113,813 Shares in Sportradar Group AG $SRAD Bought by Headlands Technologies LLC

Headlands Technologies LLC purchased a new stake in shares of Sportradar Group AG (NASDAQ:SRAD) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 113,813 shares of the company’s stock, valued at approximately $1,704,000.

Several other institutional investors have also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. increased its position in shares of 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 worth $287,158,000 after acquiring an additional 1,929,037 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in 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 buying an additional 409,545 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new position in shares of Sportradar Group during the 4th quarter worth approximately $75,117,000. Stephens Investment Management Group LLC lifted its position in shares of Sportradar Group by 40.7% during the 1st quarter. Stephens Investment Management Group LLC now owns 3,116,297 shares of the company’s stock worth $52,167,000 after buying an additional 901,619 shares in the last quarter. Finally, Invesco Ltd. boosted 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 worth $80,383,000 after buying an additional 15,394 shares during the last quarter.

Analyst Ratings Changes

A number of analysts recently commented on the company. Citizens Jmp decreased their price target on Sportradar Group from $24.00 to $20.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 4th. Freedom Capital upgraded Sportradar Group to a “strong-buy” rating in a research note on Monday, July 20th. Needham & Company LLC decreased their target price on Sportradar Group from $23.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Stifel Nicolaus lowered their target price on Sportradar Group from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Finally, Truist Financial cut their price target on shares of Sportradar Group from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.31.

Sportradar Group Stock Down 3.9%

Shares of NASDAQ SRAD opened at $12.43 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.06. The company has a market cap of $3.72 billion, a P/E ratio of 207.20 and a beta of 1.61. Sportradar Group AG has a 52 week low of $11.55 and a 52 week high of $31.65. The business has a 50-day simple moving average of $14.13 and a two-hundred day simple moving average of $15.28.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings data on Tuesday, June 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $431.19 million during the quarter. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%. Research analysts anticipate that Sportradar Group AG will post 0.25 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.