Envestnet Asset Management Inc. Makes New Investment in Sportradar Group AG (NASDAQ:SRAD)

Envestnet Asset Management Inc. bought a new stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 29,858 shares of the company's stock, valued at approximately $518,000.

Several other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Sportradar Group by 85.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company's stock worth $48,000 after purchasing an additional 1,272 shares during the last quarter. LPL Financial LLC raised its position in Sportradar Group by 3.7% in the 4th quarter. LPL Financial LLC now owns 35,663 shares of the company's stock valued at $618,000 after purchasing an additional 1,287 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Sportradar Group by 1,366.4% during the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock worth $27,000 after purchasing an additional 1,462 shares in the last quarter. Huntington National Bank grew 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 worth $45,000 after acquiring an additional 1,539 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in Sportradar Group in the fourth quarter valued at approximately $28,000.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SRAD. Benchmark boosted their price target on Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Bank of America upgraded Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price objective for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Sportradar Group from $26.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Needham & Company LLC reissued a "buy" rating and issued a $27.00 price target on shares of Sportradar Group in a research report on Wednesday, April 2nd. Finally, Canaccord Genuity Group raised their price objective on Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $27.00.

Sportradar Group Stock Up 0.6 %

NASDAQ:SRAD traded up $0.14 during trading hours on Wednesday, hitting $23.27. The company's stock had a trading volume of 1,064,203 shares, compared to its average volume of 858,746. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a 52-week low of $9.17 and a 52-week high of $25.85. The stock has a fifty day moving average of $22.05 and a 200-day moving average of $19.40. The stock has a market capitalization of $25.89 billion, a P/E ratio of 116.36, a price-to-earnings-growth ratio of 1.53 and a beta of 2.08.

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

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.