Point72 Asset Management L.P. Has $1.33 Million Stock Holdings in Sportradar Group AG (NASDAQ:SRAD)

Point72 Asset Management L.P. decreased its holdings in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 20.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 reporting period.

Several other hedge funds have also added to or reduced their stakes in SRAD. Sei Investments Co. acquired a new stake in shares of Sportradar Group during the fourth quarter worth $3,626,000. JPMorgan Chase & Co. increased its position in shares of Sportradar Group by 120.8% in the third quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company's stock worth $639,000 after purchasing an additional 28,878 shares during the period. Cornerstone Investment Partners LLC bought a new position in shares of Sportradar Group in the fourth quarter worth $199,000. Renaissance Technologies LLC increased its position in shares of Sportradar Group by 79.2% in the fourth quarter. Renaissance Technologies LLC now owns 382,310 shares of the company's stock worth $6,629,000 after purchasing an additional 169,010 shares during the period. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of Sportradar Group in the fourth quarter worth $406,000.

Sportradar Group Price Performance

Sportradar Group stock opened at $23.31 on Thursday. The stock's 50 day moving average is $22.66 and its 200 day moving average is $20.18. Sportradar Group AG has a one year low of $9.94 and a one year high of $25.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market cap of $25.94 billion, a P/E ratio of 116.56, a P/E/G ratio of 1.53 and a beta of 2.08.

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

Analyst Ratings Changes

SRAD has been the topic of a number of recent analyst reports. Guggenheim restated a "buy" rating and issued a $27.00 price target on shares of Sportradar Group in a research report on Thursday, April 3rd. Benchmark raised their price target on Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. BTIG Research began coverage on Sportradar Group in a research report on Friday, April 11th. They issued a "buy" rating and a $28.00 price target on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a research report on Monday, May 12th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $19.00 target price on shares of Sportradar Group in a research report on Monday, January 27th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Sportradar Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.

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.

Want to see what other hedge funds are holding SRAD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sportradar Group AG (NASDAQ:SRAD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.