Voloridge Investment Management LLC Buys New Position in Sportradar Group AG (NASDAQ:SRAD)

Voloridge Investment Management LLC bought a new stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 392,232 shares of the company's stock, valued at approximately $6,801,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SRAD. National Bank of Canada FI increased its holdings in Sportradar Group by 1,366.4% in 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. SBI Securities Co. Ltd. purchased a new stake in shares of Sportradar Group in the fourth quarter valued at about $28,000. US Bancorp DE purchased a new stake in shares of Sportradar Group in the fourth quarter valued at about $39,000. Loomis Sayles & Co. L P purchased a new stake in shares of Sportradar Group in the fourth quarter valued at about $43,000. Finally, R Squared Ltd acquired a new position in shares of Sportradar Group during the fourth quarter worth about $44,000.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Bank of America raised shares of Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price target on the stock in a research note on Tuesday, April 22nd. Needham & Company LLC restated a "buy" rating and set a $27.00 price target on shares of Sportradar Group in a research report on Monday, May 12th. Morgan Stanley raised their price objective on shares of Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 16th. BTIG Research started coverage on shares of Sportradar Group in a report on Friday, April 11th. They set a "buy" rating and a $28.00 price objective for the company. Finally, Jefferies Financial Group increased their price objective on shares of 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 given a buy rating to the company's stock. According to MarketBeat, Sportradar Group presently has an average rating of "Moderate Buy" and an average target price of $27.00.

Sportradar Group Stock Up 0.6%

Sportradar Group stock traded up $0.14 during mid-day trading on Friday, hitting $24.14. The company had a trading volume of 784,858 shares, compared to its average volume of 939,431. Sportradar Group AG has a 12 month low of $9.95 and a 12 month high of $25.85. The stock's 50 day moving average price is $22.91 and its two-hundred day moving average price is $20.58. 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 company has a market capitalization of $26.86 billion, a PE ratio of 121.01, a price-to-earnings-growth ratio of 1.53 and a beta of 2.08.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The firm had revenue of $336.71 million for 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%. Sportradar Group's revenue was up 17.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal 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.