Natixis Advisors LLC Makes New 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 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,014 shares of the company's stock, valued at approximately $411,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Unisphere Establishment bought a new position in Sportradar Group in the 4th quarter valued at approximately $51,596,000. Granahan Investment Management LLC boosted its holdings in shares of Sportradar Group by 86.2% during the 4th quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock valued at $34,836,000 after acquiring an additional 930,310 shares during the last quarter. Penn Capital Management Company LLC purchased a new stake in shares of Sportradar Group during the 4th quarter valued at about $14,029,000. Oberweis Asset Management Inc. purchased a new stake in shares of Sportradar Group during the 4th quarter valued at about $12,639,000. Finally, Invesco Ltd. purchased a new stake in Sportradar Group during the 4th quarter valued at $7,426,000.

Sportradar Group Price Performance

Shares of SRAD traded up $0.32 during midday trading on Thursday, hitting $31.18. 1,730,212 shares of the company traded hands, compared to its average volume of 1,693,273. The firm has a 50 day moving average of $27.64 and a 200-day moving average of $24.11. Sportradar Group AG has a 52 week low of $10.79 and a 52 week high of $31.59. The stock has a market cap of $34.70 billion, a price-to-earnings ratio of 86.61 and a beta of 2.07. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.31 and a current ratio of 1.31.

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

Analysts Set New Price Targets

SRAD has been the subject of several research analyst reports. Arete Research raised Sportradar Group to a "hold" rating in a report on Wednesday, July 9th. Macquarie began coverage on Sportradar Group in a report on Friday, June 20th. They issued an "outperform" rating and a $32.00 price objective for the company. Arete began coverage on Sportradar Group in a report on Wednesday, July 9th. They issued a "neutral" rating and a $31.00 price objective for the company. Jefferies Financial Group lifted their price objective on Sportradar Group from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Finally, Morgan Stanley boosted their price objective on shares of Sportradar Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $30.50.

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.