Susquehanna Fundamental Investments LLC Invests $192,000 in Sportradar Group AG (NASDAQ:SRAD)

Susquehanna Fundamental Investments LLC bought a new stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,050 shares of the company's stock, valued at approximately $192,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SRAD. Oberweis Asset Management Inc. purchased a new position in Sportradar Group in the 4th quarter valued at $12,639,000. Penn Capital Management Company LLC acquired a new stake in shares of Sportradar Group in the 4th quarter worth $14,029,000. Hood River Capital Management LLC purchased a new stake in shares of Sportradar Group in the fourth quarter valued at about $7,249,000. Greenhouse Funds LLLP increased its stake in shares of Sportradar Group by 2.0% during the fourth quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company's stock worth $170,868,000 after acquiring an additional 193,962 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in Sportradar Group by 13.2% during the fourth quarter. Hsbc Holdings PLC now owns 21,438 shares of the company's stock worth $373,000 after purchasing an additional 2,495 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Morgan Stanley lifted their price objective on Sportradar Group from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday, April 16th. JMP Securities reaffirmed a "market outperform" rating and set a $19.00 price objective on shares of Sportradar Group in a report on Monday, January 27th. Canaccord Genuity Group increased their price objective on Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. Bank of America upgraded shares of Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 target price on the stock in a research report on Tuesday, April 22nd. Finally, UBS Group increased their price target on shares of Sportradar Group from $24.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, Sportradar Group presently has an average rating of "Moderate Buy" and a consensus price target of $27.00.

Sportradar Group Price Performance

Shares of SRAD traded up $0.38 during mid-day trading on Friday, reaching $22.93. 2,121,407 shares of the company's stock were exchanged, compared to its average volume of 878,173. Sportradar Group AG has a 52-week low of $9.26 and a 52-week high of $25.85. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a 50-day simple moving average of $22.13 and a two-hundred day simple moving average of $19.61. The company has a market cap of $25.52 billion, a price-to-earnings ratio of 114.66, a PEG ratio of 1.53 and a beta of 2.08.

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 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 analysts' expectations of $294.60 million. On average, sell-side analysts predict that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

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.