Hood River Capital Management LLC Makes New $7.25 Million Investment in Sportradar Group AG (NASDAQ:SRAD)

Hood River Capital Management LLC purchased a new stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 418,060 shares of the company's stock, valued at approximately $7,249,000.

Several other institutional investors have also recently bought and sold shares of SRAD. National Bank of Canada FI increased its stake in shares of Sportradar Group by 1,366.4% in the 4th quarter. National Bank of Canada FI now owns 1,569 shares of the company's stock valued at $27,000 after buying an additional 1,462 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Sportradar Group in the fourth quarter worth about $28,000. US Bancorp DE bought a new stake in Sportradar Group during the 4th quarter worth about $39,000. Loomis Sayles & Co. L P acquired a new position in Sportradar Group during the 4th quarter valued at about $43,000. Finally, R Squared Ltd bought a new position in shares of Sportradar Group in the 4th quarter valued at about $44,000.

Sportradar Group Stock Performance

Shares of SRAD opened at $23.11 on Thursday. The firm's 50 day moving average price is $21.82 and its two-hundred day moving average price is $18.68. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. Sportradar Group AG has a twelve month low of $9.17 and a twelve month high of $25.85. The firm has a market cap of $25.72 billion, a P/E ratio of 115.56, a PEG ratio of 1.53 and a beta of 2.10.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last announced its earnings results 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). 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 analyst estimates of $294.60 million. On average, analysts forecast that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SRAD. Guggenheim reissued a "buy" rating and set a $27.00 price target on shares of Sportradar Group in a research note on Thursday, April 3rd. Citigroup upped their target price on shares of Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Morgan Stanley raised their price target on Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 16th. Jefferies Financial Group upped their price objective on Sportradar Group from $23.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Finally, UBS Group raised their target price on Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

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.

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