Commonwealth of Pennsylvania Public School Empls Retrmt SYS Makes New Investment in Sportradar Group AG (NASDAQ:SRAD)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 114,200 shares of the company's stock, valued at approximately $1,980,000.

A number of other large investors also recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd bought a new stake in shares of Sportradar Group during the third quarter valued at approximately $406,000. Quantbot Technologies LP bought a new stake in Sportradar Group in the 3rd quarter valued at $139,000. Millrace Asset Group Inc. bought a new position in shares of Sportradar Group during the 3rd quarter valued at about $1,278,000. Walleye Capital LLC purchased a new position in shares of Sportradar Group during the third quarter valued at about $651,000. Finally, Walleye Trading LLC bought a new stake in Sportradar Group in the third quarter worth $157,000.

Analysts Set New Price Targets

SRAD has been the subject of a number of recent research reports. Benchmark lifted their target price on Sportradar Group from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. upped their price target on shares of Sportradar Group from $20.00 to $26.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Needham & Company LLC lifted their price objective on shares of Sportradar Group from $18.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Canaccord Genuity Group upped their target price on shares of Sportradar Group from $28.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Finally, Citigroup raised their target price on shares of Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.67.

Sportradar Group Stock Down 2.3 %

Sportradar Group stock traded down $0.52 during mid-day trading on Friday, reaching $21.98. 982,875 shares of the company were exchanged, compared to its average volume of 621,996. 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 firm has a market cap of $24.43 billion, a P/E ratio of 109.91, a PEG ratio of 1.53 and a beta of 2.19. The business has a fifty day moving average of $21.30 and a 200 day moving average of $17.29. Sportradar Group AG has a 12-month low of $9.17 and a 12-month high of $23.49.

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 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 anticipate 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.