16,672 Shares in Sportradar Group AG (NASDAQ:SRAD) Bought by Fifth Third Bancorp

Fifth Third Bancorp purchased a new stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,672 shares of the company's stock, valued at approximately $360,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SRAD. Sei Investments Co. bought a new position in Sportradar Group in the fourth quarter valued at approximately $3,626,000. Mackenzie Financial Corp bought a new position in Sportradar Group in the fourth quarter valued at approximately $1,236,000. Cornerstone Investment Partners LLC bought a new position in Sportradar Group in the fourth quarter valued at approximately $199,000. Renaissance Technologies LLC boosted its stake in Sportradar Group by 79.2% in the fourth quarter. Renaissance Technologies LLC now owns 382,310 shares of the company's stock valued at $6,629,000 after acquiring an additional 169,010 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new position in Sportradar Group in the fourth quarter valued at approximately $406,000.

Sportradar Group Stock Up 0.8%

Shares of NASDAQ:SRAD traded up $0.20 during midday trading on Friday, reaching $25.40. 2,223,757 shares of the company were exchanged, compared to its average volume of 1,021,875. Sportradar Group AG has a fifty-two week low of $10.06 and a fifty-two week high of $26.19. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.04. The stock has a fifty day simple moving average of $23.76 and a two-hundred day simple moving average of $21.40. The firm has a market cap of $28.26 billion, a PE ratio of 133.69 and a beta of 2.04.

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 analysts' consensus estimates of $0.05 by $0.02. Sportradar Group had a net margin of 5.16% and a return on equity of 6.38%. The business had revenue of $336.71 million for the quarter, compared to analyst estimates of $318.81 million. The firm's revenue was up 17.0% on a year-over-year basis. As a group, sell-side analysts forecast that Sportradar Group AG will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

SRAD has been the topic of a number of recent research reports. Bank of America raised shares of Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price objective on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. raised 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. Macquarie began coverage on shares of Sportradar Group in a research note on Friday. They issued an "outperform" rating and a $32.00 price objective on the stock. Citigroup lifted their price target on shares of Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Finally, Needham & Company LLC reissued a "buy" rating and set a $27.00 price target on shares of Sportradar Group in a research report on Monday, May 12th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, Sportradar Group currently has an average rating of "Moderate Buy" and an average target price of $27.38.

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.