Occudo Quantitative Strategies LP Makes New $878,000 Investment in Sportradar Group AG (NASDAQ:SRAD)

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

Several other hedge funds have also recently modified their holdings of the stock. Sei Investments Co. bought a new stake in Sportradar Group in the 4th quarter valued at $3,626,000. JPMorgan Chase & Co. increased its holdings in shares of Sportradar Group by 120.8% in the third quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company's stock worth $639,000 after purchasing an additional 28,878 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new stake in shares of Sportradar Group in the fourth quarter worth about $199,000. Renaissance Technologies LLC boosted its stake in Sportradar Group by 79.2% during the fourth quarter. Renaissance Technologies LLC now owns 382,310 shares of the company's stock valued at $6,629,000 after buying an additional 169,010 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new position in Sportradar Group during the 4th quarter valued at approximately $406,000.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SRAD. Canaccord Genuity Group upped their price target on shares of Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Citigroup upped their target price on shares of Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Jefferies Financial Group lifted their price target on Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. upped their price objective on Sportradar Group from $26.00 to $27.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Finally, Benchmark lifted their target price on Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Sportradar Group currently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

Sportradar Group Price Performance

NASDAQ SRAD traded down $0.24 on Monday, hitting $23.74. The company had a trading volume of 648,867 shares, compared to its average volume of 908,061. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The company's fifty day moving average price is $22.44 and its 200-day moving average price is $20.05. The company has a market capitalization of $26.41 billion, a PE ratio of 118.61, a PEG ratio of 1.53 and a beta of 2.08. Sportradar Group AG has a 12-month low of $9.94 and a 12-month 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 EPS for the quarter, topping the consensus estimate 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%. Sportradar Group's revenue for the quarter was up 17.0% on a year-over-year basis. As a group, analysts predict that Sportradar Group AG will post 0.15 earnings per share for the current year.

About Sportradar Group

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.