Two Sigma Investments LP Boosts Stock Holdings in Sportradar Group AG (NASDAQ:SRAD)

Two Sigma Investments LP lifted its position in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 134.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 534,270 shares of the company's stock after purchasing an additional 306,788 shares during the quarter. Two Sigma Investments LP's holdings in Sportradar Group were worth $9,264,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Silvercrest Asset Management Group LLC grew its position in Sportradar Group by 1.6% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company's stock valued at $755,000 after acquiring an additional 691 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Sportradar Group by 3.7% in the 4th quarter. LPL Financial LLC now owns 35,663 shares of the company's stock valued at $618,000 after purchasing an additional 1,287 shares in the last quarter. XTX Topco Ltd boosted its stake in shares of Sportradar Group by 5.8% in the 4th quarter. XTX Topco Ltd now owns 25,591 shares of the company's stock valued at $444,000 after purchasing an additional 1,414 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Sportradar Group by 1,366.4% during the 4th 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 last quarter. Finally, Huntington National Bank raised its position in Sportradar Group by 143.3% in the 4th quarter. Huntington National Bank now owns 2,613 shares of the company's stock worth $45,000 after purchasing an additional 1,539 shares during the period.

Sportradar Group Stock Up 0.9%

Shares of SRAD stock traded up $0.21 during midday trading on Wednesday, reaching $24.04. 1,030,283 shares of the stock were exchanged, compared to its average volume of 935,547. Sportradar Group AG has a 1 year low of $9.94 and a 1 year high of $25.85. The company's 50 day moving average is $22.85 and its two-hundred day moving average is $20.51. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm has a market cap of $26.75 billion, a PE ratio of 120.21, a price-to-earnings-growth ratio of 1.53 and a beta of 2.08.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm 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 firm's revenue was up 17.0% compared to the same quarter last year. On average, equities research analysts predict that Sportradar Group AG will post 0.15 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on SRAD. BTIG Research began coverage on shares of Sportradar Group in a research report on Friday, April 11th. They set a "buy" rating and a $28.00 price target for the company. Canaccord Genuity Group increased their target price on Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. Citigroup lifted their price target on Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Bank of America upgraded Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price objective for the company in a research report on Tuesday, April 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a research note on Monday, May 12th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.