Mackenzie Financial Corp lifted its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 138.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 170,176 shares of the company's stock after purchasing an additional 98,920 shares during the quarter. Mackenzie Financial Corp's holdings in Sportradar Group were worth $3,679,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of SRAD. Unisphere Establishment purchased a new position in shares of Sportradar Group during the fourth quarter worth $51,596,000. Granahan Investment Management LLC raised its position in shares of Sportradar Group by 86.2% in the fourth quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock valued at $34,836,000 after buying an additional 930,310 shares during the last quarter. Sellaronda Global Management LP purchased a new stake in shares of Sportradar Group during the 4th quarter valued at $14,739,000. Penn Capital Management Company LLC purchased a new stake in Sportradar Group during the fourth quarter worth approximately $14,029,000. Finally, Oberweis Asset Management Inc. acquired a new stake in shares of Sportradar Group during the fourth quarter valued at about $12,639,000.
Sportradar Group Price Performance
Shares of NASDAQ SRAD traded up $0.63 during mid-day trading on Wednesday, reaching $28.47. The company had a trading volume of 2,199,009 shares, compared to its average volume of 1,674,129. The firm has a market cap of $31.68 billion, a price-to-earnings ratio of 149.55 and a beta of 2.07. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.35 and a current ratio of 1.35. The business's 50-day simple moving average is $27.07 and its 200 day simple moving average is $23.79. Sportradar Group AG has a one year low of $10.38 and a one year high of $30.63.
Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.07 EPS for the quarter, beating 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%. The company's quarterly revenue was up 17.0% on a year-over-year basis. On average, research analysts predict that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. Bank of America upgraded Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 target price for the company in a research note on Tuesday, April 22nd. Needham & Company LLC boosted their price objective on shares of Sportradar Group from $28.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday. Macquarie began coverage on shares of Sportradar Group in a report on Friday, June 20th. They set an "outperform" rating and a $32.00 price target for the company. Arete Research raised Sportradar Group to a "hold" rating in a research note on Wednesday, July 9th. Finally, Morgan Stanley increased their price objective on shares of Sportradar Group from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $29.88.
Get Our Latest Stock Analysis on SRAD
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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