Millennium Management LLC Lowers Stake in Sportradar Group AG (NASDAQ:SRAD)

Millennium Management LLC reduced its stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 26.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. LPL Financial LLC grew its position in shares of Sportradar Group by 3.7% during the 4th quarter. LPL Financial LLC now owns 35,663 shares of the company's stock valued at $618,000 after acquiring an additional 1,287 shares during the period. XTX Topco Ltd grew its position in shares of Sportradar Group by 5.8% during the 4th quarter. XTX Topco Ltd now owns 25,591 shares of the company's stock valued at $444,000 after acquiring an additional 1,414 shares during the period. National Bank of Canada FI grew its position in shares of Sportradar Group by 1,366.4% during the 4th quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock valued at $27,000 after acquiring an additional 1,462 shares during the period. Huntington National Bank grew its position in shares of Sportradar Group by 143.3% during the 4th quarter. Huntington National Bank now owns 2,613 shares of the company's stock valued at $45,000 after acquiring an additional 1,539 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Sportradar Group during the 4th quarter valued at approximately $28,000.

Sportradar Group Price Performance

NASDAQ SRAD traded up $0.10 on Monday, hitting $24.01. The stock had a trading volume of 1,555,970 shares, compared to its average volume of 950,411. Sportradar Group AG has a 52-week low of $10.06 and a 52-week high of $25.85. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market capitalization of $26.72 billion, a price-to-earnings ratio of 120.06, a price-to-earnings-growth ratio of 1.53 and a beta of 2.08. The firm has a 50-day moving average of $22.96 and a 200-day moving average of $20.73.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The business had revenue of $336.71 million for the quarter, compared to analysts' expectations of $318.81 million. Sportradar Group's quarterly revenue was up 17.0% compared to the same quarter last year. Equities analysts expect that Sportradar Group AG will post 0.15 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SRAD. Jefferies Financial Group increased their target price on shares of Sportradar Group from $23.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Guggenheim reaffirmed a "buy" rating and issued a $27.00 price objective on shares of Sportradar Group in a report on Thursday, April 3rd. JPMorgan Chase & Co. raised their price objective on shares of Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. BTIG Research began coverage on shares of Sportradar Group in a report on Friday, April 11th. They issued a "buy" rating and a $28.00 price objective for the company. Finally, Canaccord Genuity Group raised their price objective on shares of Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $27.00.

Sportradar Group Company Profile

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.