Janus Henderson Investors US LLC recently announced the acquisition of new stake in Sportradar Group AG (NASDAQ:SRAD). The institutional investor has increased its shareholding in the Technology company by 1.60% to 3.12 million shares with purchase of 49179.0 shares. This fresh investment now brings its stake to 1.51% valued currently at $31.12 million. In addition, Federated Global Investment Manag raised its holdings by 4100.0 to 2.79 million shares. And Bank of America, NA has lifted its position by 123,105,200.00% or 1.23 million shares – to 1.23 million shares.
With over 0.41 million Sportradar Group AG (SRAD) shares trading Friday and a closing price of $10.63 on the day, the dollar volume was approximately $4.37 million. The shares have shown a positive half year performance of 23.46% and its price on 01/20/23 gained nearly 1.05%. Currently, there are 296.94M common shares owned by the public and among those 200.37M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 11 analysts who have offered their price forecasts for SRAD have a consensus price objective of $15.26. The analysts have set the share’s price value over the next 12 months at a high of $24.03 and a low of $9.28. The average price target is 34.98% above its recent price level and a downside to the estimated low will see the stock lose -14.55% over that period. But an upside of 55.76% will see the stock hit the forecast high price target while median target price for the stock is $14.52.
The top 3 mutual fund holders in Sportradar Group AG are Canada Pension Plan, Janus Henderson Contrarian Fund, and Vanguard Explorer Fund. Canada Pension Plan owns 97.61 million shares of the company’s stock, all valued at over $972.17 million. The company bought an additional 97.61 million shares recently to bring their total holdings to about 47.25% of the shares outstanding. Janus Henderson Contrarian Fund bought 52645.0 shares to see its total holdings expand to 3.11 million shares valued at over $30.96 million and representing 1.51% of the shares outstanding. Vanguard Explorer Fund bought 74547.0 shares to bring its total holdings to over 1.45 million shares at a value of $14.43 million. Vanguard Explorer Fund now owns shares totaling to 0.70% of the shares outstanding.
Shares of Sportradar Group AG (NASDAQ: SRAD) opened at $10.58, up $0.06 from a prior closing price of $10.52. However, the script later moved the day high at 10.75, up 1.05%. The company’s stock has a 5-day price change of -2.92% and 23.03% over the past three months. SRAD shares are trading 6.73% year to date (YTD), with the 12-month market performance down to -21.78% lower. It has a 12-month low price of $7.10 and touched a high of $17.45 over the same period. SRAD has an average intraday trading volume of 219.63K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.65%, 2.78%, and 4.31% respectively.
Institutional ownership of Sportradar Group AG (NASDAQ: SRAD) shares accounts for 82.10% of the company’s 296.94M shares outstanding. Mutual fund holders own 11.80%, while other institutional holders and individual stakeholders account for 51.60% and — respectively.
It has a market capitalization of $3.12B. The stock’s trailing 12-month PE ratio is 61.09, while the earnings-per-share (ttm) stands at $0.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.17% over the week and 4.57% over the month.
Analysts forecast that Sportradar Group AG (SRAD) will achieve an EPS of $0.03 for the current quarter, $0.04 for the next quarter and $0.21 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.07. Earnings per share for the fiscal year are expected to decrease by -17.90%, and 20.22% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate Sportradar Group AG (SRAD) as a “Moderate Buy” at a consensus score of 2.10. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 2 of the 11 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the SRAD, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on January 09, 2023, with the firm’s price target at $18-$10. Morgan Stanley coverage for the Sportradar Group AG (SRAD) stock in a research note released on November 21, 2022 offered a Equal-Weight rating with a price target of $12. BofA Securities was of a view on October 04, 2022 that the stock is Underperform, while Needham gave the stock Buy rating on August 18, 2022, issuing a price target of $15- $17. BofA Securities on their part issued Neutral rating on April 04, 2022.
