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

Geode Capital Management LLC boosted its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 138,661 shares of the company's stock after purchasing 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 SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New York State Common Retirement Fund purchased a new stake in shares of Sportradar Group in the fourth quarter worth about $12,887,000. Cambiar Investors LLC purchased a new stake in shares of Sportradar Group during the 4th quarter worth approximately $10,837,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Sportradar Group by 47.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company's stock valued at $24,370,000 after acquiring an additional 454,826 shares during the last quarter. Zevenbergen Capital Investments LLC purchased a new position in shares of Sportradar Group in the fourth quarter valued at $3,964,000. Finally, Sei Investments Co. bought a new stake in Sportradar Group in the fourth quarter worth $3,626,000.

Sportradar Group Trading Up 1.0 %

SRAD stock traded up $0.23 during trading on Friday, hitting $23.70. The company had a trading volume of 1,340,705 shares, compared to its average volume of 848,533. The firm has a market capitalization of $26.37 billion, a P/E ratio of 118.51, a PEG ratio of 1.53 and a beta of 2.10. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a 52-week low of $9.17 and a 52-week high of $25.85. The company has a 50 day simple moving average of $21.97 and a 200-day simple moving average of $19.25.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted 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). Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The company had revenue of $307.00 million for the quarter, compared to the consensus estimate of $294.60 million. As a group, research analysts forecast that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on SRAD shares. Needham & Company LLC reissued a "buy" rating and issued a $27.00 price objective on shares of Sportradar Group in a research note on Wednesday, April 2nd. JMP Securities restated a "market outperform" rating and set a $19.00 price objective on shares of Sportradar Group in a research report on Monday, January 27th. UBS Group lifted their target price on Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. BTIG Research started coverage on Sportradar Group in a report on Friday, April 11th. They set a "buy" rating and a $28.00 price target on the stock. Finally, Citigroup lifted their price objective on shares of Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.00.

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.