16,996 Shares in Sportradar Group AG (NASDAQ:SRAD) Purchased by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury bought 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 bought 16,996 shares of the company's stock, valued at approximately $295,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. National Bank of Canada FI lifted its position in Sportradar Group by 1,366.4% during the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock valued at $27,000 after purchasing an additional 1,462 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Sportradar Group during the 4th quarter valued at $28,000. US Bancorp DE purchased a new position in shares of Sportradar Group in the 4th quarter worth $39,000. Loomis Sayles & Co. L P bought a new stake in shares of Sportradar Group in the fourth quarter worth $43,000. Finally, R Squared Ltd purchased a new stake in Sportradar Group during the fourth quarter valued at $44,000.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SRAD. Citigroup raised their target price on Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. raised their price objective on shares of Sportradar Group from $26.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Guggenheim reaffirmed a "buy" rating and set a $27.00 target price on shares of Sportradar Group in a report on Thursday, April 3rd. Needham & Company LLC reiterated a "buy" rating and set a $27.00 price target on shares of Sportradar Group in a research note on Wednesday, April 2nd. Finally, JMP Securities restated a "market outperform" rating and issued a $19.00 price objective on shares of Sportradar Group in a research note on Monday, January 27th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Sportradar Group has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

Sportradar Group Price Performance

Shares of Sportradar Group stock traded up $0.38 during trading hours on Friday, hitting $22.93. The company's stock had a trading volume of 2,121,407 shares, compared to its average volume of 878,173. The company has a market cap of $25.52 billion, a PE ratio of 114.66, 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. The business has a 50 day moving average price of $22.13 and a two-hundred day moving average price of $19.61. Sportradar Group AG has a 12-month low of $9.26 and a 12-month 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 business had revenue of $307.00 million during the quarter, compared to the consensus estimate of $294.60 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. Analysts expect that Sportradar Group AG will post 0.15 earnings per share 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.