D. E. Shaw & Co. Inc. Grows Stock Position in Sportradar Group AG (NASDAQ:SRAD)

D. E. Shaw & Co. Inc. raised its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 93.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 769,388 shares of the company's stock after buying an additional 372,269 shares during the period. D. E. Shaw & Co. Inc. owned about 0.07% of Sportradar Group worth $13,341,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Unisphere Establishment bought a new stake in Sportradar Group during the fourth quarter worth about $51,596,000. Sellaronda Global Management LP bought a new position in shares of Sportradar Group in the 4th quarter valued at about $14,739,000. Penn Capital Management Company LLC bought a new stake in Sportradar Group in the fourth quarter worth about $14,029,000. New York State Common Retirement Fund purchased a new stake in shares of Sportradar Group in the fourth quarter valued at approximately $12,887,000. Finally, Oberweis Asset Management Inc. bought a new position in Sportradar Group during the 4th quarter worth about $12,639,000.

Sportradar Group Stock Down 0.6%

Sportradar Group stock traded down $0.13 during mid-day trading on Monday, hitting $23.85. The company had a trading volume of 379,856 shares, compared to its average volume of 907,188. The stock's 50 day moving average price is $22.44 and its two-hundred day moving average price is $20.05. Sportradar Group AG has a 12 month low of $9.94 and a 12 month high of $25.85. 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 company has a market capitalization of $26.54 billion, a PE ratio of 119.47, 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 results 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 for the quarter, compared to analysts' expectations of $318.81 million. The business's revenue was up 17.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SRAD has been the topic of a number of recent research reports. UBS Group upped their target price on Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, April 8th. JPMorgan Chase & Co. upped their price target on Sportradar Group from $26.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. Citigroup boosted their target price on shares of Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Benchmark increased their target price on Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Finally, Morgan Stanley lifted 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. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.