Geode Capital Management LLC Purchases 14,037 Shares of Sportradar Group AG (NASDAQ:SRAD)

Geode Capital Management LLC lifted its stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 11.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,661 shares of the company's stock after acquiring an additional 14,037 shares during the quarter. Geode Capital Management LLC's holdings in Sportradar Group were worth $2,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. National Bank of Canada FI increased its position in 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 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 acquired a new stake in shares of Sportradar Group during the fourth quarter worth $39,000. Loomis Sayles & Co. L P bought a new position in Sportradar Group during the fourth quarter worth $43,000. Finally, R Squared Ltd acquired a new position in Sportradar Group in the fourth quarter valued at $44,000.

Analysts Set New Price Targets

SRAD has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price objective on Sportradar Group from $23.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Benchmark boosted their price target on Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. BTIG Research initiated coverage on shares of Sportradar Group in a research report on Friday, April 11th. They set a "buy" rating and a $28.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of Sportradar Group from $26.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Finally, Canaccord Genuity Group increased their target price on shares of Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. 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, the company has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.

Sportradar Group Stock Up 1.6 %

Shares of Sportradar Group stock traded up $0.36 during trading hours on Thursday, reaching $23.47. The company's stock had a trading volume of 2,674,380 shares, compared to its average volume of 841,673. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The stock's fifty day simple moving average is $21.86 and its two-hundred day simple moving average is $19.05. The company has a market capitalization of $26.12 billion, a P/E ratio of 117.36, a P/E/G ratio of 1.53 and a beta of 2.10. Sportradar Group AG has a one year low of $9.17 and a one year high of $25.85.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.04). The business had revenue of $307.00 million during the quarter, compared to the consensus estimate of $294.60 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. On average, research analysts forecast 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.