Balyasny Asset Management L.P. Has $4.56 Million Stock Holdings in Sportradar Group AG (NASDAQ:SRAD)

Balyasny Asset Management L.P. lessened its position in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 56.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 262,774 shares of the company's stock after selling 334,413 shares during the quarter. Balyasny Asset Management L.P.'s holdings in Sportradar Group were worth $4,557,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. National Bank of Canada FI raised its holdings in shares of Sportradar Group by 1,366.4% in the 4th quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock valued at $27,000 after purchasing an additional 1,462 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Sportradar Group during the fourth quarter worth $28,000. US Bancorp DE acquired a new position in Sportradar Group during the fourth quarter worth $39,000. Loomis Sayles & Co. L P purchased a new stake in shares of Sportradar Group during the fourth quarter worth $43,000. Finally, R Squared Ltd purchased a new stake in shares of Sportradar Group in the fourth quarter valued at about $44,000.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $19.00 target price on shares of Sportradar Group in a report on Monday, January 27th. Benchmark upped their price objective on shares of Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Citigroup boosted their target price on Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Canaccord Genuity Group increased 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. Finally, BTIG Research began coverage on shares of Sportradar Group in a research report on Friday, April 11th. They set a "buy" rating and a $28.00 price target for the company. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Sportradar Group has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.

Sportradar Group Stock Up 0.7%

NASDAQ:SRAD traded up $0.17 during mid-day trading on Tuesday, reaching $23.33. The stock had a trading volume of 1,898,088 shares, compared to its average volume of 897,195. The business's 50 day moving average is $22.22 and its 200 day moving average is $19.77. Sportradar Group AG has a fifty-two week low of $9.30 and a fifty-two week high of $25.85. The stock has a market cap 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 debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53.

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