AM Investment Strategies LLC lowered its stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 89.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,690 shares of the company's stock after selling 413,850 shares during the period. Sportradar Group accounts for approximately 2.4% of AM Investment Strategies LLC's portfolio, making the stock its 8th biggest holding. AM Investment Strategies LLC's holdings in Sportradar Group were worth $9,960,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Sei Investments Co. purchased a new position in Sportradar Group during the fourth quarter worth about $3,626,000. Mackenzie Financial Corp purchased a new position in Sportradar Group during the fourth quarter worth about $1,236,000. Renaissance Technologies LLC lifted its position in Sportradar Group by 79.2% during the fourth 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. Trexquant Investment LP lifted its position in Sportradar Group by 39.0% during the fourth quarter. Trexquant Investment LP now owns 182,877 shares of the company's stock worth $3,171,000 after buying an additional 51,350 shares during the period. Finally, 1492 Capital Management LLC purchased a new position in Sportradar Group during the fourth quarter worth about $2,170,000.
Wall Street Analyst Weigh In
SRAD has been the topic of a number of research reports. JMP Securities raised their price objective on Sportradar Group from $25.00 to $30.00 and gave the stock a "market outperform" rating in a report on Tuesday, July 15th. Benchmark raised their price objective on Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. The Goldman Sachs Group initiated coverage on Sportradar Group in a report on Monday, July 21st. They issued a "neutral" rating and a $31.00 price objective on the stock. Arete Research upgraded Sportradar Group to a "hold" rating in a report on Wednesday, July 9th. Finally, Arete began coverage on Sportradar Group in a report on Wednesday, July 9th. They set a "neutral" rating and a $31.00 target price on the stock. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $29.25.
Get Our Latest Stock Analysis on SRAD
Sportradar Group Stock Performance
Shares of SRAD traded up $0.06 during mid-day trading on Tuesday, hitting $28.06. The stock had a trading volume of 578,796 shares, compared to its average volume of 1,632,986. The company has a market cap of $31.22 billion, a PE ratio of 147.74 and a beta of 2.07. The company's fifty day simple moving average is $26.44 and its two-hundred day simple moving average is $23.43. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a fifty-two week low of $10.06 and a fifty-two week high of $30.63.
Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its 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 return on equity of 6.38% and a net margin of 5.16%. The company had revenue of $336.71 million during the quarter, compared to analyst estimates of $318.81 million. The company's revenue was up 17.0% on a year-over-year basis. On average, equities analysts expect that Sportradar Group AG will post 0.15 earnings per share for the current year.
Sportradar Group Company Profile
(
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.
Featured Stories
Before you consider Sportradar Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sportradar Group wasn't on the list.
While Sportradar Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access