Occudo Quantitative Strategies LP Acquires New Shares in Sportradar Group AG (NASDAQ:SRAD)

Occudo Quantitative Strategies LP purchased a new position in Sportradar Group AG (NASDAQ:SRAD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 50,626 shares of the company's stock, valued at approximately $878,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI grew its stake in shares of Sportradar Group by 1,366.4% in 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 during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Sportradar Group during the 4th quarter valued at $28,000. US Bancorp DE purchased a new stake in Sportradar Group during the 4th quarter valued at $39,000. Loomis Sayles & Co. L P purchased a new stake in Sportradar Group during the 4th quarter valued at $43,000. Finally, R Squared Ltd purchased a new stake in Sportradar Group during the 4th quarter valued at $44,000.

Sportradar Group Stock Performance

SRAD stock traded up $0.40 during midday trading on Friday, reaching $23.98. The stock had a trading volume of 2,392,028 shares, compared to its average volume of 907,500. The stock has a market cap of $26.68 billion, a PE ratio of 119.91, a P/E/G ratio of 1.53 and a beta of 2.08. 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 fifty day simple moving average of $22.44 and a two-hundred day simple moving average of $19.95. Sportradar Group AG has a 52-week low of $9.94 and a 52-week high of $25.85.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its earnings results 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. The company had revenue of $336.71 million during the quarter, compared to analyst estimates of $318.81 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The business's revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Benchmark increased their target price on Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Citigroup raised their price target on Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. BTIG Research initiated coverage on Sportradar Group in a research note on Friday, April 11th. They issued a "buy" rating and a $28.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Finally, Bank of America raised 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. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.