Sportradar Group AG (NASDAQ:SRAD) is Greenhouse Funds LLLP's Largest Position

Greenhouse Funds LLLP grew its stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,853,973 shares of the company's stock after purchasing an additional 193,962 shares during the period. Sportradar Group makes up 7.1% of Greenhouse Funds LLLP's investment portfolio, making the stock its biggest holding. Greenhouse Funds LLLP owned about 0.89% of Sportradar Group worth $170,868,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Sei Investments Co. purchased a new position in shares of Sportradar Group during the fourth quarter valued at approximately $3,626,000. JPMorgan Chase & Co. boosted its holdings in Sportradar Group by 120.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company's stock worth $639,000 after acquiring an additional 28,878 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Sportradar Group in the 3rd quarter worth $479,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Sportradar Group in the fourth quarter valued at about $199,000. Finally, Moody National Bank Trust Division lifted its position in shares of Sportradar Group by 80.6% during the fourth quarter. Moody National Bank Trust Division now owns 136,926 shares of the company's stock valued at $2,374,000 after purchasing an additional 61,105 shares in the last quarter.

Analyst Ratings Changes

Several research firms have commented on SRAD. Morgan Stanley increased 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 note on Wednesday, April 16th. Needham & Company LLC reaffirmed a "buy" rating and set a $27.00 price target on shares of Sportradar Group in a research report on Wednesday, April 2nd. UBS Group boosted their price objective on Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, April 8th. BTIG Research began coverage on Sportradar Group in a research note on Friday, April 11th. They issued a "buy" rating and a $28.00 price objective for the company. Finally, Benchmark lifted their target price on Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Sportradar Group has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

Sportradar Group Stock Performance

Shares of NASDAQ:SRAD traded up $0.33 during midday trading on Friday, reaching $22.45. 4,141,025 shares of the company traded hands, compared to its average volume of 810,046. Sportradar Group AG has a 12 month low of $9.17 and a 12 month high of $25.85. The firm's fifty day moving average price is $21.82 and its two-hundred day moving average price is $18.87. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $24.98 billion, a price-to-earnings ratio of 112.26, a price-to-earnings-growth ratio of 1.53 and a beta of 2.10.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.04). The firm had revenue of $307.00 million during the quarter, compared to analysts' expectations of $294.60 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. On average, equities analysts expect that Sportradar Group AG will post 0.15 earnings per share for the current year.

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.