Sportradar Group AG (NASDAQ:SRAD) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. cut its stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 20.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 76,579 shares of the company's stock after selling 19,921 shares during the quarter. Point72 Asset Management L.P.'s holdings in Sportradar Group were worth $1,328,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SRAD. National Bank of Canada FI grew its stake in shares of Sportradar Group by 1,366.4% during the 4th quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock worth $27,000 after purchasing an additional 1,462 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Sportradar Group during the 4th quarter worth $28,000. US Bancorp DE purchased a new stake in shares of Sportradar Group in the 4th quarter worth about $39,000. Loomis Sayles & Co. L P purchased a new stake in shares of Sportradar Group in the 4th quarter worth about $43,000. Finally, R Squared Ltd purchased a new stake in shares of Sportradar Group in the 4th quarter worth about $44,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SRAD shares. Canaccord Genuity Group boosted their price objective on shares of Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. BTIG Research started coverage on shares of Sportradar Group in a research report on Friday, April 11th. They issued a "buy" rating and a $28.00 price objective on the stock. UBS Group boosted their price objective on shares of Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, April 8th. Bank of America upgraded shares of Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price objective on the stock in a research report on Tuesday, April 22nd. Finally, Benchmark boosted their price objective on shares of Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.00.

Sportradar Group Trading Up 0.7%

Shares of SRAD stock traded up $0.17 during trading hours on Tuesday, hitting $24.06. 279,955 shares of the company were exchanged, compared to its average volume of 930,267. The firm has a market cap of $26.77 billion, a PE ratio of 120.38, a PEG ratio of 1.53 and a beta of 2.08. Sportradar Group AG has a 1 year low of $9.94 and a 1 year high of $25.85. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average of $22.82 and a 200 day moving average of $20.49.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The business had revenue of $336.71 million for the quarter, compared to analyst estimates of $318.81 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. Sportradar Group's revenue was up 17.0% on a year-over-year basis. Analysts expect that Sportradar Group AG will post 0.15 earnings per share for the current year.

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.