Two Sigma Investments LP Purchases 306,788 Shares of Sportradar Group AG (NASDAQ:SRAD)

Two Sigma Investments LP lifted its position in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 134.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 534,270 shares of the company's stock after acquiring an additional 306,788 shares during the period. Two Sigma Investments LP's holdings in Sportradar Group were worth $9,264,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. National Bank of Canada FI raised its holdings in Sportradar Group by 1,366.4% in the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock worth $27,000 after purchasing an additional 1,462 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Sportradar Group in the 4th quarter valued at $28,000. US Bancorp DE bought a new stake in shares of Sportradar Group in the 4th quarter valued at $39,000. Loomis Sayles & Co. L P acquired a new stake in Sportradar Group during the 4th quarter worth $43,000. Finally, R Squared Ltd bought a new position in Sportradar Group during the fourth quarter worth about $44,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SRAD shares. Citigroup increased their price target on Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Jefferies Financial Group increased their target price on Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. BTIG Research assumed coverage on shares of Sportradar Group in a report on Friday, April 11th. They set a "buy" rating and a $28.00 target price on the stock. Canaccord Genuity Group upped their price target on shares of Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. Finally, Benchmark increased their price objective on shares of Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.00.

Sportradar Group Stock Up 1.4%

Sportradar Group stock traded up $0.34 during mid-day trading on Friday, reaching $24.34. The company's stock had a trading volume of 612,566 shares, compared to its average volume of 938,890. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. Sportradar Group AG has a 12 month low of $9.95 and a 12 month high of $25.85. The business's 50 day simple moving average is $22.91 and its 200 day simple moving average is $20.58. The company has a market capitalization of $27.08 billion, a price-to-earnings ratio of 121.89, a price-to-earnings-growth ratio of 1.53 and a beta of 2.08.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.07 EPS for the quarter, topping 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 net margin of 5.61% and a return on equity of 6.69%. Sportradar Group's quarterly revenue was up 17.0% on a year-over-year basis. As a group, research analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current 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.