428,247 Shares in Sportradar Group AG (NASDAQ:SRAD) Acquired by Invesco Ltd.

Invesco Ltd. acquired a new position in Sportradar Group AG (NASDAQ:SRAD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 428,247 shares of the company's stock, valued at approximately $7,426,000.

A number of other large investors also recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in Sportradar Group in the 3rd quarter valued at about $479,000. Barclays PLC grew its stake in Sportradar Group by 3,098.9% during the third quarter. Barclays PLC now owns 5,918 shares of the company's stock worth $72,000 after buying an additional 5,733 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Sportradar Group by 120.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company's stock worth $639,000 after acquiring an additional 28,878 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Sportradar Group by 4.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 224,668 shares of the company's stock valued at $3,896,000 after purchasing an additional 8,551 shares during the last quarter. Finally, Moody National Bank Trust Division grew its position in Sportradar Group by 80.6% in the fourth quarter. Moody National Bank Trust Division now owns 136,926 shares of the company's stock valued at $2,374,000 after acquiring an additional 61,105 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Guggenheim reiterated a "buy" rating and set a $27.00 price target on shares of Sportradar Group in a report on Thursday, April 3rd. Jefferies Financial Group upped their target price on Sportradar Group from $23.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Citigroup lifted their target price on shares of Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. BTIG Research started coverage on Sportradar Group in a research note on Friday, April 11th. They issued a "buy" rating and a $28.00 price objective on the stock. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a report on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.

Sportradar Group Stock Performance

SRAD stock traded up $0.44 during midday trading on Tuesday, reaching $22.94. 1,579,883 shares of the company's stock traded hands, compared to its average volume of 821,455. The company has a 50-day moving average price of $21.82 and a two-hundred day moving average price of $18.99. 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 52 week low of $9.17 and a 52 week high of $25.85. The firm has a market capitalization of $25.53 billion, a PE ratio of 114.71, a price-to-earnings-growth ratio of 1.53 and a beta of 2.10.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $0.00 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.04). The company had revenue of $307.00 million during the quarter, compared to analysts' expectations of $294.60 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. As a group, equities analysts anticipate that Sportradar Group AG will post 0.15 EPS for the current year.

About Sportradar Group

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.