Massachusetts Financial Services Co. MA Has $164.22 Million Holdings in Sportradar Group AG $SRAD

Massachusetts Financial Services Co. MA lifted its stake in shares of Sportradar Group AG (NASDAQ:SRAD) by 39.3% during the third quarter, Holdings Channel.com reports. The firm owned 6,104,947 shares of the company’s stock after buying an additional 1,721,495 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Sportradar Group were worth $164,223,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SRAD. ORG Partners LLC lifted its position in shares of Sportradar Group by 2,137.8% in the second quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock worth $28,000 after purchasing an additional 962 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of Sportradar Group by 3,058.0% in the second quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company’s stock worth $44,000 after purchasing an additional 1,529 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in 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 valued at $46,000 after purchasing an additional 1,620 shares during the period. Loomis Sayles & Co. L P boosted its holdings in Sportradar Group by 29.4% in the 2nd quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock worth $99,000 after buying an additional 801 shares during the period. Finally, Huntington National Bank increased its holdings in Sportradar Group by 33.1% during the 2nd quarter. Huntington National Bank now owns 3,946 shares of the company’s stock worth $111,000 after acquiring an additional 982 shares during the period.

Sportradar Group Price Performance

SRAD opened at $18.97 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.05. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 59.28 and a beta of 2.01. The stock has a fifty day simple moving average of $22.20 and a two-hundred day simple moving average of $26.27. Sportradar Group AG has a 12-month low of $18.09 and a 12-month high of $32.22.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business had revenue of $342.71 million for the quarter, compared to analysts’ expectations of $295.04 million. Sportradar Group had a net margin of 7.84% and a return on equity of 9.97%. The company’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the business earned $0.11 earnings per share. Research analysts predict that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SRAD shares. UBS Group cut their price objective on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Sportradar Group in a research note on Monday, December 29th. Wells Fargo & Company lowered their target price on Sportradar Group from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, January 15th. Zacks Research lowered Sportradar Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, Citizens Jmp lowered their price objective on Sportradar Group from $36.00 to $34.00 and set a “market outperform” rating for the company in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Sportradar Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.47.

Sportradar Group Company 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.