Moody Aldrich Partners LLC Boosts Stock Holdings in Sportradar Group AG (NASDAQ:SRAD)

Moody Aldrich Partners LLC boosted its stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 78.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 254,966 shares of the company's stock after buying an additional 111,902 shares during the period. Sportradar Group comprises 1.2% of Moody Aldrich Partners LLC's investment portfolio, making the stock its 28th largest holding. 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.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. National Bank of Canada FI increased its holdings 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 purchasing an additional 1,462 shares during the period. SBI Securities Co. Ltd. acquired a new position in Sportradar Group in the fourth quarter worth approximately $28,000. US Bancorp DE acquired a new position in Sportradar Group in the fourth quarter worth approximately $39,000. Loomis Sayles & Co. L P acquired a new position in Sportradar Group in the fourth quarter worth approximately $43,000. Finally, Huntington National Bank increased its holdings in Sportradar Group by 143.3% in the fourth quarter. Huntington National Bank now owns 2,613 shares of the company's stock worth $45,000 after buying an additional 1,539 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms recently commented on SRAD. Macquarie began coverage on Sportradar Group in a report on Friday, June 20th. They issued an "outperform" rating and a $32.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Guggenheim restated a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a research note on Thursday, April 3rd. UBS Group boosted their target price on Sportradar Group from $24.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, April 8th. Finally, Canaccord Genuity Group boosted their target price on Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $28.14.

Sportradar Group Stock Performance

NASDAQ SRAD traded up $0.11 on Monday, reaching $28.34. The stock had a trading volume of 1,259,387 shares, compared to its average volume of 1,113,956. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a fifty day moving average of $24.58 and a two-hundred day moving average of $22.15. Sportradar Group AG has a 1-year low of $10.06 and a 1-year high of $28.50. The company has a market cap of $31.54 billion, a P/E ratio of 149.17 and a beta of 2.07.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. The firm had revenue of $336.71 million for the quarter, compared to analyst estimates of $318.81 million. Sportradar Group had a return on equity of 6.38% and a net margin of 5.16%. The firm's quarterly revenue was up 17.0% on a year-over-year basis. On average, equities research analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current year.

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.