Divisadero Street Capital Management LP Reduces Position in Sportradar Group AG (NASDAQ:SRAD)

Divisadero Street Capital Management LP reduced its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 85.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 300,000 shares of the company's stock after selling 1,729,808 shares during the quarter. Divisadero Street Capital Management LP's holdings in Sportradar Group were worth $5,202,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. National Bank of Canada FI raised its stake in shares of Sportradar Group by 1,366.4% in the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock worth $27,000 after buying an additional 1,462 shares during the period. SBI Securities Co. Ltd. bought a new stake in Sportradar Group during the 4th quarter worth approximately $28,000. US Bancorp DE bought a new stake in Sportradar Group during the 4th quarter worth approximately $39,000. Loomis Sayles & Co. L P purchased a new position in Sportradar Group during the fourth quarter valued at approximately $43,000. Finally, R Squared Ltd bought a new position in shares of Sportradar Group in the fourth quarter worth approximately $44,000.

Analyst Ratings Changes

Several brokerages recently weighed in on SRAD. BTIG Research began coverage on shares of Sportradar Group in a report on Friday, April 11th. They issued a "buy" rating and a $28.00 target price for the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $27.00 price objective on shares of Sportradar Group in a research note on Wednesday, April 2nd. JMP Securities reissued a "market outperform" rating and set a $19.00 target price on shares of Sportradar Group in a research note on Monday, January 27th. Canaccord Genuity Group upped their price target on Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. Finally, Citigroup increased their price objective on shares of Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, March 20th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

Sportradar Group Price Performance

Shares of Sportradar Group stock opened at $23.13 on Wednesday. The stock has a 50 day moving average price of $22.05 and a 200-day moving average price of $19.40. Sportradar Group AG has a one year low of $9.17 and a one year high of $25.85. The stock has a market cap of $25.74 billion, a price-to-earnings ratio of 115.66, a price-to-earnings-growth ratio of 1.53 and a beta of 2.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $0.00 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.04). The firm had revenue of $307.00 million for the quarter, compared to the consensus estimate of $294.60 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. Equities analysts expect that Sportradar Group AG will post 0.15 EPS for the current year.

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.

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