Legato Capital Management LLC purchased a new stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 40,515 shares of the company's stock, valued at approximately $876,000.
Several other large investors have also recently added to or reduced their stakes in SRAD. National Bank of Canada FI grew its stake in shares of 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 buying an additional 1,462 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in Sportradar Group in the 4th quarter worth approximately $43,000. Huntington National Bank grew its position 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 stake in shares of Sportradar Group by 34.5% during the first quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock valued at $46,000 after purchasing an additional 551 shares during the period. Finally, Ancora Advisors LLC lifted its position in shares of Sportradar Group by 37.0% during the fourth quarter. Ancora Advisors LLC now owns 6,850 shares of the company's stock worth $119,000 after purchasing an additional 1,850 shares in the last quarter.
Analyst Ratings Changes
Several research firms recently issued reports on SRAD. Morgan Stanley lifted their price target on shares of Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 16th. Needham & Company LLC reiterated a "buy" rating and issued a $27.00 price target on shares of Sportradar Group in a research note on Monday, May 12th. Bank of America raised Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price target for the company in a report on Tuesday, April 22nd. JMP Securities lifted their price objective on Sportradar Group from $25.00 to $30.00 and gave the stock a "market outperform" rating in a report on Tuesday, July 15th. Finally, Arete began coverage on shares of Sportradar Group in a research report on Wednesday, July 9th. They set a "neutral" rating and a $31.00 price target for the company. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $29.25.
Get Our Latest Stock Report on Sportradar Group
Sportradar Group Stock Performance
SRAD traded up $0.36 during trading on Friday, reaching $28.51. 1,282,276 shares of the company were exchanged, compared to its average volume of 2,074,931. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.04. The stock has a market cap of $31.72 billion, a P/E ratio of 150.06 and a beta of 2.07. Sportradar Group AG has a 52 week low of $10.06 and a 52 week high of $30.63. The firm has a 50 day moving average of $26.36 and a 200 day moving average of $23.30.
Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. Sportradar Group had a net margin of 5.16% and a return on equity of 6.38%. The firm had revenue of $336.71 million during the quarter, compared to analysts' expectations of $318.81 million. The business's revenue for the quarter was up 17.0% on a year-over-year basis. On average, sell-side analysts forecast that Sportradar Group AG will post 0.15 EPS for the current fiscal year.
About Sportradar Group
(
Free Report)
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.
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