Moody National Bank Trust Division Has $3.23 Million Stock Position in Sportradar Group AG (NASDAQ:SRAD)

Moody National Bank Trust Division raised its holdings in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 9.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 149,217 shares of the company's stock after purchasing an additional 12,291 shares during the quarter. Moody National Bank Trust Division's holdings in Sportradar Group were worth $3,226,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. National Bank of Canada FI lifted its holdings in shares of Sportradar Group by 1,366.4% in the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock valued at $27,000 after purchasing an additional 1,462 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Sportradar Group in the fourth quarter valued at approximately $28,000. US Bancorp DE acquired a new position in Sportradar Group during the fourth quarter worth approximately $39,000. Loomis Sayles & Co. L P acquired a new position in Sportradar Group during the fourth quarter worth approximately $43,000. Finally, R Squared Ltd acquired a new position in Sportradar Group during the fourth quarter worth approximately $44,000.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Bank of America raised shares of Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price target for the company in a research report on Tuesday, April 22nd. Guggenheim reiterated a "buy" rating and set a $27.00 price objective on shares of Sportradar Group in a research note on Thursday, April 3rd. UBS Group boosted their price objective 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. Needham & Company LLC reissued a "buy" rating and set a $27.00 target price on shares of Sportradar Group in a report on Monday, May 12th. Finally, Morgan Stanley increased their price objective 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. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $27.00.

Sportradar Group Price Performance

NASDAQ:SRAD traded down $0.40 during mid-day trading on Tuesday, reaching $23.61. 332,734 shares of the company were exchanged, compared to its average volume of 948,070. Sportradar Group AG has a 12 month low of $10.06 and a 12 month high of $25.85. The company has a fifty day moving average of $22.96 and a 200 day moving average of $20.73. 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 stock has a market cap of $26.27 billion, a PE ratio of 118.06, a PEG ratio of 1.53 and a beta of 2.08.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its 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. The company had revenue of $336.71 million for the quarter, compared to analyst estimates of $318.81 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The company's revenue for the quarter was up 17.0% compared to the same quarter last year. On average, research analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

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.