State of Wyoming Raises Stock Position in Sportradar Group AG (NASDAQ:SRAD)

State of Wyoming boosted its holdings in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 499.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,642 shares of the company's stock after purchasing an additional 23,031 shares during the period. State of Wyoming's holdings in Sportradar Group were worth $479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its position in Sportradar Group by 1,366.4% during 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 during the period. SBI Securities Co. Ltd. acquired a new position in Sportradar Group during the fourth quarter valued at $28,000. US Bancorp DE acquired a new position in Sportradar Group during the fourth quarter valued at $39,000. Loomis Sayles & Co. L P acquired a new position in Sportradar Group during the fourth quarter valued at $43,000. Finally, R Squared Ltd acquired a new position in Sportradar Group during the fourth quarter valued at $44,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. JMP Securities restated a "market outperform" rating and set a $19.00 target price on shares of Sportradar Group in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their target price on shares of Sportradar Group from $26.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Morgan Stanley lifted their price objective on shares of Sportradar Group from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday, April 16th. Benchmark lifted their price objective on shares of Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Finally, Bank of America raised shares of Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price objective for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $27.00.

Sportradar Group Stock Down 0.4%

SRAD stock opened at $23.89 on Tuesday. The stock has a market capitalization of $26.58 billion, a P/E ratio of 119.46, a P/E/G ratio of 1.53 and a beta of 2.08. The firm has a 50-day simple moving average of $22.51 and a 200-day simple moving average of $20.13. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a 52 week low of $9.94 and a 52 week high of $25.85.

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

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.

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