Jump Financial LLC Acquires Shares of 36,806 Sportradar Group AG (NASDAQ:SRAD)

Jump Financial LLC bought a new position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,806 shares of the company's stock, valued at approximately $638,000.

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

Sportradar Group Stock Performance

NASDAQ SRAD opened at $25.04 on Wednesday. The business has a 50 day moving average price of $21.80 and a 200 day moving average price of $18.65. The company has a market capitalization of $27.86 billion, a P/E ratio of 125.21, a PEG ratio of 1.53 and a beta of 2.10. Sportradar Group AG has a 1-year low of $9.17 and a 1-year high of $25.85. 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 (NASDAQ:SRAD - Get Free Report) last announced its quarterly 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 net margin of 5.61% and a return on equity of 6.69%. The firm had revenue of $307.00 million during the quarter, compared to analysts' expectations of $294.60 million. Sell-side analysts expect that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Analyst Ratings Changes

SRAD has been the topic of several recent research reports. JMP Securities restated a "market outperform" rating and issued a $19.00 price target on shares of Sportradar Group in a research report on Monday, January 27th. Citigroup boosted their price objective 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 raised their target price on shares of Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 16th. Needham & Company LLC reaffirmed a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a report on Wednesday, April 2nd. Finally, Jefferies Financial Group raised their price objective on shares of Sportradar Group from $23.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Sportradar Group has an average rating of "Moderate Buy" and a consensus price target of $27.00.

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.

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