ArrowMark Colorado Holdings LLC Sells 1,044,878 Shares of Sportradar Group AG (NASDAQ:SRAD)

ArrowMark Colorado Holdings LLC decreased its holdings in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 33.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,085,938 shares of the company's stock after selling 1,044,878 shares during the quarter. ArrowMark Colorado Holdings LLC owned 0.19% of Sportradar Group worth $36,170,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Sei Investments Co. bought a new position in Sportradar Group in the 4th quarter valued at approximately $3,626,000. JPMorgan Chase & Co. lifted its stake in shares of Sportradar Group by 120.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company's stock valued at $639,000 after acquiring an additional 28,878 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Sportradar Group during the 3rd quarter valued at $479,000. Cornerstone Investment Partners LLC bought a new stake in Sportradar Group during the 4th quarter worth $199,000. Finally, Moody National Bank Trust Division increased its holdings in Sportradar Group by 80.6% in the 4th quarter. Moody National Bank Trust Division now owns 136,926 shares of the company's stock worth $2,374,000 after purchasing an additional 61,105 shares in the last quarter.

Sportradar Group Stock Performance

Shares of SRAD stock opened at $23.70 on Friday. The firm has a 50 day moving average of $21.97 and a 200-day moving average of $19.20. The company has a market cap of $26.37 billion, a price-to-earnings ratio of 118.51, a price-to-earnings-growth ratio of 1.53 and a beta of 2.10. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a 52 week low of $9.17 and a 52 week high of $25.85.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SRAD shares. UBS Group boosted their price target on Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. Bank of America raised shares of Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price target for the company in a research note on Tuesday, April 22nd. Morgan Stanley boosted their price objective on shares of Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 16th. JMP Securities reaffirmed a "market outperform" rating and set a $19.00 target price on shares of Sportradar Group in a research report on Monday, January 27th. Finally, BTIG Research initiated coverage on Sportradar Group in a research report on Friday, April 11th. They issued a "buy" rating and a $28.00 price target on the stock. 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, Sportradar Group has an average rating of "Moderate Buy" and a consensus price target of $27.00.

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.

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