JPMorgan Chase & Co. Has $1.33 Million Stake in Sportradar Group AG (NASDAQ:SRAD)

JPMorgan Chase & Co. lifted its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 45.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,890 shares of the company's stock after buying an additional 24,106 shares during the period. JPMorgan Chase & Co.'s holdings in Sportradar Group were worth $1,333,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Zevenbergen Capital Investments LLC acquired a new position in Sportradar Group during the fourth quarter worth $3,964,000. LPL Financial LLC increased its position in shares of Sportradar Group by 3.7% during the 4th 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. Sei Investments Co. acquired a new stake in shares of Sportradar Group during the 4th quarter worth about $3,626,000. Quantbot Technologies LP lifted its holdings in Sportradar Group by 196.7% during the 4th quarter. Quantbot Technologies LP now owns 34,002 shares of the company's stock valued at $590,000 after purchasing an additional 22,542 shares during the last quarter. Finally, Sciencast Management LP acquired a new position in Sportradar Group in the fourth quarter valued at about $212,000.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Citigroup lifted their target price on shares of Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Morgan Stanley boosted their price objective on Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 16th. Bank of America upgraded Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 target price for the company in a research note on Tuesday, April 22nd. 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, April 16th. Finally, 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, April 2nd. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $27.00.

Sportradar Group Trading Up 1.6 %

SRAD traded up $0.36 during midday trading on Tuesday, reaching $22.86. 2,835,947 shares of the company were exchanged, compared to its average volume of 826,242. The stock has a market capitalization of $25.44 billion, a P/E ratio of 114.31, a PEG ratio of 1.53 and a beta of 2.10. Sportradar Group AG has a one year low of $9.17 and a one year high of $25.85. The stock's 50-day simple moving average is $21.82 and its 200 day simple moving average is $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 (NASDAQ:SRAD - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.04). The firm had revenue of $307.00 million for the quarter, compared to the consensus estimate of $294.60 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. As a group, analysts forecast that Sportradar Group AG will post 0.15 earnings per share for the current fiscal 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.