Natixis Advisors LLC Makes New $411,000 Investment in Sportradar Group AG (NASDAQ:SRAD)

Key Points

• Natixis Advisors LLC has acquired a new stake in Sportradar Group AG, purchasing 19,014 shares valued at approximately $411,000.
• Multiple institutional investors, including JPMorgan Chase and LPL Financial, have significantly increased their positions in Sportradar Group during the fourth quarter.
• Sportradar Group reported a significant earnings beat, with a quarterly revenue of $374.25 million and earnings per share of $0.17, surpassing analyst estimates.

Natixis Advisors LLC acquired a new position in Sportradar Group AG (NASDAQ:SRAD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 19,014 shares of the company's stock, valued at approximately $411,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Greenhouse Funds LLLP raised its position in Sportradar Group by 2.0% during the fourth quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company's stock valued at $170,868,000 after purchasing an additional 193,962 shares in the last quarter. Unisphere Establishment purchased a new stake in Sportradar Group during the fourth quarter valued at about $51,596,000. Granahan Investment Management LLC raised its position in Sportradar Group by 86.2% during the fourth quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock valued at $34,836,000 after purchasing an additional 930,310 shares in the last quarter. Penn Capital Management Company LLC purchased a new stake in Sportradar Group during the fourth quarter valued at about $14,029,000. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Sportradar Group by 93.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 769,388 shares of the company's stock valued at $13,341,000 after buying an additional 372,269 shares during the last quarter.

Sportradar Group Trading Down 0.6%

Shares of NASDAQ SRAD traded down $0.18 during trading hours on Friday, hitting $31.00. The company's stock had a trading volume of 1,305,369 shares, compared to its average volume of 2,135,554. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market cap of $34.50 billion, a price-to-earnings ratio of 86.11 and a beta of 2.07. Sportradar Group AG has a 12 month low of $10.79 and a 12 month high of $31.59. The business has a 50-day simple moving average of $27.93 and a 200-day simple moving average of $24.28.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.04 by $0.13. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The business had revenue of $374.25 million during the quarter, compared to analyst estimates of $315.30 million. Sportradar Group's revenue for the quarter was up 14.1% compared to the same quarter last year. On average, analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SRAD shares. Morgan Stanley raised their price objective on Sportradar Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Arete Research raised Sportradar Group to a "hold" rating in a research note on Wednesday, July 9th. The Goldman Sachs Group started coverage on Sportradar Group in a research note on Monday, July 21st. They set a "neutral" rating and a $31.00 price objective on the stock. UBS Group raised their price objective on Sportradar Group from $29.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Macquarie started coverage on Sportradar Group in a research note on Friday, June 20th. They set an "outperform" rating and a $32.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $30.50.

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.