Sportradar Group AG (NASDAQ:SRAD) Position Boosted by Granahan Investment Management LLC

Granahan Investment Management LLC raised its holdings in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 86.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,008,977 shares of the company's stock after acquiring an additional 930,310 shares during the quarter. Sportradar Group makes up about 1.5% of Granahan Investment Management LLC's investment portfolio, making the stock its 19th biggest position. Granahan Investment Management LLC owned about 0.18% of Sportradar Group worth $34,836,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Barclays PLC raised its holdings 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 last quarter. JPMorgan Chase & Co. boosted its stake in shares of Sportradar Group by 120.8% in the 3rd 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 during the last quarter. Harbor Capital Advisors Inc. increased its holdings in Sportradar Group by 4.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 224,668 shares of the company's stock worth $3,896,000 after buying an additional 8,551 shares during the last quarter. Moody National Bank Trust Division increased its stake in shares of Sportradar Group by 80.6% in the fourth quarter. Moody National Bank Trust Division now owns 136,926 shares of the company's stock valued at $2,374,000 after buying an additional 61,105 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Sportradar Group by 85.4% in the 4th 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.

Sportradar Group Trading Up 0.7%

NASDAQ:SRAD traded up $0.17 during trading hours on Tuesday, reaching $23.33. 1,898,088 shares of the company were exchanged, compared to its average volume of 897,195. The firm has a market cap of $25.96 billion, a price-to-earnings ratio of 116.66, a PEG ratio of 1.53 and a beta of 2.08. The stock has a 50 day simple moving average of $22.22 and a 200 day simple moving average of $19.77. Sportradar Group AG has a 52-week low of $9.30 and a 52-week high of $25.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. The business 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 business's quarterly revenue was up 17.0% on a year-over-year basis. As a group, analysts predict that Sportradar Group AG will post 0.15 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on SRAD shares. UBS Group increased their target price on Sportradar Group from $24.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. Citigroup increased their price target on shares of Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Morgan Stanley upped their price objective on shares of Sportradar Group from $22.00 to $23.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 16th. Guggenheim reaffirmed a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a report on Thursday, April 3rd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a research note on Monday. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Sportradar Group presently has an average rating of "Moderate Buy" and an average target price 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.