Sciencast Management LP Acquires New Holdings in Sportradar Group AG (NASDAQ:SRAD)

Sciencast Management LP 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 SEC. The firm bought 12,227 shares of the company's stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SRAD. SBI Securities Co. Ltd. acquired a new position in shares of Sportradar Group during the fourth quarter valued at approximately $28,000. US Bancorp DE acquired a new position in shares of Sportradar Group during the 4th quarter valued at $39,000. Point72 Hong Kong Ltd acquired a new stake in shares of Sportradar Group in the third quarter valued at $41,000. R Squared Ltd bought a new position in Sportradar Group during the fourth quarter valued at about $44,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Sportradar Group by 85.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company's stock valued at $48,000 after buying an additional 1,272 shares in the last quarter.

Sportradar Group Stock Up 0.3 %

Shares of SRAD traded up $0.07 during trading hours on Thursday, reaching $22.50. The company's stock had a trading volume of 761,492 shares, compared to its average volume of 616,053. 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 firm has a market cap of $25.01 billion, a price-to-earnings ratio of 112.51, a P/E/G ratio of 1.53 and a beta of 2.19. The company has a 50 day moving average of $21.21 and a two-hundred day moving average of $17.18. Sportradar Group AG has a 1-year low of $9.17 and a 1-year high of $23.49.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its earnings results 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 analyst estimates of $294.60 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. As a group, research analysts predict that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

SRAD has been the subject of a number of research analyst reports. Canaccord Genuity Group upped their price target on shares of Sportradar Group from $28.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Needham & Company LLC lifted their price target on shares of Sportradar Group from $18.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Citigroup raised their price objective on Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Guggenheim started coverage on Sportradar Group in a research report on Wednesday, February 26th. They set a "buy" rating and a $27.00 target price on the stock. Finally, Benchmark lifted their price target on Sportradar Group from $24.00 to $26.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. One 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.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.67.

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.