Wealthstar Advisors LLC Purchases Shares of 43,548 Sportradar Group AG (NASDAQ:SRAD)

Wealthstar Advisors LLC acquired a new position in Sportradar Group AG (NASDAQ:SRAD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 43,548 shares of the company's stock, valued at approximately $942,000.

Several other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI lifted its holdings in Sportradar Group by 1,366.4% during the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock worth $27,000 after buying an additional 1,462 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Sportradar Group in the 4th quarter valued at $28,000. US Bancorp DE purchased a new stake in shares of Sportradar Group during the 4th quarter worth $39,000. Loomis Sayles & Co. L P bought a new stake in Sportradar Group during the fourth quarter valued at about $43,000. Finally, Huntington National Bank boosted its position in Sportradar Group by 143.3% during the fourth quarter. Huntington National Bank now owns 2,613 shares of the company's stock valued at $45,000 after purchasing an additional 1,539 shares in the last quarter.

Sportradar Group Stock Performance

Shares of NASDAQ SRAD traded up $0.13 during mid-day trading on Wednesday, hitting $27.82. The stock had a trading volume of 3,689,908 shares, compared to its average volume of 1,103,091. The firm has a market cap of $30.96 billion, a PE ratio of 146.43 and a beta of 2.07. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.35 and a current ratio of 1.35. The company has a 50 day moving average of $24.25 and a two-hundred day moving average of $21.88. Sportradar Group AG has a twelve month low of $10.06 and a twelve month high of $28.50.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. Sportradar Group had a return on equity of 6.38% and a net margin of 5.16%. The business had revenue of $336.71 million for the quarter, compared to the consensus estimate of $318.81 million. The business's revenue was up 17.0% on a year-over-year basis. Research analysts predict that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on SRAD. Needham & Company LLC reissued a "buy" rating and set a $27.00 price target on shares of Sportradar Group in a research report on Monday, May 12th. Guggenheim reiterated a "buy" rating and set a $27.00 price objective on shares of Sportradar Group in a research note on Thursday, April 3rd. JPMorgan Chase & Co. increased their target price 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. Jefferies Financial Group raised their target price 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. Finally, Truist Financial started coverage on Sportradar Group in a research report on Tuesday. They set a "buy" rating and a $33.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Sportradar Group has an average rating of "Moderate Buy" and a consensus price target of $27.79.

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.