State of Tennessee Department of Treasury Buys New Position in Sportradar Group AG (NASDAQ:SRAD)

State of Tennessee Department of Treasury acquired a new position in Sportradar Group AG (NASDAQ:SRAD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,996 shares of the company's stock, valued at approximately $295,000.

Several other large investors also recently made changes to their positions in SRAD. First Trust Advisors LP bought a new position in shares of Sportradar Group in the 4th quarter valued at about $300,000. 1492 Capital Management LLC acquired a new stake in Sportradar Group during the fourth quarter worth approximately $2,170,000. Gabelli Funds LLC increased its holdings in shares of Sportradar Group by 13.3% during the fourth quarter. Gabelli Funds LLC now owns 17,000 shares of the company's stock worth $295,000 after purchasing an additional 2,000 shares during the period. Jump Financial LLC bought a new position in Sportradar Group in the 4th quarter valued at about $638,000. Finally, XTX Topco Ltd boosted its stake in Sportradar Group by 5.8% in the fourth quarter. XTX Topco Ltd now owns 25,591 shares of the company's stock valued at $444,000 after buying an additional 1,414 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts recently commented on SRAD shares. Canaccord Genuity Group boosted their target price on Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. Benchmark upped their price target on shares of Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Guggenheim reissued a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a research note on Thursday, April 3rd. UBS Group increased their price objective on shares of Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, April 8th. Finally, 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. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

Sportradar Group Price Performance

NASDAQ:SRAD traded up $0.14 during mid-day trading on Wednesday, hitting $23.27. The company's stock had a trading volume of 1,064,203 shares, compared to its average volume of 860,823. Sportradar Group AG has a fifty-two week low of $9.17 and a fifty-two week high of $25.85. 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 stock has a fifty day moving average of $22.09 and a 200-day moving average of $19.42. The company has a market capitalization of $25.89 billion, a price-to-earnings ratio of 116.36, a P/E/G ratio of 1.53 and a beta of 2.08.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $0.00 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 business had revenue of $307.00 million for the quarter, compared to analyst estimates of $294.60 million. As a group, equities analysts forecast that Sportradar Group AG will post 0.15 EPS for the current fiscal 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.