Arrowstreet Capital Limited Partnership Buys 454,826 Shares of Sportradar Group AG (NASDAQ:SRAD)

Arrowstreet Capital Limited Partnership raised its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 47.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,405,428 shares of the company's stock after buying an additional 454,826 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.13% of Sportradar Group worth $24,370,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SRAD. Loomis Sayles & Co. L P bought a new position in shares of Sportradar Group in the fourth quarter valued at approximately $43,000. JPMorgan Chase & Co. boosted its stake in Sportradar Group by 45.7% during the fourth quarter. JPMorgan Chase & Co. now owns 76,890 shares of the company's stock worth $1,333,000 after buying an additional 24,106 shares in the last quarter. Zevenbergen Capital Investments LLC bought a new stake in Sportradar Group in the 4th quarter valued at $3,964,000. LPL Financial LLC raised its position in Sportradar Group by 3.7% in the fourth quarter. LPL Financial LLC now owns 35,663 shares of the company's stock worth $618,000 after purchasing an additional 1,287 shares in the last quarter. Finally, Sei Investments Co. acquired a new stake in Sportradar Group in the 4th quarter valued at $3,626,000.

Sportradar Group Price Performance

Shares of SRAD traded down $0.87 during trading hours on Friday, hitting $20.32. 2,058,404 shares of the company were exchanged, compared to its average volume of 659,701. Sportradar Group AG has a fifty-two week low of $9.17 and a fifty-two week high of $23.60. The firm's fifty day moving average is $21.39 and its 200 day moving average is $17.67. 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 market cap of $22.61 billion, a price-to-earnings ratio of 101.61, a P/E/G ratio of 1.53 and a beta of 2.10.

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Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued its earnings results on Wednesday, March 19th. The company reported $0.00 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 business had revenue of $307.00 million for the quarter, compared to analyst estimates of $294.60 million. On average, equities analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on SRAD. Benchmark raised their price target on Sportradar Group from $24.00 to $26.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Morgan Stanley upped their price target on Sportradar Group from $21.00 to $22.00 and gave the company an "equal weight" rating in a research note on Wednesday. Canaccord Genuity Group lifted their price target on shares of Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Thursday. Needham & Company LLC restated a "buy" rating and issued a $27.00 price objective on shares of Sportradar Group in a research report on Wednesday. Finally, Citigroup lifted their price objective on Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, March 20th. One 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 company presently has an average rating of "Moderate Buy" and an average target price of $26.00.

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.