Janus Henderson Group PLC Decreases Holdings in Sportradar Group AG (NASDAQ:SRAD)

Janus Henderson Group PLC decreased its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,021,211 shares of the company's stock after selling 561,317 shares during the period. Janus Henderson Group PLC owned 0.27% of Sportradar Group worth $52,388,000 at the end of the most recent reporting period.

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

Sportradar Group Trading Up 1.7%

Shares of NASDAQ SRAD traded up $0.40 during midday trading on Friday, reaching $23.98. 2,392,028 shares of the stock were exchanged, compared to its average volume of 907,500. The company has a 50 day simple moving average of $22.44 and a 200 day simple moving average of $19.95. The stock has a market capitalization of $26.68 billion, a P/E ratio of 119.91, a PEG ratio of 1.53 and a beta of 2.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. Sportradar Group AG has a twelve month low of $9.94 and a twelve month high of $25.85.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The business had revenue of $336.71 million during the quarter, compared to the consensus estimate of $318.81 million. The business's quarterly revenue was up 17.0% compared to the same quarter last year. As a group, equities analysts expect that Sportradar Group AG will post 0.15 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on SRAD shares. Jefferies Financial Group upped their price objective on Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. JMP Securities restated a "market outperform" rating and issued a $19.00 target price on shares of Sportradar Group in a report on Monday, January 27th. BTIG Research started coverage on Sportradar Group in a research report on Friday, April 11th. They issued a "buy" rating and a $28.00 target price for the company. Canaccord Genuity Group lifted their price objective on Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. Finally, Needham & Company LLC restated a "buy" rating and set a $27.00 price target on shares of Sportradar Group in a report on Monday, May 12th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $27.00.

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.