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

Divisadero Street Capital Management LP lowered its stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 85.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 300,000 shares of the company's stock after selling 1,729,808 shares during the period. Divisadero Street Capital Management LP's holdings in Sportradar Group were worth $5,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Greenhouse Funds LLLP increased its position in Sportradar Group by 2.0% in the 4th quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company's stock valued at $170,868,000 after buying an additional 193,962 shares in the last quarter. Unisphere Establishment bought a new stake in shares of Sportradar Group during the fourth quarter valued at approximately $51,596,000. Arrowstreet Capital Limited Partnership raised its position in shares of Sportradar Group by 47.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company's stock worth $24,370,000 after purchasing an additional 454,826 shares during the period. Sellaronda Global Management LP acquired a new position in shares of Sportradar Group during the fourth quarter worth approximately $14,739,000. Finally, Penn Capital Management Company LLC bought a new position in shares of Sportradar Group in the 4th quarter worth $14,029,000.

Sportradar Group Stock Performance

Shares of Sportradar Group stock traded down $0.12 during mid-day trading on Monday, hitting $22.95. 2,646,102 shares of the stock were exchanged, compared to its average volume of 885,463. The company has a market capitalization of $25.54 billion, a P/E ratio of 114.96, a P/E/G 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. The company has a 50-day simple moving average of $22.13 and a 200 day simple moving average of $19.67. Sportradar Group AG has a 12 month low of $9.26 and a 12 month high of $25.85.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The company's quarterly revenue was up 17.0% on a year-over-year basis. Sell-side analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Citigroup upped their price objective on shares of Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Bank of America upgraded shares of Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 target price on the stock in a report on Tuesday, April 22nd. UBS Group raised their price target on shares of Sportradar Group from $24.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, April 8th. JMP Securities reiterated a "market outperform" rating and set a $19.00 price target on shares of Sportradar Group in a research note on Monday, January 27th. Finally, Morgan Stanley increased their price objective on 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 equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $27.00.

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.