Graham Capital Management L.P. Takes Position in Sportradar Group AG (NASDAQ:SRAD)

Graham Capital Management L.P. bought a new stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 44,547 shares of the company's stock, valued at approximately $772,000.

Several other hedge funds have also recently made changes to their positions in SRAD. Barclays PLC raised its stake in shares of Sportradar Group by 3,098.9% in the third quarter. Barclays PLC now owns 5,918 shares of the company's stock valued at $72,000 after buying an additional 5,733 shares during the period. JPMorgan Chase & Co. grew its position in shares of Sportradar Group by 120.8% in the third quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company's stock valued at $639,000 after purchasing an additional 28,878 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Sportradar Group by 85.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company's stock valued at $48,000 after purchasing an additional 1,272 shares in the last quarter. Moody Aldrich Partners LLC purchased a new position in shares of Sportradar Group in the fourth quarter valued at $2,481,000. Finally, R Squared Ltd purchased a new position in shares of Sportradar Group in the fourth quarter valued at $44,000.

Sportradar Group Price Performance

Sportradar Group stock traded up $0.40 during midday trading on Friday, hitting $23.98. 2,392,028 shares of the company's stock were exchanged, compared to its average volume of 908,810. Sportradar Group AG has a 52-week low of $9.94 and a 52-week high of $25.85. The stock has a 50-day moving average price of $22.44 and a two-hundred day moving average price of $20.00. 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 company has a market cap of $26.68 billion, a P/E ratio of 119.91, a PEG 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 (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The firm had revenue of $336.71 million during the quarter, compared to analyst estimates of $318.81 million. The business's revenue for the quarter was up 17.0% on a year-over-year basis. On average, equities research analysts forecast that Sportradar Group AG will post 0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Needham & Company LLC reiterated a "buy" rating and issued a $27.00 price target on shares of Sportradar Group in a research report on Monday, May 12th. BTIG Research assumed coverage on Sportradar Group in a research report on Friday, April 11th. They issued a "buy" rating and a $28.00 price target for the company. Citigroup lifted their price target on Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. 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. Finally, UBS Group lifted their price target on Sportradar Group from $24.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, April 8th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Sportradar Group has an average rating of "Moderate Buy" and an average price target of $27.00.

Sportradar Group Company 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.