Two Sigma Advisers LP Grows Position in Sportradar Group AG (NASDAQ:SRAD)

Two Sigma Advisers LP lifted its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 659.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 168,600 shares of the company's stock after buying an additional 146,400 shares during the period. Two Sigma Advisers LP's holdings in Sportradar Group were worth $2,924,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Greenhouse Funds LLLP grew its holdings in shares of Sportradar Group by 2.0% during the 4th quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company's stock worth $170,868,000 after purchasing an additional 193,962 shares in the last quarter. Unisphere Establishment acquired a new stake in Sportradar Group during the fourth quarter worth about $51,596,000. Granahan Investment Management LLC increased its holdings in Sportradar Group by 86.2% in the 4th quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock valued at $34,836,000 after buying an additional 930,310 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Sportradar Group by 47.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company's stock valued at $24,370,000 after buying an additional 454,826 shares in the last quarter. Finally, Sellaronda Global Management LP acquired a new position in shares of Sportradar Group in the 4th quarter valued at approximately $14,739,000.

Wall Street Analyst Weigh In

SRAD has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a research report on Monday, May 12th. Citigroup upped their price objective on shares of Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Guggenheim restated a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a research report on Thursday, April 3rd. Benchmark upped their price target on shares of Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Finally, Jefferies Financial Group increased their price target on Sportradar Group from $23.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.00.

Sportradar Group Trading Down 0.2%

Shares of Sportradar Group stock traded down $0.04 during 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 947,984. Sportradar Group AG has a 52-week low of $10.06 and a 52-week high of $25.85. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm's 50-day moving average is $22.93 and its two-hundred day moving average is $20.68. The company has a market cap of $26.66 billion, a price-to-earnings ratio of 119.81, a PEG ratio of 1.53 and a beta of 2.08.

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, beating analysts' consensus estimates of $0.05 by $0.02. The company had revenue of $336.71 million during the quarter, compared to the consensus estimate of $318.81 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The company's quarterly revenue was up 17.0% on a year-over-year basis. On average, sell-side analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current year.

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.