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

Cresset Asset Management LLC lowered its position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 33.7% in the 4th quarter, according to the company in its most recent Form 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 period. Cresset Asset Management LLC's holdings in Sportradar Group were worth $487,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SRAD. Thurston Springer Miller Herd & Titak Inc. increased its position 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 acquiring an additional 1,272 shares during the last quarter. LPL Financial LLC grew its stake in shares of Sportradar Group by 3.7% in the 4th quarter. LPL Financial LLC now owns 35,663 shares of the company's stock worth $618,000 after buying an additional 1,287 shares in the last quarter. XTX Topco Ltd lifted its position in Sportradar Group by 5.8% in the fourth quarter. XTX Topco Ltd now owns 25,591 shares of the company's stock worth $444,000 after buying an additional 1,414 shares during the last quarter. National Bank of Canada FI grew its holdings in Sportradar Group by 1,366.4% during 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 during the last quarter. Finally, Huntington National Bank boosted its holdings in Sportradar Group by 143.3% during the 4th quarter. Huntington National Bank now owns 2,613 shares of the company's stock valued at $45,000 after acquiring an additional 1,539 shares during the period.

Sportradar Group Price Performance

NASDAQ:SRAD traded down $0.34 on Tuesday, reaching $23.55. The stock had a trading volume of 420,327 shares, compared to its average volume of 1,512,801. Sportradar Group AG has a 1-year low of $9.94 and a 1-year high of $25.85. The company has a market capitalization of $26.21 billion, a P/E ratio of 117.76, a price-to-earnings-growth ratio of 1.53 and a beta of 2.08. 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 has a fifty day moving average price of $22.51 and a 200-day moving average price of $20.13.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.07 earnings per share (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 business had revenue of $336.71 million during the quarter, compared to analyst estimates of $318.81 million. Sportradar Group's quarterly revenue was up 17.0% compared to the same quarter last year. Research analysts forecast that Sportradar Group AG will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

SRAD has been the subject of several recent research reports. Needham & Company LLC restated a "buy" rating and issued a $27.00 price target on shares of Sportradar Group in a report on Monday, May 12th. JPMorgan Chase & Co. raised their price target on shares of Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. BTIG Research began coverage on shares of Sportradar Group in a report on Friday, April 11th. They set a "buy" rating and a $28.00 target price for the company. Jefferies Financial Group boosted their price target on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Finally, JMP Securities reissued a "market outperform" rating and issued a $19.00 price target on shares of Sportradar Group in a research note on Monday, January 27th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $27.00.

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.