Lazard Asset Management LLC Acquires 113,011 Shares of Sportradar Group AG (NASDAQ:SRAD)

Lazard Asset Management LLC grew its stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 152.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 187,028 shares of the company's stock after buying an additional 113,011 shares during the quarter. Lazard Asset Management LLC's holdings in Sportradar Group were worth $3,243,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SRAD. National Bank of Canada FI raised its position in shares of Sportradar Group by 1,366.4% during the 4th 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 in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Sportradar Group during the 4th quarter worth about $28,000. US Bancorp DE bought a new stake in shares of Sportradar Group during the 4th quarter worth about $39,000. Loomis Sayles & Co. L P acquired a new position in shares of Sportradar Group in the 4th quarter worth approximately $43,000. Finally, R Squared Ltd acquired a new position in shares of Sportradar Group in the 4th quarter worth approximately $44,000.

Sportradar Group Stock Up 0.9%

Shares of SRAD stock traded up $0.22 during trading on Thursday, hitting $23.53. 465,883 shares of the company were exchanged, compared to its average volume of 918,643. 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 firm has a market capitalization of $26.18 billion, a price-to-earnings ratio of 117.67, a P/E/G ratio of 1.53 and a beta of 2.08. The business's 50-day simple moving average is $22.66 and its 200 day simple moving average is $20.18. Sportradar Group AG has a twelve month low of $9.94 and a twelve month high of $25.85.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The business had revenue of $336.71 million during the quarter, compared to analysts' expectations of $318.81 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. Sportradar Group's quarterly revenue was up 17.0% on a year-over-year basis. As a group, analysts forecast that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SRAD has been the topic of several recent research reports. BTIG Research initiated coverage on shares of Sportradar Group in a research note on Friday, April 11th. They issued a "buy" rating and a $28.00 price objective on the stock. Canaccord Genuity Group lifted their price objective on shares of Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd. UBS Group lifted their price objective on shares of Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, April 8th. Jefferies Financial Group lifted their price objective on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

Sportradar Group 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.