Portolan Capital Management LLC Reduces Stake in Sportradar Group AG (NASDAQ:SRAD)

Portolan Capital Management LLC lowered its position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 28.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 715,424 shares of the company's stock after selling 280,529 shares during the period. Portolan Capital Management LLC owned 0.06% of Sportradar Group worth $12,405,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. National Bank of Canada FI grew its holdings in shares of Sportradar Group by 1,366.4% during the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock worth $27,000 after purchasing an additional 1,462 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Sportradar Group during the fourth quarter valued at approximately $28,000. US Bancorp DE purchased a new position in Sportradar Group in the 4th quarter worth approximately $39,000. Loomis Sayles & Co. L P bought a new position in shares of Sportradar Group in the 4th quarter worth $43,000. Finally, R Squared Ltd bought a new stake in shares of Sportradar Group during the 4th quarter worth $44,000.

Sportradar Group Stock Up 0.4 %

Sportradar Group stock traded up $0.10 during trading hours on Friday, hitting $23.96. The stock had a trading volume of 791,005 shares, compared to its average volume of 710,889. The stock's 50-day moving average price is $21.66 and its 200-day moving average price is $18.36. Sportradar Group AG has a 12-month low of $9.17 and a 12-month high of $24.15. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $26.66 billion, a P/E ratio of 119.81, a price-to-earnings-growth ratio of 1.53 and a beta of 2.10.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.04). The business had revenue of $307.00 million during the quarter, compared to the consensus estimate of $294.60 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. Equities research analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on SRAD. Canaccord Genuity Group raised their price target on Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. Morgan Stanley raised their price target on Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Wednesday. BTIG Research began coverage on shares of Sportradar Group in a report on Friday, April 11th. They issued a "buy" rating and a $28.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on Sportradar Group from $26.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Finally, Guggenheim reiterated a "buy" rating and set a $27.00 price target on shares of Sportradar Group in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.91.

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.