Millennium Management LLC Has $5.04 Million Holdings in Sportradar Group AG (NASDAQ:SRAD)

Millennium Management LLC reduced its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 26.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 290,359 shares of the company's stock after selling 101,762 shares during the period. Millennium Management LLC's holdings in Sportradar Group were worth $5,035,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SRAD. Sei Investments Co. purchased a new position in shares of Sportradar Group during the fourth quarter worth about $3,626,000. Cornerstone Investment Partners LLC purchased a new position in shares of Sportradar Group in the 4th quarter valued at about $199,000. Renaissance Technologies LLC lifted its position in shares of Sportradar Group by 79.2% during the 4th quarter. Renaissance Technologies LLC now owns 382,310 shares of the company's stock valued at $6,629,000 after acquiring an additional 169,010 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in Sportradar Group in the fourth quarter valued at $406,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Sportradar Group during the fourth quarter worth about $1,980,000.

Sportradar Group Stock Performance

SRAD traded down $0.04 during midday trading on Friday, reaching $23.96. The company's stock had a trading volume of 1,984,531 shares, compared to its average volume of 945,918. Sportradar Group AG has a twelve month low of $9.98 and a twelve month high of $25.85. The stock has a market cap of $26.66 billion, a P/E ratio of 119.81, a PEG ratio of 1.53 and a beta of 2.08. The company has a fifty day simple moving average of $22.93 and a 200 day simple moving average of $20.63. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its earnings results 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 business 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. Research analysts expect that Sportradar Group AG will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SRAD. BTIG Research started coverage on shares of Sportradar Group in a report on Friday, April 11th. They set a "buy" rating and a $28.00 price target for the company. Canaccord Genuity Group boosted their target price on shares of Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. Citigroup lifted their price objective on Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. 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 research note on Tuesday, April 22nd. Finally, Jefferies Financial Group raised their price target on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Sportradar Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.

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.