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TD Asset Management Inc Makes New Investment in Sportradar Group AG (NASDAQ:SRAD)

Sportradar Group logo with Consumer Discretionary background

Key Points

  • TD Asset Management Inc purchased a new position in Sportradar Group AG, acquiring 17,504 shares valued at approximately $378,000 during the first quarter.
  • A number of analysts have upgraded Sportradar Group's stock ratings recently, with Jefferies raising its price target from $27.00 to $32.00 and thirteen analysts giving the stock a "buy" rating.
  • Sportradar Group reported $0.07 earnings per share for the last quarter, exceeding analysts' estimates and showing a 17.0% increase in revenue compared to the same quarter last year.
  • Need better tools to track Sportradar Group? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

TD Asset Management Inc bought a new stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,504 shares of the company's stock, valued at approximately $378,000.

Other hedge funds have also made changes to their positions in the company. National Bank of Canada FI grew its stake in Sportradar Group by 1,366.4% in 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 last quarter. Pacer Advisors Inc. grew its position in shares of Sportradar Group by 43.9% in the first quarter. Pacer Advisors Inc. now owns 1,759 shares of the company's stock valued at $38,000 after purchasing an additional 537 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in Sportradar Group by 34.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company's stock valued at $46,000 after buying an additional 551 shares during the last quarter. Huntington National Bank increased its position in Sportradar Group by 143.3% during the fourth quarter. Huntington National Bank now owns 2,613 shares of the company's stock worth $45,000 after buying an additional 1,539 shares in the last quarter. Finally, Ancora Advisors LLC raised its holdings in shares of Sportradar Group by 37.0% in the fourth quarter. Ancora Advisors LLC now owns 6,850 shares of the company's stock worth $119,000 after acquiring an additional 1,850 shares during the last quarter.

Sportradar Group Trading Down 1.9%

NASDAQ:SRAD traded down $0.53 on Friday, hitting $27.52. 1,105,823 shares of the stock were exchanged, compared to its average volume of 1,674,123. The stock has a fifty day moving average of $27.24 and a 200-day moving average of $23.88. The stock has a market cap of $30.63 billion, a PE ratio of 76.19 and a beta of 2.07. The company has a current ratio of 1.31, a quick ratio of 1.35 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a fifty-two week low of $10.38 and a fifty-two week high of $30.63.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.13. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%. The business had revenue of $374.25 million during the quarter, compared to analysts' expectations of $315.30 million. The company's revenue was up 14.1% compared to the same quarter last year. As a group, equities analysts expect that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on SRAD. Morgan Stanley increased their price objective on Sportradar Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Wednesday. Truist Financial upped their target price on shares of Sportradar Group from $33.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. JMP Securities raised their price target on shares of Sportradar Group from $25.00 to $30.00 and gave the stock a "market outperform" rating in a research note on Tuesday, July 15th. Benchmark boosted their price objective on shares of Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Finally, Needham & Company LLC lifted their target price on shares of Sportradar Group from $28.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Sportradar Group currently has an average rating of "Moderate Buy" and an average target price of $29.88.

View Our Latest Report on Sportradar Group

About Sportradar Group

(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.

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Institutional Ownership by Quarter for Sportradar Group (NASDAQ:SRAD)

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