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

ArrowMark Colorado Holdings LLC decreased its position 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 period. ArrowMark Colorado Holdings LLC owned about 0.19% of Sportradar Group worth $36,170,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Sei Investments Co. bought a new position in Sportradar Group in the 4th quarter valued at $3,626,000. JPMorgan Chase & Co. increased its position in 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 in the last quarter. Jane Street Group LLC acquired a new position in shares of Sportradar Group during the third quarter worth approximately $479,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Sportradar Group in the fourth quarter valued at approximately $199,000. Finally, Moody National Bank Trust Division increased its stake in shares of Sportradar Group by 80.6% in the 4th quarter. Moody National Bank Trust Division now owns 136,926 shares of the company's stock valued at $2,374,000 after buying an additional 61,105 shares during the period.

Sportradar Group Trading Down 2.3 %

NASDAQ SRAD traded down $0.54 during trading on Thursday, hitting $22.73. The company had a trading volume of 1,207,193 shares, compared to its average volume of 1,454,334. 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 AG has a one year low of $9.17 and a one year high of $25.85. The company's fifty day moving average is $22.09 and its 200-day moving average is $19.42. The company has a market cap of $25.29 billion, a price-to-earnings ratio of 113.66, a price-to-earnings-growth ratio of 1.53 and a beta of 2.08.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced 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). Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The firm had revenue of $307.00 million for the quarter, compared to the consensus estimate of $294.60 million. On average, sell-side analysts predict that Sportradar Group AG will post 0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on SRAD. Canaccord Genuity Group boosted their price objective on shares of Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. Morgan Stanley lifted their price objective on shares of Sportradar Group from $22.00 to $23.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 16th. BTIG Research initiated coverage on Sportradar Group in a research note on Friday, April 11th. They set a "buy" rating and a $28.00 target price for the company. UBS Group lifted their price objective on shares of Sportradar Group from $24.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, April 8th. Finally, Citigroup raised their target price on Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Sportradar Group has an average rating of "Moderate Buy" and a consensus target price of $27.00.

Sportradar Group 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.