Kingdon Capital Management L.L.C. Purchases 74,000 Shares of Sportradar Group AG $SRAD

Kingdon Capital Management L.L.C. raised its holdings in shares of Sportradar Group AG (NASDAQ:SRAD) by 18.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 474,000 shares of the company’s stock after purchasing 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 largest holding. Kingdon Capital Management L.L.C. owned 0.16% of Sportradar Group worth $12,751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in Sportradar Group by 10,125.0% in the 2nd 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 during the period. TD Private Client Wealth LLC boosted its position in Sportradar Group by 113.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,374 shares of the company’s stock valued at $91,000 after buying an additional 1,795 shares during the period. Loomis Sayles & Co. L P raised its holdings in shares of Sportradar Group by 29.4% during the second quarter. Loomis Sayles & Co. L P now owns 3,524 shares of the company’s stock valued at $99,000 after acquiring an additional 801 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Sportradar Group by 103.5% in the 3rd quarter. Pacer Advisors Inc. now owns 4,989 shares of the company’s stock valued at $134,000 after purchasing an additional 2,537 shares during the period. Finally, Bessemer Group Inc. boosted its position in shares of Sportradar Group by 788.4% in the 3rd quarter. Bessemer Group Inc. now owns 5,375 shares of the company’s stock worth $144,000 after purchasing an additional 4,770 shares in the last quarter.

Sportradar Group Stock Performance

Shares of NASDAQ:SRAD opened at $18.66 on Monday. The company has a quick ratio of 1.36, a current ratio of 1.17 and a debt-to-equity ratio of 0.05. The company has a market capitalization 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. The firm has a 50 day moving average of $18.53 and a 200 day moving average of $23.10.

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

Analyst Upgrades and Downgrades

SRAD has been the topic of several recent analyst reports. Truist Financial set a $32.00 price objective on Sportradar Group in a research report on Tuesday, March 3rd. Citizens Jmp lowered their price objective on shares of Sportradar Group from $34.00 to $31.00 and set a “market outperform” rating on the stock in a research note on Wednesday, March 4th. The Goldman Sachs Group dropped their price target on Sportradar Group from $35.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, March 4th. Guggenheim reiterated a “buy” rating on shares of Sportradar Group in a research report on Tuesday, March 3rd. Finally, Benchmark reaffirmed a “buy” rating on shares of Sportradar Group in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.16.

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.