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

Public Employees Retirement System of Ohio purchased a new position in Sportradar Group AG (NASDAQ:SRAD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 178,770 shares of the company's stock, valued at approximately $3,100,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Silvercrest Asset Management Group LLC grew its position in Sportradar Group by 1.6% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company's stock worth $755,000 after buying an additional 691 shares during the last quarter. LPL Financial LLC grew its position in Sportradar Group by 3.7% during the 4th quarter. LPL Financial LLC now owns 35,663 shares of the company's stock worth $618,000 after purchasing an additional 1,287 shares in the last quarter. XTX Topco Ltd grew its position in Sportradar Group by 5.8% during the 4th quarter. XTX Topco Ltd now owns 25,591 shares of the company's stock worth $444,000 after purchasing an additional 1,414 shares in the last quarter. National Bank of Canada FI grew its position in 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 in the last quarter. Finally, Huntington National Bank grew its position in Sportradar Group by 143.3% during the 4th quarter. Huntington National Bank now owns 2,613 shares of the company's stock worth $45,000 after purchasing an additional 1,539 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have weighed in on SRAD. Citigroup lifted their price objective on shares of Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Canaccord Genuity Group lifted 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. Jefferies Financial Group lifted their price objective on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Guggenheim reiterated a "buy" rating and set a $27.00 price objective on shares of Sportradar Group in a research report on Thursday, April 3rd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $27.00 price objective on shares of Sportradar Group in a research report on Monday, May 12th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.00.

Sportradar Group Stock Up 1.6%

Shares of SRAD stock traded up $0.37 on Wednesday, hitting $23.97. The company's stock had a trading volume of 1,105,667 shares, compared to its average volume of 957,923. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. Sportradar Group AG has a fifty-two week low of $10.06 and a fifty-two week high of $25.85. The firm's fifty day moving average price is $23.02 and its 200-day moving average price is $20.77. The stock has a market capitalization of $26.67 billion, a price-to-earnings ratio of 119.86, a P/E/G ratio of 1.53 and a beta of 2.08.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its quarterly earnings data 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 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 analyst estimates of $318.81 million. The business's revenue was up 17.0% on a year-over-year basis. Research analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current year.

Sportradar Group Company Profile

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.