Sportradar Group AG (NASDAQ:SRAD) Holdings Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 45.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,890 shares of the company's stock after buying an additional 24,106 shares during the period. JPMorgan Chase & Co.'s holdings in Sportradar Group were worth $1,333,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in Sportradar Group in the fourth quarter worth $28,000. US Bancorp DE bought a new stake in Sportradar Group in the 4th quarter valued at about $39,000. R Squared Ltd acquired a new position in Sportradar Group during the 4th quarter valued at about $44,000. Thurston Springer Miller Herd & Titak Inc. grew its position in 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 during the last quarter. Finally, Barclays PLC increased 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 purchasing an additional 5,733 shares during the period.

Sportradar Group Trading Up 1.5 %

Shares of Sportradar Group stock traded up $0.35 during trading on Thursday, hitting $23.46. The stock had a trading volume of 636,858 shares, compared to its average volume of 833,894. The stock has a 50 day simple moving average of $21.86 and a 200 day simple moving average of $19.05. Sportradar Group AG has a 1 year low of $9.17 and a 1 year high of $25.85. 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 company has a market capitalization of $26.10 billion, a PE ratio of 117.13, a P/E/G ratio of 1.53 and a beta of 2.10.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.04). Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The firm had revenue of $307.00 million for the quarter, compared to analyst estimates of $294.60 million. On average, research analysts expect that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on SRAD. Benchmark increased their price objective on Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. JMP Securities reissued a "market outperform" rating and set a $19.00 price target on shares of Sportradar Group in a report on Monday, January 27th. BTIG Research started coverage on shares of Sportradar Group in a report on Friday, April 11th. They issued a "buy" rating and a $28.00 price objective for the company. UBS Group raised their target price on shares of Sportradar Group from $24.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, April 8th. Finally, Bank of America raised shares of Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price target for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently 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.