Maxi Investments CY Ltd Invests $1.36 Million in Sportradar Group AG $SRAD

Maxi Investments CY Ltd purchased a new stake in shares of Sportradar Group AG (NASDAQ:SRAD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 50,500 shares of the company’s stock, valued at approximately $1,358,000.

Several other large investors have also recently bought and sold shares of the business. Cresset Asset Management LLC boosted its position in Sportradar Group by 2.1% during the 2nd quarter. Cresset Asset Management LLC now owns 18,746 shares of the company’s stock worth $526,000 after acquiring an additional 394 shares during the period. Mindset Wealth Management LLC increased its holdings in shares of Sportradar Group by 5.5% in the 3rd quarter. Mindset Wealth Management LLC now owns 8,992 shares of the company’s stock valued at $242,000 after purchasing an additional 466 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Sportradar Group by 5.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 9,658 shares of the company’s stock valued at $260,000 after purchasing an additional 489 shares during the period. Loomis Sayles & Co. L P lifted its position in shares of Sportradar Group by 29.4% in the second quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock worth $99,000 after purchasing an additional 801 shares in the last quarter. Finally, Main Management ETF Advisors LLC boosted its holdings in shares of Sportradar Group by 1.6% during the second quarter. Main Management ETF Advisors LLC now owns 64,483 shares of the company’s stock worth $1,811,000 after purchasing an additional 1,044 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SRAD shares. BTIG Research dropped their price objective on shares of Sportradar Group from $32.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Wells Fargo & Company decreased their target price on shares of Sportradar Group from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Wednesday, March 4th. Truist Financial set a $32.00 price target on shares of Sportradar Group in a report on Tuesday, March 3rd. The Goldman Sachs Group cut their price objective on Sportradar Group from $35.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, March 4th. Finally, Citizens Jmp reduced their price objective on Sportradar Group from $34.00 to $31.00 and set a “market outperform” rating for the company in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Sportradar Group presently has an average rating of “Moderate Buy” and an average target price of $30.16.

Sportradar Group Stock Performance

NASDAQ:SRAD opened at $18.18 on Tuesday. Sportradar Group AG has a 1 year low of $15.73 and a 1 year high of $32.22. The firm’s fifty day simple moving average is $18.43 and its 200 day simple moving average is $23.01. The company has a current ratio of 1.17, a quick ratio of 1.36 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $5.44 billion, a PE ratio of 55.09 and a beta of 2.00.

Sportradar Group (NASDAQ:SRAD) last released its earnings results on Tuesday, March 3rd. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). Sportradar Group had a return on equity of 10.32% and a net margin of 7.73%.The firm had revenue of $432.81 million for the quarter, compared to analyst estimates of $369.59 million. Sportradar Group’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, sell-side analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current year.

Sportradar Group 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.