Kingdon Capital Management L.L.C. Grows Stock Position in Sportradar Group AG $SRAD

Kingdon Capital Management L.L.C. lifted its stake in shares of Sportradar Group AG (NASDAQ:SRAD) by 18.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 474,000 shares of the company’s stock after buying an additional 74,000 shares during the quarter. Sportradar Group makes up approximately 1.6% of Kingdon Capital Management L.L.C.’s portfolio, making the stock its 17th biggest position. Kingdon Capital Management L.L.C.’s holdings in Sportradar Group were worth $12,751,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Fortress Investment Group LLC boosted its holdings in Sportradar Group by 81.2% in the 3rd quarter. Fortress Investment Group LLC now owns 760,000 shares of the company’s stock valued at $20,444,000 after purchasing an additional 340,560 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Sportradar Group by 491.6% during the 3rd quarter. Bank of America Corp DE now owns 1,728,426 shares of the company’s stock worth $46,495,000 after purchasing an additional 1,436,263 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of Sportradar Group in the 3rd quarter valued at $2,343,000. Ameriprise Financial Inc. increased its holdings in Sportradar Group by 80.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 135,232 shares of the company’s stock valued at $3,635,000 after purchasing an additional 60,108 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in Sportradar Group by 33.2% during the 3rd quarter. Lazard Asset Management LLC now owns 221,646 shares of the company’s stock worth $5,962,000 after acquiring an additional 55,194 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SRAD. Truist Financial set a $32.00 price target on Sportradar Group in a report on Tuesday, March 3rd. Stifel Nicolaus assumed coverage on Sportradar Group in a report on Thursday, January 22nd. They set a “buy” rating and a $28.00 price objective on the stock. The Goldman Sachs Group decreased their target price on shares of Sportradar Group from $35.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, March 4th. UBS Group reduced 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. Finally, Guggenheim reissued a “buy” rating on shares of Sportradar Group in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.16.

Sportradar Group Trading Down 2.4%

Shares of SRAD stock opened at $18.66 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.36 and a current ratio of 1.17. The firm has a fifty day moving average of $18.53 and a 200-day moving average of $23.10. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 56.55 and a beta of 2.00. Sportradar Group AG has a 52-week low of $15.73 and a 52-week high of $32.22.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Tuesday, March 3rd. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.09). Sportradar Group had a net margin of 7.73% and a return on equity of 10.32%. The company had revenue of $432.81 million for the quarter, compared to the consensus estimate of $369.59 million. Sportradar Group’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, equities research analysts forecast that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

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.