Sportradar Group (NASDAQ:SRAD) Director George Fleet Acquires 7,850 Shares of Stock

Key Points

• Director George Fleet purchased 7,850 shares on April 30 at an average of $12.73 per share (~$99,930), increasing his stake to 160,873 shares (a 5.13% rise) worth about $2.05 million.
• Sportradar missed its latest quarter with ($0.02) EPS versus a $0.06 consensus and reported revenue of $401.11 million (below the $417.86 million expected), though revenue was up 11.3% year-over-year.
• Several firms have cut price targets recently (e.g., Benchmark, Needham, Jefferies, Wells Fargo), and the consensus from analysts remains a "Moderate Buy" with an average price target of $24.94.

Sportradar Group AG (NASDAQ:SRAD - Get Free Report) Director George Fleet bought 7,850 shares of the business's stock in a transaction dated Thursday, April 30th. The stock was bought at an average cost of $12.73 per share, for a total transaction of $99,930.50. Following the completion of the purchase, the director owned 160,873 shares of the company's stock, valued at approximately $2,047,913.29. The trade was a 5.13% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Sportradar Group Stock Performance

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

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.08). Sportradar Group had a return on equity of 7.28% and a net margin of 5.20%.The company had revenue of $401.11 million during the quarter, compared to analysts' expectations of $417.86 million. During the same period in the prior year, the company posted $0.07 earnings per share. The company's revenue was up 11.3% on a year-over-year basis. As a group, equities analysts forecast that Sportradar Group AG will post 0.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SRAD has been the topic of a number of recent research reports. Benchmark cut their target price on Sportradar Group from $23.00 to $16.00 and set a "buy" rating on the stock in a research note on Wednesday, April 29th. Needham & Company LLC cut their target price on Sportradar Group from $27.00 to $19.00 and set a "buy" rating on the stock in a research note on Tuesday, April 28th. Jefferies Financial Group cut Sportradar Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $30.00 to $14.00 in a research note on Friday, April 24th. Weiss Ratings reissued a "sell (d+)" rating on shares of Sportradar Group in a research note on Friday, March 27th. Finally, Wells Fargo & Company cut their target price on Sportradar Group from $24.00 to $17.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $24.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Sportradar Group by 19.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 12,080,674 shares of the company's stock valued at $287,158,000 after purchasing an additional 1,929,037 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Sportradar Group by 39.3% during 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 buying an additional 1,721,495 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Sportradar Group by 14.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,175,498 shares of the company's stock valued at $85,421,000 after buying an additional 409,545 shares during the last quarter. Jericho Capital Asset Management L.P. purchased a new stake in Sportradar Group during the 4th quarter valued at $75,117,000. Finally, Stephens Investment Management Group LLC raised its stake in Sportradar Group by 40.7% during the 1st quarter. Stephens Investment Management Group LLC now owns 3,116,297 shares of the company's stock valued at $52,167,000 after buying an additional 901,619 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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