Hood River Capital Management LLC Purchases New Position in Sportradar Group AG (NASDAQ:SRAD)

Hood River Capital Management LLC bought a new stake in shares of 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 firm bought 418,060 shares of the company's stock, valued at approximately $7,249,000.

Several other institutional investors also recently bought and sold shares of the stock. National Bank of Canada FI lifted 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 during the last quarter. SBI Securities Co. Ltd. acquired a new position in Sportradar Group during the fourth quarter worth $28,000. US Bancorp DE bought a new stake in shares of Sportradar Group during the fourth quarter worth $39,000. Loomis Sayles & Co. L P bought a new position in Sportradar Group in the fourth quarter valued at about $43,000. Finally, R Squared Ltd bought a new position in Sportradar Group in the fourth quarter valued at about $44,000.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group raised their price target on Sportradar Group from $24.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. JMP Securities restated a "market outperform" rating and set a $19.00 target price on shares of Sportradar Group in a report on Monday, January 27th. Bank of America upgraded Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 target price on the stock in a report on Tuesday, April 22nd. Morgan Stanley raised their target price on Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. raised their target price on Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

Sportradar Group Stock Up 2.2 %

Shares of SRAD stock traded up $0.49 during trading hours on Tuesday, hitting $22.99. 1,013,074 shares of the company were exchanged, compared to its average volume of 819,476. The business has a 50 day moving average of $21.82 and a two-hundred day moving average of $18.99. The company has a current ratio of 1.53, a quick 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 market capitalization of $25.59 billion, a PE ratio of 114.88, a PEG ratio of 1.53 and a beta of 2.10.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its quarterly earnings data 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 return on equity of 6.69% and a net margin of 5.61%. The firm had revenue of $307.00 million for the quarter, compared to analyst estimates of $294.60 million. Analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

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.