Graham Capital Management L.P. Makes New $772,000 Investment in Sportradar Group AG (NASDAQ:SRAD)

Graham Capital Management L.P. purchased a new stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 44,547 shares of the company's stock, valued at approximately $772,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Sportradar Group by 85.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company's stock worth $48,000 after purchasing an additional 1,272 shares in the last quarter. LPL Financial LLC boosted its stake in Sportradar Group by 3.7% during the 4th quarter. LPL Financial LLC now owns 35,663 shares of the company's stock worth $618,000 after purchasing an additional 1,287 shares during the last quarter. XTX Topco Ltd boosted its stake in Sportradar Group by 5.8% during the 4th quarter. XTX Topco Ltd now owns 25,591 shares of the company's stock worth $444,000 after purchasing an additional 1,414 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of 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 in the last quarter. Finally, Huntington National Bank raised its position in shares of Sportradar Group by 143.3% in the fourth quarter. Huntington National Bank now owns 2,613 shares of the company's stock valued at $45,000 after buying an additional 1,539 shares during the last quarter.

Sportradar Group Trading Down 1.4%

Shares of Sportradar Group stock traded down $0.34 during trading hours on Tuesday, hitting $23.55. The company's stock had a trading volume of 420,327 shares, compared to its average volume of 910,107. The stock has a market cap of $26.21 billion, a price-to-earnings ratio of 117.76, a P/E/G ratio of 1.53 and a beta of 2.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. Sportradar Group AG has a twelve month low of $9.94 and a twelve month high of $25.85. The firm has a fifty day moving average of $22.51 and a 200-day moving average of $20.13.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $336.71 million for the quarter, compared to analyst estimates of $318.81 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The firm's revenue for the quarter was up 17.0% on a year-over-year basis. Research analysts forecast that Sportradar Group AG will post 0.15 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on SRAD. Canaccord Genuity Group boosted their price target on shares of Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. UBS Group boosted 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. Bank of America upgraded Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price target for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. lifted their price objective on Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Finally, Needham & Company LLC restated a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a report on Monday, May 12th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Sportradar Group has an average rating of "Moderate Buy" and an average price target of $27.00.

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.