125,160 Shares in Sportradar Group AG (NASDAQ:SRAD) Acquired by 1492 Capital Management LLC

1492 Capital Management LLC acquired a new position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 125,160 shares of the company's stock, valued at approximately $2,170,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sellaronda Global Management LP bought a new position in Sportradar Group during the 4th quarter valued at about $14,739,000. New York State Common Retirement Fund bought a new position in shares of Sportradar Group in the fourth quarter valued at approximately $12,887,000. Cambiar Investors LLC acquired a new position in shares of Sportradar Group in the 4th quarter worth approximately $10,837,000. Nixon Capital LLC acquired a new position in shares of Sportradar Group in the 4th quarter worth approximately $8,319,000. Finally, Arrowstreet Capital Limited Partnership grew its position 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 worth $24,370,000 after acquiring an additional 454,826 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Citigroup lifted their price objective on Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Benchmark upped their price target on shares of Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday. Guggenheim restated a "buy" rating and issued a $27.00 price objective on shares of Sportradar Group in a research report on Thursday, April 3rd. Jefferies Financial Group upped their target price on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Finally, Morgan Stanley raised their price target on shares of Sportradar Group from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $26.91.

Sportradar Group Trading Up 0.4 %

Shares of NASDAQ SRAD opened at $23.96 on Friday. The company's 50 day simple moving average is $21.61 and its 200 day simple moving average is $18.28. 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 AG has a fifty-two week low of $9.17 and a fifty-two week high of $24.15. The firm has a market capitalization of $26.66 billion, a P/E ratio of 119.81, a P/E/G ratio of 1.53 and a beta of 2.10.

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 (EPS) 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 during the quarter, compared to the consensus estimate of $294.60 million. On average, analysts predict that Sportradar Group AG will post 0.15 EPS for the current 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.

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