First Trust Advisors LP Takes $300,000 Position in Sportradar Group AG (NASDAQ:SRAD)

First Trust Advisors LP purchased a new position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 17,296 shares of the company's stock, valued at approximately $300,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. 1492 Capital Management LLC acquired a new stake in shares of Sportradar Group during the fourth quarter worth $2,170,000. Gabelli Funds LLC grew its stake in shares of Sportradar Group by 13.3% during the fourth quarter. Gabelli Funds LLC now owns 17,000 shares of the company's stock valued at $295,000 after buying an additional 2,000 shares during the last quarter. Jump Financial LLC purchased a new position in shares of Sportradar Group during the 4th quarter worth approximately $638,000. XTX Topco Ltd raised its stake in shares of Sportradar Group by 5.8% in the fourth quarter. XTX Topco Ltd now owns 25,591 shares of the company's stock worth $444,000 after purchasing an additional 1,414 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Sportradar Group by 60.9% during the 4th quarter. Barclays PLC now owns 9,523 shares of the company's stock valued at $165,000 after purchasing an additional 3,605 shares during the period.

Sportradar Group Stock Up 0.7%

NASDAQ SRAD traded up $0.17 during trading on Tuesday, hitting $23.33. 1,898,088 shares of the company traded hands, compared to its average volume of 897,195. Sportradar Group AG has a 12 month low of $9.30 and a 12 month high of $25.85. The business has a fifty day simple moving average of $22.22 and a 200 day simple moving average of $19.77. The company has a market capitalization of $25.96 billion, a P/E ratio of 116.66, a PEG ratio of 1.53 and a beta of 2.08. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The firm had revenue of $336.71 million for the quarter, compared to the consensus estimate of $318.81 million. Sportradar Group's revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, sell-side analysts predict that Sportradar Group AG will post 0.15 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. BTIG Research assumed coverage on Sportradar Group in a research report on Friday, April 11th. They issued a "buy" rating and a $28.00 price objective on the stock. Needham & Company LLC reissued a "buy" rating and set a $27.00 target price on shares of Sportradar Group in a research report on Monday. Citigroup upped their price target on Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. upped their target price on Sportradar Group from $26.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Finally, Canaccord Genuity Group upped their target price on shares of Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.00.

Sportradar Group Company Profile

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.