New York State Common Retirement Fund Trims Stock Position in Sportradar Group AG (NASDAQ:SRAD)

New York State Common Retirement Fund decreased its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 18.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 609,590 shares of the company's stock after selling 133,612 shares during the period. New York State Common Retirement Fund owned 0.05% of Sportradar Group worth $13,179,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in SRAD. Unisphere Establishment bought a new stake in Sportradar Group in the fourth quarter worth about $51,596,000. Granahan Investment Management LLC increased its stake in shares of Sportradar Group by 86.2% in the fourth quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock worth $34,836,000 after purchasing an additional 930,310 shares in the last quarter. Sellaronda Global Management LP purchased a new position in shares of Sportradar Group in the fourth quarter worth about $14,739,000. Penn Capital Management Company LLC purchased a new position in shares of Sportradar Group in the fourth quarter worth about $14,029,000. Finally, Oberweis Asset Management Inc. purchased a new position in shares of Sportradar Group in the fourth quarter worth about $12,639,000.

Sportradar Group Trading Down 0.3%

NASDAQ:SRAD traded down $0.10 during midday trading on Friday, reaching $30.25. 1,703,115 shares of the stock traded hands, compared to its average volume of 1,167,297. The company has a fifty day moving average of $25.83 and a 200 day moving average of $22.92. Sportradar Group AG has a 12 month low of $10.06 and a 12 month high of $30.63. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market capitalization of $33.66 billion, a P/E ratio of 159.22 and a beta of 2.07.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, April 8th. Morgan Stanley boosted their price objective on shares of Sportradar Group from $22.00 to $23.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 16th. Jefferies Financial Group boosted their price objective on shares of Sportradar Group from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Macquarie started coverage on shares of Sportradar Group in a research note on Friday, June 20th. They set an "outperform" rating and a $32.00 price objective for the company. Finally, Citigroup boosted their price objective on shares of Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $29.13.

About Sportradar Group

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.