The Manufacturers Life Insurance Company Grows Position in Sportradar Group AG $SRAD

The Manufacturers Life Insurance Company boosted its position in Sportradar Group AG (NASDAQ:SRAD) by 963.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,463,421 shares of the company’s stock after acquiring an additional 2,231,810 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Sportradar Group were worth $41,238,000 at the end of the most recent quarter.

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

Sportradar Group Price Performance

Shares of NASDAQ:SRAD opened at $14.70 on Friday. The company’s fifty day moving average price is $14.79 and its 200 day moving average price is $16.12. Sportradar Group AG has a 12 month low of $11.66 and a 12 month high of $32.22. 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 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 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). Sportradar Group had a net margin of 5.20% and a return on equity of 7.28%. The company had revenue of $401.11 million during the quarter, compared to analyst estimates of $417.86 million. During the same quarter in the prior year, the company earned $0.07 EPS. The business’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 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SRAD shares. Benchmark reiterated a “buy” rating on shares of Sportradar Group in a research note on Thursday, July 9th. Freedom Capital raised Sportradar Group to a “strong-buy” rating in a report on Monday, July 20th. Needham & Company LLC upped their price objective on Sportradar Group from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Zacks Research downgraded Sportradar Group from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Finally, Jefferies Financial Group lowered Sportradar Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $30.00 to $14.00 in a research 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 given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.47.

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.