BNP Paribas Financial Markets Buys New Position in Sportradar Group AG (NASDAQ:SRAD)

BNP Paribas Financial Markets bought a new stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 124,331 shares of the company's stock, valued at approximately $2,156,000.

Other institutional investors and hedge funds have also modified their holdings of the company. National Bank of Canada FI lifted its stake in 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 buying an additional 1,462 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Sportradar Group during the fourth quarter valued at approximately $28,000. US Bancorp DE purchased a new position in shares of Sportradar Group in the fourth quarter valued at approximately $39,000. Loomis Sayles & Co. L P acquired a new stake in shares of Sportradar Group in the fourth quarter worth approximately $43,000. Finally, R Squared Ltd acquired a new stake in shares of Sportradar Group in the fourth quarter worth approximately $44,000.

Analyst Ratings Changes

Several research analysts recently commented on SRAD shares. JPMorgan Chase & Co. increased their price objective on Sportradar Group from $26.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. JMP Securities reiterated a "market outperform" rating and issued a $19.00 target price on shares of Sportradar Group in a research report on Monday, January 27th. Morgan Stanley raised their price target 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. BTIG Research assumed 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 on the stock. Finally, Guggenheim reiterated a "buy" rating and issued a $27.00 price objective on shares of Sportradar Group in a report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $27.00.

Sportradar Group Trading Up 0.9%

Sportradar Group stock traded up $0.21 during midday trading on Thursday, hitting $23.52. 307,587 shares of the stock were exchanged, compared to its average volume of 918,117. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The stock's 50-day simple moving average is $22.66 and its 200 day simple moving average is $20.18. Sportradar Group AG has a fifty-two week low of $9.94 and a fifty-two week high of $25.85. The stock has a market capitalization of $26.17 billion, a price-to-earnings ratio of 117.26, a PEG ratio of 1.53 and a beta of 2.08.

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

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.