Trexquant Investment LP Raises Stake in Sportradar Group AG (NASDAQ:SRAD)

Trexquant Investment LP increased its holdings in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 39.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,877 shares of the company's stock after acquiring an additional 51,350 shares during the quarter. Trexquant Investment LP's holdings in Sportradar Group were worth $3,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Sei Investments Co. bought a new position in shares of Sportradar Group during the fourth quarter valued at approximately $3,626,000. JPMorgan Chase & Co. grew 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 worth $639,000 after buying an additional 28,878 shares during the last quarter. Jane Street Group LLC bought a new position in Sportradar Group during the 3rd quarter valued at approximately $479,000. Cornerstone Investment Partners LLC purchased a new position in Sportradar Group during the fourth quarter valued at $199,000. Finally, Moody National Bank Trust Division boosted its holdings in Sportradar Group by 80.6% in the fourth quarter. Moody National Bank Trust Division now owns 136,926 shares of the company's stock worth $2,374,000 after acquiring an additional 61,105 shares in the last quarter.

Sportradar Group Stock Performance

NASDAQ SRAD traded up $0.55 during trading hours on Friday, hitting $22.57. 1,937,296 shares of the company's stock traded hands, compared to its average volume of 695,841. Sportradar Group AG has a 52 week low of $9.17 and a 52 week high of $23.60. The firm has a market capitalization of $25.12 billion, a P/E ratio of 112.86, a P/E/G ratio of 1.53 and a beta of 2.10. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The business's fifty day moving average price is $21.50 and its two-hundred day moving average price is $18.09.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SRAD. Canaccord Genuity Group lifted their price target on Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. Needham & Company LLC reiterated a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a research note on Wednesday, April 2nd. Jefferies Financial Group raised their price target on shares of Sportradar Group from $23.00 to $27.00 and gave the company 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 upped their price target on Sportradar Group from $24.00 to $26.00 and gave the company a "buy" rating in a report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $26.45.

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.