63,439 Shares in Sportradar Group AG (NASDAQ:SRAD) Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. purchased a new stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 63,439 shares of the company's stock, valued at approximately $1,100,000.

Several other hedge funds also recently modified their holdings of SRAD. Envestnet Asset Management Inc. bought a new stake in shares of Sportradar Group in the 4th quarter worth approximately $518,000. ExodusPoint Capital Management LP grew its position in Sportradar Group by 10.4% in the fourth quarter. ExodusPoint Capital Management LP now owns 112,999 shares of the company's stock worth $1,959,000 after buying an additional 10,673 shares during the last quarter. Huntington National Bank increased its holdings in shares of Sportradar Group by 143.3% in the fourth quarter. Huntington National Bank now owns 2,613 shares of the company's stock valued at $45,000 after buying an additional 1,539 shares in the last quarter. Trexquant Investment LP lifted its position in shares of Sportradar Group by 39.0% during the 4th quarter. Trexquant Investment LP now owns 182,877 shares of the company's stock valued at $3,171,000 after acquiring an additional 51,350 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Sportradar Group by 11.3% during the 4th quarter. Geode Capital Management LLC now owns 138,661 shares of the company's stock worth $2,404,000 after acquiring an additional 14,037 shares in the last quarter.

Sportradar Group Stock Up 1.5 %

Shares of SRAD stock traded up $0.33 on Friday, hitting $22.45. The company's stock had a trading volume of 4,141,025 shares, compared to its average volume of 807,762. 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 stock has a market capitalization of $24.98 billion, a price-to-earnings ratio of 112.26, a P/E/G ratio of 1.53 and a beta of 2.10. Sportradar Group AG has a fifty-two week low of $9.17 and a fifty-two week high of $25.85. The firm's fifty day moving average price is $21.82 and its 200-day moving average price is $18.82.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its quarterly earnings results 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). Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The company had revenue of $307.00 million for the quarter, compared to the consensus estimate of $294.60 million. Research analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current year.

Analysts Set New Price Targets

SRAD has been the subject of several analyst reports. Morgan Stanley upped their target price on Sportradar Group from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday, April 16th. UBS Group upped their price objective on shares of Sportradar Group from $24.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lifted their target price on shares of Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. 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 research note on Tuesday. Finally, Benchmark boosted their price objective on shares of Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Sportradar Group has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.

Sportradar Group Company 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.