US Bancorp DE bought a new position in shares of Sportradar Group during the fourth quarter worth about $39,000. Loomis Sayles & Co. L P acquired a new stake in Sportradar Group in the 4th quarter valued at approximately $43,000. Finally, R Squared Ltd bought a new stake in Sportradar Group in the 4th quarter valued at approximately $44,000.

Sportradar Group Stock Performance

Sportradar Group stock traded down $0.13 during mid-day trading on Monday, hitting $23.85. 502,815 shares of the company's stock traded hands, compared to its average volume of 907,372. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a 50 day simple moving average of $22.44 and a two-hundred day simple moving average of $20.05. Sportradar Group AG has a fifty-two week low of $9.94 and a fifty-two week high of $25.85. The stock has a market cap of $26.53 billion, a price-to-earnings ratio of 119.46, a P/E/G ratio of 1.53 and a beta of 2.08.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The company had revenue of $336.71 million during the quarter, compared to analysts' expectations of $318.81 million. The business's quarterly revenue was up 17.0% on a year-over-year basis. On average, research analysts expect that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SRAD has been the subject of several research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $27.00 price target on shares of Sportradar Group in a research note on Monday, May 12th. Benchmark raised their target price on shares of Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Morgan Stanley boosted their price target on shares of Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 16th. JMP Securities restated a "market outperform" rating and set a $19.00 price objective on shares of Sportradar Group in a research note on Monday, January 27th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

Sportradar Group Company Profile

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.