Stephens Investment Management Group LLC Increases Stock Holdings in Sportradar Group AG $SRAD

Stephens Investment Management Group LLC boosted its holdings in Sportradar Group AG (NASDAQ:SRAD) by 40.7% during the first quarter, Holdings Channel reports. The institutional investor owned 3,116,297 shares of the company’s stock after buying an additional 901,619 shares during the period. Stephens Investment Management Group LLC’s holdings in Sportradar Group were worth $52,167,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Jericho Capital Asset Management L.P. purchased a new position in shares of Sportradar Group during the 4th quarter worth about $75,117,000. T. Rowe Price Investment Management Inc. grew its holdings in Sportradar Group by 19.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 12,080,674 shares of the company’s stock valued at $287,158,000 after purchasing an additional 1,929,037 shares during the period. Norges Bank purchased a new stake in shares of Sportradar Group during the 4th quarter valued at $35,866,000. Bank of America Corp DE increased its holdings 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 buying an additional 1,436,263 shares during the last quarter. Finally, UBS Group AG raised its position in shares of Sportradar Group by 107.1% in the 4th quarter. UBS Group AG now owns 2,394,126 shares of the company’s stock worth $56,908,000 after buying an additional 1,238,054 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. cut Sportradar Group from an “overweight” rating to a “neutral” rating and set a $16.00 target price on the stock. in a report on Wednesday, May 27th. Weiss Ratings restated a “sell (d+)” rating on shares of Sportradar Group in a research note on Friday, March 27th. Jefferies Financial Group downgraded Sportradar Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $30.00 to $14.00 in a report on Friday, April 24th. Truist Financial reduced their price objective on Sportradar Group from $26.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, UBS Group reiterated a “buy” rating on shares of Sportradar Group in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Sportradar Group presently has an average rating of “Moderate Buy” and an average target price of $23.56.

Sportradar Group Stock Performance

SRAD opened at $15.01 on Friday. Sportradar Group AG has a 52-week low of $11.66 and a 52-week high of $32.22. The firm’s 50 day moving average is $14.03 and its 200-day moving average is $17.21. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $4.49 billion, a P/E ratio of 62.54 and a beta of 1.60.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings data on Wednesday, April 29th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.08). The firm had revenue of $401.11 million during the quarter, compared to the consensus estimate of $417.86 million. Sportradar Group had a net margin of 5.20% and a return on equity of 7.28%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 earnings per share. Analysts expect that Sportradar Group AG will post 0.4 EPS for the current fiscal year.

Insider Activity

In other news, Director William Kurtz purchased 8,000 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were bought at an average price of $12.97 per share, for a total transaction of $103,760.00. Following the completion of the purchase, the director owned 30,179 shares of the company’s stock, valued at $391,421.63. This trade represents a 36.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Fleet acquired 7,850 shares of Sportradar Group stock in a transaction dated Thursday, April 30th. The shares were acquired at an average price of $12.73 per share, with a total value of $99,930.50. Following the completion of the transaction, the director owned 160,873 shares of the company’s stock, valued at approximately $2,047,913.29. This trade represents a 5.13% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 357,893 shares of company stock worth $4,668,220 over the last three months. Insiders own 85.02% of the company’s stock.

Sportradar Group News Summary

Here are the key news stories impacting Sportradar Group this week:

• Negative Sentiment: HBSS said it is investigating a securities class action against Sportradar after short-seller reports allegedly exposed illegal gambling ties, adding to legal and reputational risk. Article Title
• Negative Sentiment: Multiple firms, including Rosen, Kessler Topaz, Glancy Prongay, Schall, Pomerantz, Robbins Geller, and KSF, issued deadline reminders tied to the SRAD class action, signaling ongoing litigation over alleged misstatements and compliance issues. Article Title
• Neutral Sentiment: Several notices also highlight the opportunity for affected shareholders to file claims or seek lead-plaintiff status, but they do not add new operational updates about Sportradar’s business or financial results.

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.