125,160 Shares in Sportradar Group AG (NASDAQ:SRAD) Bought by 1492 Capital Management LLC

1492 Capital Management LLC acquired a new position in Sportradar Group AG (NASDAQ:SRAD - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 125,160 shares of the company's stock, valued at approximately $2,170,000.

A number of other hedge funds have also recently made changes to their positions in SRAD. Arrowstreet Capital Limited Partnership increased its position in shares of Sportradar Group by 47.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company's stock valued at $24,370,000 after purchasing an additional 454,826 shares during the last quarter. Sellaronda Global Management LP acquired a new position in Sportradar Group during the 4th quarter worth approximately $14,739,000. New York State Common Retirement Fund purchased a new stake in Sportradar Group during the fourth quarter worth $12,887,000. Cambiar Investors LLC purchased a new stake in shares of Sportradar Group in the fourth quarter valued at $10,837,000. Finally, Nixon Capital LLC acquired a new position in Sportradar Group in the 4th quarter valued at $8,319,000.

Analysts Set New Price Targets

Several research firms have recently weighed in on SRAD. BTIG Research began coverage on Sportradar Group in a research note on Friday, April 11th. They issued a "buy" rating and a $28.00 price objective on the stock. Bank of America upgraded shares of Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price objective on the stock in a report on Tuesday. Benchmark lifted their target price on Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. JMP Securities restated a "market outperform" rating and set a $19.00 price objective on shares of Sportradar Group in a research note on Monday, January 27th. Finally, Jefferies Financial Group raised their price target on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

Sportradar Group Stock Performance

Shares of NASDAQ:SRAD traded down $1.75 during trading hours on Wednesday, hitting $23.29. The stock had a trading volume of 2,837,891 shares, compared to its average volume of 734,528. The stock's fifty day simple moving average is $21.80 and its 200 day simple moving average is $18.65. The firm has a market capitalization of $25.92 billion, a price-to-earnings ratio of 116.46, a PEG ratio of 1.53 and a beta of 2.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. Sportradar Group AG has a 1-year low of $9.17 and a 1-year high of $25.85.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.04). Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The company had revenue of $307.00 million during the quarter, compared to the consensus estimate of $294.60 million. Sell-side analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

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.