392,232 Shares in Sportradar Group AG (NASDAQ:SRAD) Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC purchased a new position in Sportradar Group AG (NASDAQ:SRAD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 392,232 shares of the company's stock, valued at approximately $6,801,000.

A number of other large investors have also bought and sold shares of the stock. Two Sigma Advisers LP raised its stake in Sportradar Group by 659.5% during the 4th quarter. Two Sigma Advisers LP now owns 168,600 shares of the company's stock worth $2,924,000 after buying an additional 146,400 shares during the period. Two Sigma Investments LP raised its position in shares of Sportradar Group by 134.9% during the fourth quarter. Two Sigma Investments LP now owns 534,270 shares of the company's stock worth $9,264,000 after purchasing an additional 306,788 shares during the period. State of Wyoming lifted its holdings in shares of Sportradar Group by 499.5% in the 4th quarter. State of Wyoming now owns 27,642 shares of the company's stock worth $479,000 after purchasing an additional 23,031 shares in the last quarter. Shellback Capital LP acquired a new stake in Sportradar Group in the 4th quarter valued at $2,461,000. Finally, Silvercrest Asset Management Group LLC increased its stake in Sportradar Group by 1.6% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company's stock valued at $755,000 after purchasing an additional 691 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Canaccord Genuity Group raised their price objective on shares of Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. JPMorgan Chase & Co. raised their price target on shares of Sportradar Group from $26.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Bank of America raised Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price objective for the company in a report on Tuesday, April 22nd. Morgan Stanley raised their target price on Sportradar Group from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday, April 16th. Finally, Benchmark raised their price target 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. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $27.00.

Sportradar Group Stock Performance

Shares of SRAD traded down $0.04 during mid-day trading on Thursday, hitting $24.01. The stock had a trading volume of 1,149,580 shares, compared to its average volume of 938,813. The firm has a market cap of $26.71 billion, a P/E ratio of 120.02, a PEG ratio of 1.53 and a beta of 2.08. Sportradar Group AG has a 52 week low of $9.94 and a 52 week 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 business has a fifty day moving average price of $22.89 and a 200-day moving average price of $20.53.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $318.81 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The business's revenue for the quarter was up 17.0% compared to the same quarter last year. On average, equities research analysts expect that Sportradar Group AG will post 0.15 EPS for the current year.

Sportradar Group Company 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.