BNP Paribas Financial Markets Makes New $2.16 Million Investment in Sportradar Group AG (NASDAQ:SRAD)

BNP Paribas Financial Markets acquired a new position in Sportradar Group AG (NASDAQ:SRAD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 124,331 shares of the company's stock, valued at approximately $2,156,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC raised its holdings in shares of Sportradar Group by 3,098.9% in the 3rd quarter. Barclays PLC now owns 5,918 shares of the company's stock valued at $72,000 after purchasing an additional 5,733 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Sportradar Group by 120.8% during the third quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company's stock valued at $639,000 after purchasing an additional 28,878 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Sportradar Group by 85.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company's stock valued at $48,000 after buying an additional 1,272 shares during the period. Moody Aldrich Partners LLC bought a new position in Sportradar Group in the fourth quarter worth approximately $2,481,000. Finally, R Squared Ltd purchased a new stake in Sportradar Group during the fourth quarter worth $44,000.

Sportradar Group Stock Performance

NASDAQ:SRAD traded down $0.17 during trading hours on Tuesday, hitting $23.72. 1,541,150 shares of the company were exchanged, compared to its average volume of 914,240. 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 AG has a 52-week low of $9.94 and a 52-week high of $25.85. The stock has a market capitalization of $26.39 billion, a price-to-earnings ratio of 118.61, a PEG ratio of 1.53 and a beta of 2.08. The company's 50 day moving average price is $22.51 and its 200-day moving average price is $20.13.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $336.71 million during the quarter, compared to the consensus estimate of $318.81 million. The firm's revenue was up 17.0% compared to the same quarter last year. As a group, research analysts forecast that Sportradar Group AG will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Benchmark lifted their price target on Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. BTIG Research started coverage on Sportradar Group in a research report on Friday, April 11th. They set a "buy" rating and a $28.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Canaccord Genuity Group raised their price target on shares of Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. Finally, Guggenheim reiterated a "buy" rating and set a $27.00 price objective on shares of Sportradar Group in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently 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.