62,253 Shares in Sportradar Group AG (NASDAQ:SRAD) Bought by Informed Momentum Co LLC

Key Points

• Informed Momentum Co LLC invested approximately $1.35 million in Sportradar Group AG by acquiring 62,253 shares in the first quarter.
• Sportradar Group reported a net revenue of $374.25 million for the quarter, exceeding analysts' estimates by over $58 million.
• Analysts have a consensus rating of "Moderate Buy" on Sportradar shares, with a price target averaging around $29.88.

Informed Momentum Co LLC bought a new stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 62,253 shares of the company's stock, valued at approximately $1,346,000.

Several other institutional investors also recently made changes to their positions in the stock. Mackenzie Financial Corp bought a new position in Sportradar Group in the 4th quarter worth approximately $1,236,000. Renaissance Technologies LLC grew its holdings in Sportradar Group by 79.2% in the 4th quarter. Renaissance Technologies LLC now owns 382,310 shares of the company's stock worth $6,629,000 after buying an additional 169,010 shares in the last quarter. Natixis Advisors LLC bought a new position in Sportradar Group in the 1st quarter worth approximately $411,000. 1492 Capital Management LLC bought a new position in Sportradar Group in the 4th quarter worth approximately $2,170,000. Finally, Fifth Third Bancorp bought a new position in Sportradar Group in the 1st quarter worth approximately $360,000.

Sportradar Group Price Performance

Shares of SRAD traded up $0.32 during trading hours on Thursday, hitting $31.18. 1,730,212 shares of the company were exchanged, compared to its average volume of 2,129,291. The company has a market capitalization of $34.70 billion, a PE ratio of 86.61 and a beta of 2.07. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a fifty day simple moving average of $27.79 and a 200-day simple moving average of $24.19. Sportradar Group AG has a one year low of $10.79 and a one year high of $31.59.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.13. The company had revenue of $374.25 million during the quarter, compared to analyst estimates of $315.30 million. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%. The company's revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts predict that Sportradar Group AG will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SRAD. Truist Financial increased their price objective on Sportradar Group from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. JMP Securities increased their price target on Sportradar Group from $25.00 to $30.00 and gave the company a "market outperform" rating in a research note on Tuesday, July 15th. Arete Research raised Sportradar Group to a "hold" rating in a research note on Wednesday, July 9th. UBS Group increased their price target on Sportradar Group from $29.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Jefferies Financial Group increased their price target on Sportradar Group from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.50.

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.