Sportradar Group AG $SRAD Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC trimmed its holdings in shares of Sportradar Group AG (NASDAQ:SRAD) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,118,791 shares of the company’s stock after selling 55,243 shares during the period. William Blair Investment Management LLC’s holdings in Sportradar Group were worth $26,594,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SRAD. Stephens Investment Management Group LLC acquired a new stake in shares of Sportradar Group during the fourth quarter worth $52,643,000. Bank of America Corp DE raised its holdings in shares of Sportradar Group by 491.6% during the third quarter. Bank of America Corp DE now owns 1,728,426 shares of the company’s stock worth $46,495,000 after purchasing an additional 1,436,263 shares during the period. UBS Group AG raised its holdings in shares of Sportradar Group by 107.1% during the fourth quarter. UBS Group AG now owns 2,394,126 shares of the company’s stock worth $56,908,000 after purchasing an additional 1,238,054 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of Sportradar Group by 200.4% during the third quarter. Qube Research & Technologies Ltd now owns 1,049,914 shares of the company’s stock worth $28,243,000 after purchasing an additional 700,388 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in shares of Sportradar Group during the third quarter worth $17,156,000.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SRAD. Citigroup dropped their target price on shares of Sportradar Group from $28.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Jefferies Financial Group cut shares of Sportradar Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $30.00 to $14.00 in a report on Friday, April 24th. Stifel Nicolaus dropped their target price on shares of Sportradar Group from $25.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Guggenheim dropped their target price on shares of Sportradar Group from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Benchmark dropped their target price on shares of Sportradar Group from $23.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued 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, Sportradar Group presently has a consensus rating of “Moderate Buy” and an average price target of $24.94.

Sportradar Group Price Performance

SRAD stock opened at $13.03 on Tuesday. 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 fifty-two week low of $11.66 and a fifty-two week high of $32.22. The firm’s 50-day simple moving average is $15.52 and its 200 day simple moving average is $18.73. The stock has a market cap of $3.90 billion, a PE ratio of 54.29 and a beta of 1.65.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.02) earnings per share 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 firm had revenue of $401.11 million during the quarter, compared to analyst estimates of $417.86 million. During the same period last year, the business earned $0.07 EPS. The firm’s revenue was up 11.3% on a year-over-year basis. As a group, sell-side analysts predict that Sportradar Group AG will post 0.4 EPS for the current year.

Insiders Place Their Bets

In other news, Director William Kurtz acquired 8,000 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average price of $12.97 per share, with a total value of $103,760.00. Following the acquisition, the director directly owned 30,179 shares in the company, valued at approximately $391,421.63. The trade was a 36.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Deirdre Mary Bigley acquired 3,940 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average cost of $12.57 per share, for a total transaction of $49,525.80. Following the acquisition, the director owned 13,897 shares in the company, valued at approximately $174,685.29. This trade represents a 39.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have acquired 357,893 shares of company stock worth $4,668,220. 85.02% of the stock is owned by company insiders.

About Sportradar Group

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.