Public Employees Retirement System of Ohio Buys Shares of 178,770 Sportradar Group AG (NASDAQ:SRAD)

Public Employees Retirement System of Ohio acquired a new position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 178,770 shares of the company's stock, valued at approximately $3,100,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SRAD. Greenhouse Funds LLLP increased 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 worth $170,868,000 after purchasing an additional 193,962 shares in the last quarter. Unisphere Establishment purchased a new stake in 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 4th quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock worth $34,836,000 after buying an additional 930,310 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Sportradar Group by 47.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company's stock valued at $24,370,000 after acquiring an additional 454,826 shares during the last quarter. Finally, Sellaronda Global Management LP acquired a new position in shares of Sportradar Group during the fourth quarter valued at approximately $14,739,000.

Sportradar Group Trading Up 0.4%

SRAD stock traded up $0.10 during trading on Monday, reaching $24.01. 1,555,970 shares of the stock were exchanged, compared to its average volume of 950,407. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $26.72 billion, a price-to-earnings ratio of 120.06, a P/E/G ratio of 1.53 and a beta of 2.08. The business has a 50 day moving average price of $22.93 and a 200-day moving average price of $20.68. Sportradar Group AG has a 1 year low of $10.06 and a 1 year high of $25.85.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The business had revenue of $336.71 million during the quarter, compared to the consensus estimate of $318.81 million. The business'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 earnings per share for the current year.

Analyst Upgrades and Downgrades

SRAD has been the subject of several research reports. BTIG Research started coverage on Sportradar Group in a research report on Friday, April 11th. They set a "buy" rating and a $28.00 price target for the company. Canaccord Genuity Group lifted their target price on shares of Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. Jefferies Financial Group upped their target price on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. UBS Group raised their price target 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. Finally, Benchmark upped their price objective on shares of Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.