Sportradar Group AG $SRAD Stake Boosted by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in Sportradar Group AG (NASDAQ:SRAD) by 507.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,877 shares of the company’s stock after purchasing an additional 57,543 shares during the quarter. First Trust Advisors LP’s holdings in Sportradar Group were worth $1,153,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SRAD. Parallel Advisors LLC lifted its position in shares of Sportradar Group by 6.1% in the 1st quarter. Parallel Advisors LLC now owns 16,388 shares of the company’s stock worth $274,000 after buying an additional 937 shares during the last quarter. Roubaix Capital LLC bought a new stake in shares of Sportradar Group during the 1st quarter valued at about $5,581,000. Bank of New York Mellon Corp grew its position in shares of Sportradar Group by 39.7% during the 1st quarter. Bank of New York Mellon Corp now owns 21,941 shares of the company’s stock valued at $367,000 after buying an additional 6,230 shares during the last quarter. Principal Financial Group Inc. raised its stake in Sportradar Group by 34.8% during the first quarter. Principal Financial Group Inc. now owns 1,826,209 shares of the company’s stock worth $30,571,000 after acquiring an additional 471,309 shares during the period. Finally, Stephens Investment Management Group LLC lifted its holdings in Sportradar Group by 40.7% in the first quarter. Stephens Investment Management Group LLC now owns 3,116,297 shares of the company’s stock worth $52,167,000 after acquiring an additional 901,619 shares during the last quarter.

Sportradar Group Stock Performance

Shares of SRAD stock opened at $13.02 on Monday. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 217.04 and a beta of 1.61. Sportradar Group AG has a 1-year low of $11.55 and a 1-year high of $32.22. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.06. The stock’s fifty day simple moving average is $14.79 and its 200-day simple moving average is $15.84.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings results on Tuesday, June 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%.The company had revenue of $431.19 million during the quarter. On average, sell-side analysts predict that Sportradar Group AG will post 0.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on SRAD. UBS Group downgraded Sportradar Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $30.00 to $16.00 in a research note on Wednesday. Guggenheim lowered their target price on shares of Sportradar Group from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Zacks Research cut Sportradar Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Canaccord Genuity Group dropped their target price on shares of Sportradar Group from $28.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Finally, Weiss Ratings raised shares of Sportradar Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.31.

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.