Numerai GP LLC Sells 249,540 Shares of Sportradar Group AG $SRAD

Numerai GP LLC decreased its holdings in Sportradar Group AG (NASDAQ:SRAD) by 76.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,145 shares of the company’s stock after selling 249,540 shares during the quarter. Numerai GP LLC’s holdings in Sportradar Group were worth $2,075,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Sportradar Group during the first quarter valued at approximately $573,000. Goldman Sachs Group Inc. boosted its stake in shares of Sportradar Group by 175.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock worth $13,197,000 after acquiring an additional 388,769 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Sportradar Group by 5.3% during the 2nd quarter. Geode Capital Management LLC now owns 182,112 shares of the company’s stock valued at $5,114,000 after acquiring an additional 9,162 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of Sportradar Group in the 2nd quarter worth $123,087,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Sportradar Group in the 2nd quarter worth $316,000.

Sportradar Group Trading Down 2.6%

Shares of SRAD stock opened at $18.18 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.36 and a current ratio of 1.17. The stock has a fifty day simple moving average of $18.43 and a two-hundred day simple moving average of $23.01. The firm has a market capitalization of $5.44 billion, a PE ratio of 55.09 and a beta of 2.00. Sportradar Group AG has a 52-week low of $15.73 and a 52-week high of $32.22.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Stifel Nicolaus initiated coverage on Sportradar Group in a research report on Thursday, January 22nd. They set a “buy” rating and a $28.00 target price on the stock. Guggenheim reaffirmed a “buy” rating on shares of Sportradar Group in a research note on Tuesday, March 3rd. Truist Financial set a $32.00 price objective on Sportradar Group in a research report on Tuesday, March 3rd. Benchmark reissued a “buy” rating on shares of Sportradar Group in a report on Wednesday, January 21st. Finally, Needham & Company LLC decreased their target price on shares of Sportradar Group from $34.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Sportradar Group has a consensus rating of “Moderate Buy” and an average target price of $30.16.

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.