Cresset Asset Management LLC Has $487,000 Holdings in Sportradar Group AG (NASDAQ:SRAD)

Cresset Asset Management LLC decreased its holdings in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 33.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,067 shares of the company's stock after selling 14,241 shares during the quarter. Cresset Asset Management LLC's holdings in Sportradar Group were worth $487,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SRAD. Unisphere Establishment acquired a new position in shares of Sportradar Group during the 4th quarter worth $51,596,000. Sellaronda Global Management LP acquired a new position in shares of Sportradar Group during the 4th quarter worth $14,739,000. Penn Capital Management Company LLC acquired a new position in shares of Sportradar Group during the 4th quarter worth $14,029,000. New York State Common Retirement Fund acquired a new position in shares of Sportradar Group during the 4th quarter worth $12,887,000. Finally, Oberweis Asset Management Inc. acquired a new position in shares of Sportradar Group during the 4th quarter worth $12,639,000.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Jefferies Financial Group increased their price target on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. UBS Group upped their price objective on shares of Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. Guggenheim reaffirmed a "buy" rating and set a $27.00 price objective on shares of Sportradar Group in a report on Thursday, April 3rd. BTIG Research started coverage on shares of Sportradar Group in a report on Friday, April 11th. They set a "buy" rating and a $28.00 price objective for the company. Finally, Canaccord Genuity Group upped their price objective on shares of Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.00.

Sportradar Group Stock Performance

NASDAQ SRAD opened at $23.43 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market capitalization of $26.07 billion, a price-to-earnings ratio of 117.16, a P/E/G ratio of 1.53 and a beta of 2.08. The company's fifty day moving average is $22.28 and its two-hundred day moving average is $19.79. Sportradar Group AG has a 52-week low of $9.53 and a 52-week high of $25.85.

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 (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $336.71 million for the quarter, compared to analyst estimates of $318.81 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The firm's quarterly revenue was up 17.0% compared to the same quarter last year. Equities research analysts forecast 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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