D. E. Shaw & Co. Inc. raised its holdings in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 93.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 769,388 shares of the company's stock after acquiring an additional 372,269 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.07% of Sportradar Group worth $13,341,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of SRAD. Cubist Systematic Strategies LLC raised its position in Sportradar Group by 4.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 201,179 shares of the company's stock valued at $3,488,000 after purchasing an additional 8,176 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of Sportradar Group during the 4th quarter valued at about $384,000. BNP Paribas Financial Markets purchased a new position in shares of Sportradar Group during the 4th quarter valued at about $2,156,000. Ancora Advisors LLC lifted its position in Sportradar Group by 37.0% in the 4th quarter. Ancora Advisors LLC now owns 6,850 shares of the company's stock worth $119,000 after buying an additional 1,850 shares during the last quarter. Finally, Unisphere Establishment purchased a new stake in Sportradar Group in the fourth quarter worth approximately $51,596,000.
Sportradar Group Trading Up 0.7%
SRAD opened at $23.33 on Wednesday. The firm has a market capitalization of $25.96 billion, a price-to-earnings ratio of 116.66, a PEG ratio of 1.53 and a beta of 2.08. Sportradar Group AG has a one year low of $9.30 and a one year high of $25.85. The business has a 50 day simple moving average of $22.22 and a two-hundred day simple moving average of $19.77. 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 (NASDAQ:SRAD - Get Free Report) last issued 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. The business had revenue of $336.71 million during 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 revenue for the quarter was up 17.0% compared to the same quarter last year. Analysts predict that Sportradar Group AG will post 0.15 EPS for the current year.
Analyst Ratings Changes
Several research firms have commented on SRAD. 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. Needham & Company LLC reaffirmed a "buy" rating and set a $27.00 target price on shares of Sportradar Group in a report on Monday. BTIG Research started coverage on shares of Sportradar Group in a research note on Friday, April 11th. They issued a "buy" rating and a $28.00 price target for the company. Canaccord Genuity Group upped their price target on shares of Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. Finally, Citigroup raised their price objective on Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $27.00.
Get Our Latest Research Report on Sportradar Group
Sportradar Group Profile
(
Free Report)
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.
Further Reading
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