Centiva Capital LP Reduces Stock Position in Sportradar Group AG (NASDAQ:SRAD)

Centiva Capital LP cut its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 40.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,728 shares of the company's stock after selling 15,444 shares during the period. Centiva Capital LP's holdings in Sportradar Group were worth $394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in SRAD. Barclays PLC grew its position in shares of Sportradar Group by 3,098.9% in the third 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. grew its position in shares of Sportradar Group by 120.8% in 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. Moody National Bank Trust Division grew its position in shares of Sportradar Group by 80.6% in the fourth quarter. Moody National Bank Trust Division now owns 136,926 shares of the company's stock valued at $2,374,000 after purchasing an additional 61,105 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Sportradar Group by 85.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company's stock valued at $48,000 after purchasing an additional 1,272 shares in the last quarter. Finally, Moody Aldrich Partners LLC purchased a new stake in shares of Sportradar Group in the fourth quarter valued at approximately $2,481,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SRAD shares. Guggenheim reiterated a "buy" rating and issued a $27.00 price objective on shares of Sportradar Group in a report on Thursday, April 3rd. Citigroup upped their price objective on Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Needham & Company LLC reiterated a "buy" rating and issued a $27.00 price objective on shares of Sportradar Group in a report on Wednesday, April 2nd. Canaccord Genuity Group upped their price objective on Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. Finally, BTIG Research started coverage on Sportradar Group in a report on Friday, April 11th. They issued a "buy" rating and a $28.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Sportradar Group has an average rating of "Moderate Buy" and an average target price of $27.00.

Sportradar Group Stock Up 1.7%

NASDAQ:SRAD opened at $22.93 on Monday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The stock's fifty day moving average is $22.13 and its two-hundred day moving average is $19.67. Sportradar Group AG has a 52 week low of $9.26 and a 52 week high of $25.85. The stock has a market capitalization of $25.52 billion, a price-to-earnings ratio of 114.66, 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 data on Wednesday, March 19th. The company reported $0.00 earnings per share (EPS) 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 analyst estimates of $294.60 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. Research analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current year.

Sportradar Group Company 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.

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