Mackenzie Financial Corp Acquires Shares of 71,256 Sportradar Group AG (NASDAQ:SRAD)

Mackenzie Financial Corp purchased a new position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 71,256 shares of the company's stock, valued at approximately $1,236,000.

Several other hedge funds have also made changes to their positions in the stock. National Bank of Canada FI raised its stake in shares of Sportradar Group by 1,366.4% in 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. acquired a new position in Sportradar Group in the fourth quarter valued at about $28,000. US Bancorp DE bought a new stake in Sportradar Group during the 4th quarter worth approximately $39,000. Loomis Sayles & Co. L P bought a new stake in shares of Sportradar Group during the fourth quarter worth $43,000. Finally, R Squared Ltd acquired a new stake in Sportradar Group in the 4th quarter valued at about $44,000.

Sportradar Group Trading Up 1.6%

Shares of SRAD stock traded up $0.37 on Wednesday, reaching $23.97. The company had a trading volume of 1,105,667 shares, compared to its average volume of 957,923. The stock has a market cap of $26.67 billion, a PE ratio of 119.86, a PEG ratio of 1.53 and a beta of 2.08. The company has a 50-day moving average of $23.02 and a 200-day moving average of $20.77. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a 12 month low of $10.06 and a 12 month high of $25.85.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly 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. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The company had revenue of $336.71 million for the quarter, compared to analyst estimates of $318.81 million. Sportradar Group's revenue for the quarter was up 17.0% on a year-over-year basis. On average, equities analysts forecast that Sportradar Group AG will post 0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Guggenheim restated a "buy" rating and issued a $27.00 price objective on shares of Sportradar Group in a research report on Thursday, April 3rd. Citigroup boosted their target price on Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Morgan Stanley upped their price target on Sportradar Group from $22.00 to $23.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 16th. BTIG Research began coverage on Sportradar Group in a research report on Friday, April 11th. They issued a "buy" rating and a $28.00 price objective for the company. Finally, Bank of America raised Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price objective for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Sportradar Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

About Sportradar Group

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.