Moody National Bank Trust Division boosted its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 9.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 149,217 shares of the company's stock after buying 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.
Other large investors also recently made changes to their positions in the company. Sei Investments Co. purchased a new position in shares of Sportradar Group in the 4th quarter worth $3,626,000. Cornerstone Investment Partners LLC purchased a new position in shares of Sportradar Group in the 4th quarter worth $199,000. Mackenzie Financial Corp purchased a new position in shares of Sportradar Group in the 4th quarter worth $1,236,000. Renaissance Technologies LLC raised its position in shares of Sportradar Group by 79.2% in the 4th quarter. Renaissance Technologies LLC now owns 382,310 shares of the company's stock worth $6,629,000 after buying an additional 169,010 shares during the period. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of Sportradar Group in the 4th quarter worth $406,000.
Sportradar Group Stock Down 0.2%
Shares of Sportradar Group stock traded down $0.04 during trading hours on Friday, hitting $23.96. 1,984,531 shares of the company's stock traded hands, compared to its average volume of 947,984. The stock has a 50 day simple moving average of $22.93 and a 200-day simple moving average of $20.66. 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 has a market cap of $26.66 billion, a PE ratio of 119.81, a PEG ratio of 1.53 and a beta of 2.08. 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 announced its earnings results on Monday, May 12th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The company had revenue of $336.71 million during the quarter, compared to the consensus estimate of $318.81 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The firm's quarterly revenue was up 17.0% compared to the same quarter last year. Equities research analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
SRAD has been the topic of several research reports. Canaccord Genuity Group increased their target price on Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. Benchmark increased their target price on Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Bank of America upgraded Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price target for the company in a report on Tuesday, April 22nd. BTIG Research initiated coverage on Sportradar Group in a report on Friday, April 11th. They issued a "buy" rating and a $28.00 price target for the company. Finally, Morgan Stanley increased their price target on Sportradar Group from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday, April 16th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Sportradar Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.
Read Our Latest Analysis on SRAD
About Sportradar Group
(
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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