SG Americas Securities LLC Buys Shares of 85,086 Sportradar Group AG (NASDAQ:SRAD)

SG Americas Securities LLC acquired a new stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 85,086 shares of the company's stock, valued at approximately $1,840,000.

Several other institutional investors and hedge funds have also made changes to their positions in SRAD. Greenhouse Funds LLLP lifted its position in Sportradar Group by 2.0% in 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 during the period. Unisphere Establishment bought a new stake in shares of Sportradar Group in the 4th quarter worth $51,596,000. Granahan Investment Management LLC lifted its holdings in shares of Sportradar Group by 86.2% in the fourth quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock valued at $34,836,000 after buying an additional 930,310 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in 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 buying an additional 454,826 shares in the last quarter. Finally, Sellaronda Global Management LP acquired a new position in Sportradar Group during the fourth quarter worth about $14,739,000.

Sportradar Group Stock Up 1.6%

Shares of SRAD stock traded up $0.39 on Thursday, reaching $25.20. 1,720,884 shares of the company's stock traded hands, compared to its average volume of 1,011,819. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.35 and a current ratio of 1.35. Sportradar Group AG has a 12-month low of $10.06 and a 12-month high of $25.85. The business's 50 day moving average price is $23.64 and its two-hundred day moving average price is $21.27. The company has a market capitalization of $28.04 billion, a P/E ratio of 132.64 and a beta of 2.04.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. Sportradar Group had a net margin of 5.16% and a return on equity of 6.38%. The business had revenue of $336.71 million during the quarter, compared to analysts' expectations of $318.81 million. Sportradar Group's quarterly revenue was up 17.0% on a year-over-year basis. On average, equities analysts forecast that Sportradar Group AG will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SRAD shares. JPMorgan Chase & Co. upped their price target on shares of Sportradar Group from $26.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. BTIG Research started coverage on shares of Sportradar Group in a research note on Friday, April 11th. They set a "buy" rating and a $28.00 target price for the company. Morgan Stanley raised their target price on shares of Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 16th. Needham & Company LLC restated a "buy" rating and issued a $27.00 price target on shares of Sportradar Group in a research report on Monday, May 12th. Finally, Citigroup increased their price objective on Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Sportradar Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

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.