Ghisallo Capital Management LLC Has $2.69 Million Holdings in Sportradar Group AG $SRAD

Ghisallo Capital Management LLC lessened its stake in Sportradar Group AG (NASDAQ:SRAD) by 80.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,000 shares of the company’s stock after selling 400,000 shares during the quarter. Ghisallo Capital Management LLC’s holdings in Sportradar Group were worth $2,690,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Greenhouse Funds LLLP grew its position in shares of Sportradar Group by 1.6% during the 2nd quarter. Greenhouse Funds LLLP now owns 7,971,654 shares of the company’s stock worth $223,844,000 after buying an additional 129,276 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Sportradar Group by 39.3% in 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 acquiring an additional 1,721,495 shares during the period. Arrowstreet Capital Limited Partnership raised its position 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 acquiring an additional 409,545 shares during the period. Invesco Ltd. boosted its stake in Sportradar Group by 0.5% during the 3rd quarter. Invesco Ltd. now owns 2,988,207 shares of the company’s stock worth $80,383,000 after acquiring an additional 15,394 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in Sportradar Group by 18.6% during the 3rd quarter. Voya Investment Management LLC now owns 1,548,353 shares of the company’s stock worth $41,651,000 after acquiring an additional 242,699 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have commented on SRAD shares. Benchmark reaffirmed a “buy” rating on shares of Sportradar Group in a research note on Wednesday, January 21st. UBS Group reduced their price target on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Citizens Jmp decreased their price target on shares of Sportradar Group from $34.00 to $31.00 and set a “market outperform” rating for the company in a report on Wednesday, March 4th. The Goldman Sachs Group lowered their price objective on shares of Sportradar Group from $35.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, March 4th. Finally, Wells Fargo & Company dropped their price objective on Sportradar Group from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.16.

Sportradar Group Stock Performance

Shares of SRAD stock opened at $18.66 on Friday. 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 company has a market capitalization of $5.59 billion, a P/E ratio of 56.55 and a beta of 2.00. The company’s 50 day moving average price is $18.53 and its two-hundred day moving average price is $23.22. 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 quarterly earnings results on Tuesday, March 3rd. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.09). Sportradar Group had a net margin of 7.73% and a return on equity of 10.32%. The company had revenue of $432.81 million during the quarter, compared to analyst estimates of $369.59 million. The company’s revenue was up 20.2% compared to the same quarter last year. On average, analysts expect that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

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.