Bank of America Corp DE Has $4.18 Million Holdings in Sportradar Group AG (NASDAQ:SRAD)

Bank of America Corp DE trimmed its position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 79.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 241,188 shares of the company's stock after selling 931,289 shares during the quarter. Bank of America Corp DE's holdings in Sportradar Group were worth $4,182,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in SRAD. R Squared Ltd acquired a new position in Sportradar Group during the 4th quarter worth about $44,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Sportradar Group in the 4th quarter valued at about $415,000. Cambiar Investors LLC purchased a new position in Sportradar Group during the 4th quarter worth approximately $10,837,000. Shaker Investments LLC OH grew its stake in Sportradar Group by 102.1% during the 4th quarter. Shaker Investments LLC OH now owns 43,673 shares of the company's stock worth $757,000 after buying an additional 22,059 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new position in Sportradar Group during the 4th quarter worth approximately $406,000.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SRAD. BTIG Research assumed coverage on Sportradar Group in a research note on Friday, April 11th. They issued a "buy" rating and a $28.00 price target on the stock. Morgan Stanley upped their price target 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. Citigroup upped their target price on Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. upped their target price on Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Finally, Needham & Company LLC restated a "buy" rating and set a $27.00 price objective on shares of Sportradar Group in a research note on Monday, May 12th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Sportradar Group has a consensus rating of "Moderate Buy" and an average price target of $27.00.

Sportradar Group Stock Down 1.7%

SRAD stock traded down $0.41 during trading hours on Tuesday, reaching $23.60. 1,551,134 shares of the stock were exchanged, compared to its average volume of 955,075. The firm's 50-day moving average is $22.98 and its 200-day moving average is $20.75. The company has a market cap of $26.26 billion, a price-to-earnings ratio of 118.01, a PEG ratio of 1.53 and a beta of 2.08. 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 AG has a 12 month low of $10.06 and a 12 month high of $25.85.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.07 earnings per share (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 firm had revenue of $336.71 million during the quarter, compared to the consensus estimate of $318.81 million. Sportradar Group's revenue for the quarter was up 17.0% compared to the same quarter last year. On average, equities research analysts expect that Sportradar Group AG will post 0.15 earnings per share for the current year.

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.