Hsbc Holdings PLC Sells 52,934 Shares of Sportradar Group AG $SRAD

Hsbc Holdings PLC reduced its position in shares of Sportradar Group AG (NASDAQ:SRAD) by 57.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,864 shares of the company’s stock after selling 52,934 shares during the quarter. Hsbc Holdings PLC’s holdings in Sportradar Group were worth $667,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its holdings in shares of Sportradar Group by 93.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock valued at $31,000 after acquiring an additional 620 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Sportradar Group during the fourth quarter worth approximately $31,000. Itau Unibanco Holding S.A. bought a new position in shares of Sportradar Group in the 4th quarter worth $45,000. Tower Research Capital LLC TRC lifted its holdings in shares of Sportradar Group by 10,125.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after purchasing an additional 1,620 shares in the last quarter. Finally, CWM LLC grew its position in Sportradar Group by 316.0% in the 4th quarter. CWM LLC now owns 2,475 shares of the company’s stock valued at $59,000 after purchasing an additional 1,880 shares during the period.

Analyst Ratings Changes

Several research analysts have weighed in on SRAD shares. Citizens Jmp lowered their price objective on shares of Sportradar Group from $26.00 to $24.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 8th. Stifel Nicolaus reduced their price objective on shares of Sportradar Group from $21.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their target price on shares of Sportradar Group from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Jefferies Financial Group lowered shares of Sportradar Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $30.00 to $14.00 in a report on Friday, April 24th. Finally, BTIG Research dropped their price target on shares of Sportradar Group from $23.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Sportradar Group presently has a consensus rating of “Moderate Buy” and an average price target of $22.47.

Sportradar Group Stock Down 1.7%

SRAD opened at $14.70 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50-day moving average is $14.79 and its 200 day moving average is $16.12. Sportradar Group AG has a fifty-two week low of $11.66 and a fifty-two week high of $32.22. The firm has a market capitalization of $4.40 billion, a P/E ratio of 61.25 and a beta of 1.60.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Wednesday, April 29th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.08). The firm had revenue of $401.11 million for the quarter, compared to analysts’ expectations of $417.86 million. Sportradar Group had a return on equity of 7.28% and a net margin of 5.20%.The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 earnings per share. Research analysts expect that Sportradar Group AG will post 0.39 earnings per share for the current fiscal 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.