Ashford Capital Management Inc. Purchases 189,290 Shares of Sportradar Group AG $SRAD

Ashford Capital Management Inc. increased its position in shares of Sportradar Group AG (NASDAQ:SRAD) by 35.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 719,570 shares of the company’s stock after acquiring an additional 189,290 shares during the period. Sportradar Group comprises 1.5% of Ashford Capital Management Inc.’s holdings, making the stock its 26th largest holding. Ashford Capital Management Inc.’s holdings in Sportradar Group were worth $12,046,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SRAD. T. Rowe Price Investment Management Inc. raised its position in 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. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Sportradar Group by 14.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,175,498 shares of the company’s stock valued at $85,421,000 after purchasing an additional 409,545 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in shares of Sportradar Group in the 4th quarter valued at $75,117,000. Stephens Investment Management Group LLC increased its stake in shares of Sportradar Group by 40.7% in 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 purchasing an additional 901,619 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Sportradar Group by 0.5% in the 3rd quarter. Invesco Ltd. now owns 2,988,207 shares of the company’s stock valued at $80,383,000 after purchasing an additional 15,394 shares during the last quarter.

Sportradar Group Stock Performance

Shares of SRAD stock opened at $14.68 on Tuesday. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 61.17 and a beta of 1.60. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06. The business’s 50-day moving average price is $14.70 and its 200-day moving average price is $16.25. Sportradar Group AG has a 12 month low of $11.66 and a 12 month high of $32.22.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data 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 firm had revenue of $401.11 million during the quarter, compared to analyst estimates of $417.86 million. Sportradar Group had a net margin of 5.20% and a return on equity of 7.28%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 EPS. Equities research analysts forecast that Sportradar Group AG will post 0.39 EPS for the current year.

Insider Buying and Selling at Sportradar Group

In other Sportradar Group news, Director Deirdre Mary Bigley purchased 3,940 shares of the firm’s stock in a transaction 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 transaction, the director owned 13,897 shares in the company, valued at $174,685.29. The trade was a 39.57% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director George Fleet purchased 7,850 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of $12.73 per share, with a total value of $99,930.50. Following the completion of the transaction, the director owned 160,873 shares in the company, valued at approximately $2,047,913.29. This trade represents a 5.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 357,893 shares of company stock worth $4,668,220 over the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SRAD. Zacks Research downgraded Sportradar Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Truist Financial decreased their target price on Sportradar Group from $26.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Citigroup decreased their target price on Sportradar Group from $28.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Needham & Company LLC boosted their target price on Sportradar Group from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sportradar Group currently has an average rating of “Moderate Buy” and a consensus target price of $22.47.

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.