Lazard Asset Management LLC Raises Holdings in Sportradar Group AG (NASDAQ:SRAD)

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

A number of other hedge funds also recently made changes to their positions in the company. Unisphere Establishment bought a new stake in Sportradar Group during the fourth quarter valued at $51,596,000. Granahan Investment Management LLC increased its stake in Sportradar Group by 86.2% during the fourth quarter. Granahan Investment Management LLC now owns 2,008,977 shares of the company's stock valued at $34,836,000 after purchasing an additional 930,310 shares during the last quarter. Sellaronda Global Management LP bought a new stake in Sportradar Group during the fourth quarter valued at $14,739,000. Penn Capital Management Company LLC bought a new stake in Sportradar Group during the fourth quarter valued at $14,029,000. Finally, New York State Common Retirement Fund bought a new stake in Sportradar Group during the fourth quarter valued at $12,887,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SRAD shares. Jefferies Financial Group boosted their price target on shares of Sportradar Group from $23.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, March 20th. 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 upped their price objective on shares of Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. Morgan Stanley upped their price objective on shares of Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 16th. Finally, Citigroup upped their price objective on shares of Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Sportradar Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

Sportradar Group Trading Down 0.7%

Shares of Sportradar Group stock traded down $0.17 on Tuesday, hitting $23.72. 1,541,150 shares of the company's stock traded hands, compared to its average volume of 914,240. The company has a fifty day moving average of $22.51 and a two-hundred day moving average of $20.13. The company has a market capitalization of $26.39 billion, a price-to-earnings ratio of 118.61, a price-to-earnings-growth ratio of 1.53 and a beta of 2.08. 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 AG has a one year low of $9.94 and a one year high of $25.85.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The firm had revenue of $336.71 million during the quarter, compared to analysts' expectations of $318.81 million. Sportradar Group's revenue was up 17.0% compared to the same quarter last year. As a group, sell-side 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.