Renaissance Technologies LLC Buys 169,010 Shares of Sportradar Group AG (NASDAQ:SRAD)

Renaissance Technologies LLC grew its stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 79.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 382,310 shares of the company's stock after buying an additional 169,010 shares during the quarter. Renaissance Technologies LLC's holdings in Sportradar Group were worth $6,629,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. acquired a new position in shares of Sportradar Group in the fourth quarter worth about $3,626,000. JPMorgan Chase & Co. raised its stake in shares of Sportradar Group by 120.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company's stock valued at $639,000 after acquiring an additional 28,878 shares in the last quarter. Jane Street Group LLC bought a new stake in Sportradar Group during the third quarter valued at about $479,000. Cornerstone Investment Partners LLC bought a new stake in shares of Sportradar Group in the fourth quarter valued at approximately $199,000. Finally, Moody National Bank Trust Division boosted its holdings in Sportradar Group by 80.6% in the 4th quarter. Moody National Bank Trust Division now owns 136,926 shares of the company's stock valued at $2,374,000 after purchasing an additional 61,105 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SRAD shares. JMP Securities reaffirmed a "market outperform" rating and issued a $19.00 target price on shares of Sportradar Group in a research report on Monday, January 27th. Bank of America raised shares of Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price objective for the company in a report on Tuesday. Guggenheim restated a "buy" rating and set a $27.00 price target on shares of Sportradar Group in a research report on Thursday, April 3rd. Benchmark increased 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. Finally, BTIG Research started coverage on Sportradar Group in a research report on Friday, April 11th. They issued a "buy" rating and a $28.00 price objective on the stock. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $27.00.

Sportradar Group Stock Down 3.2 %

Shares of NASDAQ:SRAD traded down $0.74 during mid-day trading on Thursday, reaching $22.38. 6,186,730 shares of the stock were exchanged, compared to its average volume of 770,452. The company has a market cap of $24.91 billion, a P/E ratio of 112.16, a P/E/G ratio of 1.53 and a beta of 2.10. The stock's 50 day simple moving average is $21.82 and its 200-day simple moving average is $18.68. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a one year low of $9.17 and a one year high of $25.85.

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

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.