State of Wyoming Has $479,000 Position in Sportradar Group AG (NASDAQ:SRAD)

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

A number of other hedge funds and other institutional investors have also modified their holdings of SRAD. National Bank of Canada FI raised its stake in shares of 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 in the last quarter. SBI Securities Co. Ltd. acquired a new position in Sportradar Group during the fourth quarter worth about $28,000. US Bancorp DE acquired a new position in Sportradar Group during the fourth quarter worth about $39,000. Loomis Sayles & Co. L P acquired a new position in Sportradar Group during the fourth quarter worth about $43,000. Finally, R Squared Ltd acquired a new position in Sportradar Group during the fourth quarter worth about $44,000.

Sportradar Group Trading Up 0.8%

Shares of SRAD traded up $0.18 during midday trading on Friday, hitting $23.89. The stock had a trading volume of 1,467,932 shares, compared to its average volume of 932,785. Sportradar Group AG has a fifty-two week low of $9.94 and a fifty-two week high of $25.85. The business has a 50-day simple moving average of $22.80 and a two-hundred day simple moving average of $20.39. The firm has a market cap of $26.58 billion, a P/E ratio of 119.46, a price-to-earnings-growth ratio of 1.53 and a beta of 2.08. 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 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The company 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 firm's revenue was up 17.0% on a year-over-year basis. As a group, equities analysts forecast that Sportradar Group AG will post 0.15 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SRAD shares. Canaccord Genuity Group lifted their target price on Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. Needham & Company LLC reaffirmed a "buy" rating and set a $27.00 target price on shares of Sportradar Group in a report on Monday, May 12th. Citigroup lifted their target price on Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Benchmark lifted their target price on Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. lifted their target price on Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.00.

Sportradar Group 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.