Lisanti Capital Growth LLC acquired a new stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 230,640 shares of the company's stock, valued at approximately $4,986,000. Sportradar Group makes up about 1.5% of Lisanti Capital Growth LLC's holdings, making the stock its 22nd largest position.
Other large investors have also recently made changes to their positions in the company. National Bank of Canada FI lifted its position in shares of Sportradar Group by 1,366.4% during the 4th 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. SBI Securities Co. Ltd. purchased a new position in Sportradar Group in the 4th quarter worth approximately $28,000. US Bancorp DE purchased a new position in Sportradar Group in the 4th quarter worth approximately $39,000. Loomis Sayles & Co. L P purchased a new position in Sportradar Group in the 4th quarter worth approximately $43,000. Finally, Huntington National Bank lifted its holdings in Sportradar Group by 143.3% in the 4th quarter. Huntington National Bank now owns 2,613 shares of the company's stock worth $45,000 after purchasing an additional 1,539 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Guggenheim reissued a "buy" rating and issued a $27.00 price target on shares of Sportradar Group in a report on Thursday, April 3rd. Morgan Stanley boosted their price target on Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 16th. BTIG Research assumed coverage on Sportradar Group in a report on Friday, April 11th. They issued a "buy" rating and a $28.00 price target on the stock. Bank of America raised Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price target on the stock in a report on Tuesday, April 22nd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $27.00 price target on shares of Sportradar Group in a report on Monday, May 12th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.38.
Read Our Latest Analysis on Sportradar Group
Sportradar Group Price Performance
NASDAQ:SRAD traded up $0.91 during trading hours on Friday, reaching $28.05. The stock had a trading volume of 5,185,879 shares, compared to its average volume of 1,073,150. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.35 and a current ratio of 1.35. Sportradar Group AG has a 52 week low of $10.06 and a 52 week high of $28.14. The company has a 50 day moving average price of $24.10 and a two-hundred day moving average price of $21.74. The stock has a market capitalization of $31.21 billion, a PE ratio of 147.64 and a beta of 2.04.
Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. The company had revenue of $336.71 million during the quarter, compared to the consensus estimate of $318.81 million. Sportradar Group had a return on equity of 6.38% and a net margin of 5.16%. Sportradar Group's quarterly revenue was up 17.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.
Sportradar Group Profile
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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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