Roubaix Capital LLC raised its holdings in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 47.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 356,795 shares of the company's stock after purchasing an additional 114,238 shares during the period. Sportradar Group accounts for approximately 2.8% of Roubaix Capital LLC's investment portfolio, making the stock its 14th biggest holding. Roubaix Capital LLC's holdings in Sportradar Group were worth $3,943,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in SRAD. Mendota Financial Group LLC acquired a new position in shares of Sportradar Group during the fourth quarter worth $138,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Sportradar Group by 4,538.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,002 shares of the company's stock worth $160,000 after purchasing an additional 15,657 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of Sportradar Group during the third quarter worth $198,000. Jump Financial LLC acquired a new position in shares of Sportradar Group during the fourth quarter worth $302,000. Finally, Trexquant Investment LP increased its position in shares of Sportradar Group by 46.4% during the third quarter. Trexquant Investment LP now owns 30,395 shares of the company's stock worth $304,000 after purchasing an additional 9,640 shares in the last quarter.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Sportradar Group from $12.00 to $13.00 and gave the company an "overweight" rating in a research report on Thursday, March 21st. Jefferies Financial Group cut their target price on Sportradar Group from $13.00 to $11.00 and set a "hold" rating on the stock in a research report on Tuesday, April 16th. Canaccord Genuity Group reissued a "buy" rating and issued a $16.00 target price on shares of Sportradar Group in a research report on Thursday, March 21st. Citigroup upped their target price on Sportradar Group from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, March 22nd. Finally, Morgan Stanley upped their target price on Sportradar Group from $11.00 to $11.50 and gave the company an "equal weight" rating in a research report on Tuesday, April 9th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Sportradar Group currently has an average rating of "Moderate Buy" and a consensus target price of $13.67.
View Our Latest Research Report on Sportradar Group
Sportradar Group Stock Performance
SRAD traded down $0.15 during midday trading on Friday, hitting $9.26. 392,755 shares of the company were exchanged, compared to its average volume of 354,482. The company's 50 day simple moving average is $10.34 and its 200 day simple moving average is $10.32. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 77.17 and a beta of 2.02. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.05. Sportradar Group AG has a 1-year low of $8.08 and a 1-year high of $15.56.
Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its earnings results on Wednesday, March 20th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. Sportradar Group had a net margin of 4.27% and a return on equity of 4.54%. The business had revenue of $271.98 million for the quarter, compared to analyst estimates of $267.36 million. As a group, sell-side analysts predict that Sportradar Group AG will post 0.3 earnings per share for the current year.
Sportradar Group Company Profile
(
Free Report)
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.
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