JPMorgan Chase & Co. Has $31.60 Million Stock Holdings in Sportradar Group AG $SRAD

Key Points

• JPMorgan Chase & Co. raised its stake in Sportradar by 71.7% to 1,174,810 shares, holding about $31.60 million of stock (0.39% of the company) after the third quarter 13F filing.
• Sportradar's most recent quarter showed a $0.01 EPS (missed consensus by $0.09) while revenue jumped 20.2% year-over-year to $432.8 million, topping analyst estimates.
• Analysts have cut price targets but the consensus rating remains a Moderate Buy with an average price target of $30.33, amid a range of mid-$20s to low-$30s forecasts.

JPMorgan Chase & Co. increased its holdings in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 71.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,174,810 shares of the company's stock after buying an additional 490,755 shares during the quarter. JPMorgan Chase & Co. owned 0.39% of Sportradar Group worth $31,602,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Sportradar Group during the 1st quarter worth about $573,000. Goldman Sachs Group Inc. increased its holdings in shares of Sportradar Group by 175.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company's stock valued at $13,197,000 after purchasing an additional 388,769 shares during the period. Geode Capital Management LLC increased its holdings in shares of Sportradar Group by 5.3% in the 2nd quarter. Geode Capital Management LLC now owns 182,112 shares of the company's stock valued at $5,114,000 after purchasing an additional 9,162 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Sportradar Group in the second quarter worth approximately $316,000. Finally, Legal & General Group Plc purchased a new stake in shares of Sportradar Group in the second quarter worth approximately $260,000.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SRAD shares. Citizens Jmp lowered their price objective on shares of Sportradar Group from $34.00 to $31.00 and set a "market outperform" rating on the stock in a research report on Wednesday, March 4th. Needham & Company LLC cut their target price on shares of Sportradar Group from $34.00 to $27.00 and set a "buy" rating for the company in a research report on Wednesday, March 4th. BTIG Research decreased their target price on shares of Sportradar Group from $32.00 to $24.00 and set a "buy" rating for the company in a research note on Wednesday, March 4th. Weiss Ratings restated a "sell (d+)" rating on shares of Sportradar Group in a report on Monday, December 29th. Finally, Wells Fargo & Company dropped their price target on shares of Sportradar Group from $26.00 to $24.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $30.33.

Sportradar Group Price Performance

NASDAQ SRAD opened at $19.61 on Monday. The company has a quick ratio of 1.36, a current ratio of 1.17 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $5.87 billion, a PE ratio of 59.43 and a beta of 2.00. Sportradar Group AG has a 12-month low of $15.73 and a 12-month high of $32.22. The company has a 50 day moving average price of $18.24 and a two-hundred day moving average price of $22.67.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.09). Sportradar Group had a return on equity of 10.32% and a net margin of 7.73%.The business had revenue of $432.81 million for the quarter, compared to analyst estimates of $369.59 million. The business's revenue for the quarter was up 20.2% on a year-over-year basis. As a group, equities analysts predict that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Sportradar Group Company Profile

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.

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