Federated Hermes Inc. Has $51.20 Million Position in Sportradar Group AG (NASDAQ:SRAD)

Federated Hermes Inc. trimmed its holdings in shares of Sportradar Group AG (NASDAQ:SRAD) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,633,530 shares of the company’s stock after selling 379,582 shares during the period. Federated Hermes Inc.’s holdings in Sportradar Group were worth $51,201,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. State of Wyoming acquired a new position in Sportradar Group during the second quarter valued at approximately $30,000. Tower Research Capital LLC TRC boosted its holdings in shares of Sportradar Group by 122.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,852 shares of the company’s stock valued at $37,000 after buying an additional 1,570 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Sportradar Group in the third quarter valued at $61,000. Lazard Asset Management LLC acquired a new position in Sportradar Group during the fourth quarter worth $64,000. Finally, BlackRock Inc. bought a new stake in Sportradar Group during the first quarter worth $99,000.

Sportradar Group Stock Down 0.4 %

SRAD opened at $9.66 on Friday. The stock has a fifty day moving average of $10.52 and a 200-day moving average of $10.28. The company has a market capitalization of $10.74 billion, a P/E ratio of 80.51 and a beta of 1.97. Sportradar Group AG has a fifty-two week low of $8.08 and a fifty-two week high of $15.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.26 and a current ratio of 1.26.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Wednesday, March 20th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $271.98 million for the quarter, compared to analyst estimates of $267.36 million. Sportradar Group had a net margin of 4.27% and a return on equity of 4.54%. On average, equities analysts expect that Sportradar Group AG will post 0.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SRAD shares. Citigroup boosted their price objective on shares of Sportradar Group from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Needham & Company LLC restated a “buy” rating and issued a $15.00 price objective on shares of Sportradar Group in a research note on Wednesday, March 20th. Jefferies Financial Group cut their price objective on Sportradar Group from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday. Canaccord Genuity Group restated a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a research note on Thursday, March 21st. Finally, JPMorgan Chase & Co. raised their price target on Sportradar Group from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.67.

About Sportradar Group

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.