Insider Selling: Sportradar Group (NASDAQ:SRAD) Insider Sells 1,840 Shares of Stock

Sportradar Group AG (NASDAQ:SRAD) insider Michael Miller sold 1,840 shares of the firm’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $12.10, for a total value of $22,264.00. Following the completion of the transaction, the insider directly owned 65,356 shares of the company’s stock, valued at $790,807.60. The trade was a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sportradar Group Stock Performance

Shares of NASDAQ SRAD traded down $0.23 during mid-day trading on Friday, hitting $11.91. The company had a trading volume of 1,916,136 shares, compared to its average volume of 2,831,803. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 198.53 and a beta of 1.59. Sportradar Group AG has a 1 year low of $11.39 and a 1 year high of $27.85. 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 50-day moving average price is $12.73 and its 200-day moving average price is $13.99.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Tuesday, June 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $431.19 million for the quarter. Sportradar Group had a net margin of 1.23% and a return on equity of 1.89%. On average, sell-side analysts forecast that Sportradar Group AG will post 0.25 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SRAD. Citizens Jmp decreased their price target on Sportradar Group from $24.00 to $20.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 4th. Wolfe Research began coverage on shares of Sportradar Group in a research report on Wednesday, September 2nd. They issued an “outperform” rating and a $22.00 price objective for the company. Zacks Research upgraded shares of Sportradar Group from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. UBS Group downgraded shares of Sportradar Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $30.00 to $16.00 in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Sportradar Group from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.19.

Institutional Trading of Sportradar Group

Institutional investors and hedge funds have recently modified their holdings of the business. Allied Private Wealth LLC purchased a new position in shares of Sportradar Group during the second quarter worth about $61,000. SHP Wealth Management bought a new position in shares of Sportradar Group in the fourth quarter worth approximately $86,000. Rockefeller Capital Management L.P. raised its stake in Sportradar Group by 4,969.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,982 shares of the company’s stock valued at $142,000 after purchasing an additional 5,864 shares in the last quarter. Byrne Asset Management LLC purchased a new stake in Sportradar Group in the second quarter valued at approximately $176,000. Finally, Parallel Advisors LLC raised its stake in Sportradar Group by 6.1% in the first quarter. Parallel Advisors LLC now owns 16,388 shares of the company’s stock valued at $274,000 after purchasing an additional 937 shares in the last quarter.

About Sportradar Group

Sportradar Group AG is a sports technology company that provides data, content and technology solutions to the global sports, media and betting industries. Its services support the collection, analysis and distribution of sports information across a broad range of competitions and sporting events.

The company offers live sports data, statistics, odds services, betting solutions, audiovisual content and digital media products. It also provides tools for sports organizations and media companies, including fan engagement, marketing, sponsorship and data-driven content solutions.