Legato Capital Management LLC Buys New Position in Sportradar Group AG (NASDAQ:SRAD)

Legato Capital Management LLC purchased a new stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,515 shares of the company's stock, valued at approximately $876,000.

Other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI raised its holdings in Sportradar Group by 1,366.4% in the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock valued at $27,000 after acquiring an additional 1,462 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in Sportradar Group in the fourth quarter valued at $43,000. Huntington National Bank raised its holdings in Sportradar Group by 143.3% in the fourth quarter. Huntington National Bank now owns 2,613 shares of the company's stock valued at $45,000 after acquiring an additional 1,539 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in Sportradar Group by 34.5% in the first quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock valued at $46,000 after acquiring an additional 551 shares in the last quarter. Finally, Ancora Advisors LLC raised its holdings in Sportradar Group by 37.0% in the fourth quarter. Ancora Advisors LLC now owns 6,850 shares of the company's stock valued at $119,000 after acquiring an additional 1,850 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SRAD shares. Guggenheim reissued a "buy" rating and set a $27.00 target price on shares of Sportradar Group in a report on Thursday, April 3rd. Benchmark increased their target price on shares of Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. UBS Group increased their target price on shares of Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. Canaccord Genuity Group increased their target price on shares of Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. Finally, Arete started coverage on shares of Sportradar Group in a report on Wednesday, July 9th. They set a "neutral" rating and a $31.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $29.25.

Sportradar Group Stock Performance

Shares of SRAD stock traded down $0.09 during trading hours on Monday, reaching $28.42. The stock had a trading volume of 364,993 shares, compared to its average volume of 1,632,920. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.35 and a quick ratio of 1.35. Sportradar Group AG has a twelve month low of $10.06 and a twelve month high of $30.63. The firm has a 50-day simple moving average of $26.36 and a 200-day simple moving average of $23.37. The firm has a market capitalization of $31.62 billion, a PE ratio of 149.74 and a beta of 2.07.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. The firm had revenue of $336.71 million during the quarter, compared to analyst estimates of $318.81 million. Sportradar Group had a net margin of 5.16% and a return on equity of 6.38%. The business's quarterly revenue was up 17.0% compared to the same quarter last year. As a group, 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.