Two Sigma Advisers LP Has $2.92 Million Holdings in Sportradar Group AG (NASDAQ:SRAD)

Two Sigma Advisers LP grew its holdings in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 659.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Unisphere Establishment purchased a new stake in shares of Sportradar Group in the 4th quarter valued at about $51,596,000. Granahan Investment Management LLC increased its position in Sportradar Group by 86.2% during the 4th quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock worth $34,836,000 after purchasing an additional 930,310 shares during the period. Sellaronda Global Management LP acquired a new position in Sportradar Group during the 4th quarter worth approximately $14,739,000. Penn Capital Management Company LLC acquired a new stake in shares of Sportradar Group in the 4th quarter worth approximately $14,029,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Sportradar Group in the 4th quarter worth approximately $12,887,000.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SRAD. Morgan Stanley increased their price target on Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 16th. Canaccord Genuity Group increased their price target on shares of Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. UBS Group raised their target price on shares of Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. Citigroup lifted their price target on Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Sportradar Group from $26.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

Sportradar Group Trading Down 0.2%

Sportradar Group stock traded down $0.04 during midday trading on Thursday, reaching $24.00. The stock had a trading volume of 1,402,479 shares, compared to its average volume of 939,798. The firm's fifty day simple moving average is $22.91 and its two-hundred day simple moving average is $20.58. Sportradar Group AG has a twelve month low of $9.95 and a twelve month high of $25.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market cap of $26.71 billion, a price-to-earnings ratio of 120.01, a PEG ratio of 1.53 and a beta of 2.08.

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

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.