Y Intercept Hong Kong Ltd Invests $685,000 in Sportradar Group AG $SRAD

Y Intercept Hong Kong Ltd acquired a new position in shares of Sportradar Group AG (NASDAQ:SRAD) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 40,942 shares of the company’s stock, valued at approximately $685,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its position in Sportradar Group by 93.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,286 shares of the company’s stock worth $31,000 after acquiring an additional 620 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Sportradar Group in the fourth quarter valued at approximately $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Sportradar Group in the fourth quarter valued at approximately $45,000. Tower Research Capital LLC TRC lifted its position in shares of Sportradar Group by 10,125.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,636 shares of the company’s stock worth $46,000 after purchasing an additional 1,620 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Sportradar Group by 316.0% in the fourth quarter. CWM LLC now owns 2,475 shares of the company’s stock worth $59,000 after purchasing an additional 1,880 shares in the last quarter.

More Sportradar Group News

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

• Negative Sentiment: Hagens Berman says it is investigating Sportradar and its executives after short-seller reports allegedly exposed illegal gambling ties, raising fresh legal risk for the company. Article: HBSS Investigates Sportradar Group AG (SRAD) Securities Class Action Claims After Short Seller Reports Expose Alleged Illegal Gambling Ties
• Negative Sentiment: Several law firms, including Rosen, Robbins Geller, and Faruqi & Faruqi, are urging investors to act before the July 17 deadline in the existing securities class action against Sportradar, keeping litigation concerns in focus. Article: SRAD FINAL DEADLINE: ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Sportradar Group AG Investors with Losses in Excess of $100K to Secure Counsel Before Important July 17 Deadline in Securities Class Action – SRAD
• Negative Sentiment: Robbins Geller also reiterated the July 17 lead-plaintiff deadline for the Sportradar class action, signaling that the lawsuit remains active and prominent for investors. Article: FRIDAY DEADLINE: Sportradar Group AG (SRAD) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit, Robbins Geller Rudman & Dowd LLP Announces

Insider Transactions at Sportradar Group

In other Sportradar Group news, Director Deirdre Mary Bigley acquired 3,940 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were purchased at an average price of $12.57 per share, for a total transaction of $49,525.80. Following the completion of the purchase, the director directly owned 13,897 shares of the company’s stock, valued at approximately $174,685.29. This represents a 39.57% increase in their ownership of the stock. The transaction 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 the business’s stock in a transaction dated Thursday, April 30th. The stock was acquired at an average cost 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. The trade was a 5.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have purchased 357,893 shares of company stock valued at $4,668,220.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SRAD shares. Wells Fargo & Company decreased their target price on shares of Sportradar Group from $24.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Citizens Jmp cut their price target on shares of Sportradar Group from $26.00 to $24.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 8th. Guggenheim reduced their price objective on shares of Sportradar Group from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Sportradar Group in a report on Friday, March 27th. Finally, UBS Group reaffirmed a “buy” rating on shares of Sportradar Group in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.60.

Sportradar Group Stock Performance

Shares of SRAD opened at $15.59 on Tuesday. The company has a market cap of $4.67 billion, a PE ratio of 64.96 and a beta of 1.60. The firm has a 50-day moving average of $14.36 and a 200-day moving average of $16.87. Sportradar Group AG has a one year low of $11.66 and a one year high of $32.22. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.06 and a quick ratio of 1.06.

Sportradar Group (NASDAQ:SRAD) last issued its earnings results on Wednesday, April 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). Sportradar Group had a net margin of 5.20% and a return on equity of 7.28%. The firm had revenue of $401.11 million during the quarter, compared to the consensus estimate of $417.86 million. During the same period in the previous year, the company posted $0.07 earnings per share. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities analysts forecast that Sportradar Group AG will post 0.4 earnings per share for the current year.

Sportradar Group 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.