Sportradar Group (NASDAQ:SRAD) Director Acquires $99,957.47 in Stock

Key Points

• Insider purchase: Director Rajani Ramanathan bought 8,003 shares at $12.49 each for a total of $99,957.47, raising her stake to 38,947 shares—a 25.86% increase—per an SEC filing.
• Earnings miss and analyst reaction: Sportradar reported Q results of ($0.02) EPS vs. $0.06 expected and $401.11M revenue vs. $417.86M expected, leading to several price-target cuts though the stock holds a "Moderate Buy" consensus with an average target of $24.94.

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) Director Rajani Ramanathan purchased 8,003 shares of Sportradar Group stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average price of $12.49 per share, for a total transaction of $99,957.47. Following the transaction, the director owned 38,947 shares in the company, valued at $486,448.03. This represents a 25.86% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Sportradar Group Price Performance

Shares of NASDAQ SRAD opened at $13.26 on Monday. The firm's 50-day simple moving average is $17.13 and its 200 day simple moving average is $20.16. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 55.25 and a beta of 1.66. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.06. Sportradar Group AG has a 12-month low of $11.66 and a 12-month high of $32.22.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.08). The company had revenue of $401.11 million for the quarter, compared to analyst estimates of $417.86 million. Sportradar Group had a return on equity of 7.28% and a net margin of 5.20%.The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company earned $0.07 EPS. On average, research analysts expect that Sportradar Group AG will post 0.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SRAD. Wells Fargo & Company reduced their price target on shares of Sportradar Group from $24.00 to $17.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 29th. BTIG Research reduced their price target on shares of Sportradar Group from $23.00 to $18.00 and set a "buy" rating on the stock in a research report on Tuesday, April 28th. Citizens Jmp reduced their price target on shares of Sportradar Group from $34.00 to $31.00 and set a "market outperform" rating on the stock in a research report on Wednesday, March 4th. Jefferies Financial Group downgraded shares of Sportradar Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $30.00 to $14.00 in a research report on Friday, April 24th. Finally, Morgan Stanley upped their target price on shares of Sportradar Group from $24.00 to $25.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.94.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Wealth High Governance Capital Ltda lifted its position in Sportradar Group by 144.1% during the 4th quarter. Wealth High Governance Capital Ltda now owns 366,157 shares of the company's stock valued at $8,704,000 after purchasing an additional 216,159 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Sportradar Group by 39.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,104,947 shares of the company's stock valued at $164,223,000 after acquiring an additional 1,721,495 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of Sportradar Group in the 4th quarter valued at about $2,941,000. TD Asset Management Inc increased its stake in shares of Sportradar Group by 560.3% in the 3rd quarter. TD Asset Management Inc now owns 542,094 shares of the company's stock valued at $14,582,000 after acquiring an additional 460,000 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Sportradar Group by 71.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,174,810 shares of the company's stock valued at $31,602,000 after acquiring an additional 490,755 shares during the last quarter.

Sportradar Group Company Profile

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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