SG Americas Securities LLC bought a new position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 85,086 shares of the company's stock, valued at approximately $1,840,000.
Several other institutional investors also recently modified their holdings of the stock. National Bank of Canada FI increased its position in shares of Sportradar Group by 1,366.4% during the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock worth $27,000 after acquiring an additional 1,462 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Sportradar Group in the 4th quarter valued at approximately $28,000. US Bancorp DE bought a new stake in Sportradar Group in the 4th quarter valued at approximately $39,000. Loomis Sayles & Co. L P bought a new position in shares of Sportradar Group during the 4th quarter worth approximately $43,000. Finally, Huntington National Bank raised its holdings in shares of Sportradar Group by 143.3% in the fourth quarter. Huntington National Bank now owns 2,613 shares of the company's stock valued at $45,000 after purchasing an additional 1,539 shares during the last quarter.
Wall Street Analysts Forecast Growth
SRAD has been the subject of several recent research reports. Guggenheim restated a "buy" rating and set a $27.00 target price on shares of Sportradar Group in a report on Thursday, April 3rd. Canaccord Genuity Group upped their target price on Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. Benchmark increased their price target on Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. BTIG Research initiated coverage on Sportradar Group in a research report on Friday, April 11th. They set a "buy" rating and a $28.00 price target on the stock. Finally, Bank of America raised Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price objective for the company in a report on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Sportradar Group has an average rating of "Moderate Buy" and a consensus target price of $27.00.
Check Out Our Latest Analysis on SRAD
Sportradar Group Stock Performance
Shares of NASDAQ SRAD traded up $0.32 during mid-day trading on Monday, reaching $24.65. 812,493 shares of the company were exchanged, compared to its average volume of 1,003,654. The stock has a market capitalization of $27.43 billion, a P/E ratio of 123.26, a P/E/G ratio of 1.53 and a beta of 2.04. 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 company's 50-day simple moving average is $23.46 and its 200-day simple moving average is $21.16. Sportradar Group AG has a twelve month low of $10.06 and a twelve month high of $25.85.
Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $336.71 million during the quarter, compared to analysts' expectations of $318.81 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The company's quarterly revenue was up 17.0% on a year-over-year basis. As a group, research analysts predict that Sportradar Group AG will post 0.15 earnings per share for the current year.
Sportradar Group Profile
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Free Report)
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.
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