Unisphere Establishment Purchases New Shares in Sportradar Group AG (NASDAQ:SRAD)

Unisphere Establishment bought a new position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,975,525 shares of the company's stock, valued at approximately $51,596,000. Unisphere Establishment owned approximately 0.27% of Sportradar Group as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SRAD. Greenhouse Funds LLLP boosted its holdings in Sportradar Group by 2.0% in the fourth quarter. Greenhouse Funds LLLP now owns 9,853,973 shares of the company's stock worth $170,868,000 after purchasing an additional 193,962 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Sportradar Group by 47.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company's stock valued at $24,370,000 after buying an additional 454,826 shares during the period. Sellaronda Global Management LP bought a new stake in Sportradar Group during the fourth quarter worth approximately $14,739,000. Penn Capital Management Company LLC acquired a new stake in shares of Sportradar Group in the fourth quarter valued at $14,029,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Sportradar Group in the 4th quarter worth approximately $12,887,000.

Analyst Upgrades and Downgrades

Several brokerages have commented on SRAD. Guggenheim reiterated a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a report on Thursday, April 3rd. JPMorgan Chase & Co. boosted their price target on Sportradar Group from $26.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. UBS Group raised their target price on Sportradar Group from $24.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. Jefferies Financial Group boosted their price objective on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Finally, Benchmark increased their target price on Sportradar Group from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

Sportradar Group Price Performance

Shares of Sportradar Group stock traded up $0.19 during midday trading on Monday, hitting $23.89. 918,813 shares of the company were exchanged, compared to its average volume of 1,445,451. The firm has a 50 day simple moving average of $21.97 and a 200-day simple moving average of $19.29. Sportradar Group AG has a 52 week low of $9.17 and a 52 week high of $25.85. The firm has a market cap of $26.59 billion, a P/E ratio of 119.47, a PEG ratio of 1.53 and a beta of 2.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53.

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). The company had revenue of $307.00 million for the quarter, compared to the consensus estimate of $294.60 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. Research analysts forecast that Sportradar Group AG will post 0.15 earnings per share for the current 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.