Sportradar Group AG (NASDAQ:SRAD) Holdings Boosted by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC lifted its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 78.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 254,966 shares of the company's stock after purchasing an additional 111,902 shares during the period. Sportradar Group comprises about 1.2% of Moody Aldrich Partners LLC's investment portfolio, making the stock its 28th largest position. Moody Aldrich Partners LLC's holdings in Sportradar Group were worth $5,512,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. National Bank of Canada FI increased its position in shares of Sportradar Group by 1,366.4% during the fourth 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 during the period. SBI Securities Co. Ltd. bought a new stake in Sportradar Group during the 4th quarter valued at $28,000. US Bancorp DE bought a new stake in Sportradar Group during the 4th quarter valued at $39,000. Loomis Sayles & Co. L P bought a new stake in Sportradar Group during the 4th quarter valued at $43,000. Finally, Huntington National Bank raised its position in Sportradar Group by 143.3% during the 4th quarter. Huntington National Bank now owns 2,613 shares of the company's stock valued at $45,000 after purchasing an additional 1,539 shares in the last quarter.

Sportradar Group Stock Up 1.3%

Sportradar Group stock traded up $0.36 during trading on Friday, reaching $28.18. 825,956 shares of the company's stock were exchanged, compared to its average volume of 1,113,372. The company's 50-day moving average is $24.58 and its two-hundred day moving average is $22.11. 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 $28.50. The firm has a market cap of $31.36 billion, a price-to-earnings ratio of 148.32 and a beta of 2.07.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.07 earnings per share 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 analysts' expectations of $318.81 million. Sportradar Group had a net margin of 5.16% and a return on equity of 6.38%. The firm's revenue was up 17.0% on a year-over-year basis. On average, analysts predict that Sportradar Group AG will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Citigroup lifted their target price on Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Guggenheim reissued a "buy" rating and issued a $27.00 price target on shares of Sportradar Group in a research report on Thursday, April 3rd. Macquarie started coverage on Sportradar Group in a research report on Friday, June 20th. They issued an "outperform" rating and a $32.00 price target for the company. Canaccord Genuity Group boosted their price target on Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. Finally, BTIG Research initiated coverage on Sportradar Group in a research note on Friday, April 11th. They set a "buy" rating and a $28.00 target price on the stock. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Sportradar Group presently has an average rating of "Moderate Buy" and an average target price of $28.14.

Sportradar Group Company 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.