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9,813 Shares in Sportradar Group AG (NASDAQ:SRAD) Purchased by Nicolet Advisory Services LLC

Sportradar Group logo with Consumer Discretionary background

Key Points

  • Nicolet Advisory Services LLC has acquired a new stake in Sportradar Group AG (NASDAQ:SRAD) valued at approximately $216,000, purchasing 9,813 shares during the first quarter.
  • Sportradar Group reported $336.71 million in revenue for the latest quarter, surpassing estimates, and experienced a 17.0% year-over-year revenue increase.
  • Wall Street analysts rate Sportradar with an average rating of "Moderate Buy" and set a price target of $29.25, indicating positive market sentiment towards the company.
  • Need better tools to track Sportradar Group? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Nicolet Advisory Services LLC acquired a new position in Sportradar Group AG (NASDAQ:SRAD - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,813 shares of the company's stock, valued at approximately $216,000.

A number of other large investors also recently bought and sold shares of SRAD. Greenhouse Funds LLLP raised its stake in shares of 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 acquiring an additional 193,962 shares in the last quarter. Unisphere Establishment acquired a new position in shares of Sportradar Group during the 4th quarter worth approximately $51,596,000. Granahan Investment Management LLC increased its stake 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 worth $34,836,000 after acquiring an additional 930,310 shares during the last quarter. Sellaronda Global Management LP acquired a new stake in shares of Sportradar Group during the fourth quarter worth about $14,739,000. Finally, Penn Capital Management Company LLC acquired a new stake in Sportradar Group in the fourth quarter valued at approximately $14,029,000.

Sportradar Group Stock Performance

NASDAQ:SRAD traded down $0.39 during trading hours on Thursday, reaching $28.05. 1,497,187 shares of the company's stock were exchanged, compared to its average volume of 1,675,600. The firm has a market capitalization of $31.21 billion, a price-to-earnings ratio of 77.92 and a beta of 2.07. The company has a 50-day moving average of $27.16 and a 200 day moving average of $23.83. Sportradar Group AG has a 1-year low of $10.38 and a 1-year high of $30.63. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.04.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.13. The company had revenue of $374.25 million during the quarter, compared to the consensus estimate of $315.30 million. Sportradar Group had a return on equity of 11.93% and a net margin of 9.35%. Sportradar Group's revenue for the quarter was up 14.1% compared to the same quarter last year. Research analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Benchmark raised their price objective on shares of Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Arete assumed coverage on shares of Sportradar Group in a research report on Wednesday, July 9th. They issued a "neutral" rating and a $31.00 price target on the stock. Truist Financial boosted their price target on Sportradar Group from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Needham & Company LLC upped their target price on shares of Sportradar Group from $28.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Jefferies Financial Group upped their target price on shares of Sportradar Group from $27.00 to $32.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $29.88.

Read Our Latest Analysis on Sportradar Group

Sportradar Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sportradar Group (NASDAQ:SRAD)

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