Mackenzie Financial Corp Acquires New Shares in Sportradar Group AG (NASDAQ:SRAD)

Mackenzie Financial Corp purchased a new stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 71,256 shares of the company's stock, valued at approximately $1,236,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. National Bank of Canada FI grew 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 worth $27,000 after acquiring an additional 1,462 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Sportradar Group during the fourth quarter valued at about $28,000. US Bancorp DE purchased a new position in Sportradar Group during the fourth quarter worth about $39,000. Loomis Sayles & Co. L P bought a new stake in Sportradar Group in the 4th quarter worth about $43,000. Finally, R Squared Ltd bought a new stake in Sportradar Group in the 4th quarter worth about $44,000.

Sportradar Group Stock Performance

SRAD traded up $0.10 during trading hours on Monday, hitting $24.01. The stock had a trading volume of 1,555,970 shares, compared to its average volume of 950,407. Sportradar Group AG has a 1 year low of $10.06 and a 1 year high of $25.85. The company's fifty day simple moving average is $22.93 and its 200 day simple moving average is $20.68. The stock has a market cap of $26.72 billion, a PE ratio of 120.06, a price-to-earnings-growth ratio of 1.53 and a beta of 2.08. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The firm had revenue of $336.71 million during the quarter, compared to the consensus estimate of $318.81 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The company's revenue was up 17.0% compared to the same quarter last year. Equities analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Citigroup boosted their target price on Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Jefferies Financial Group lifted their price target on Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. upped their price objective on Sportradar Group from $26.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. UBS Group raised their target price on Sportradar Group from $24.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, April 8th. Finally, Benchmark boosted their price target 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. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Sportradar Group presently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

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.