Nixon Capital LLC bought a new stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 479,738 shares of the company's stock, valued at approximately $8,319,000. Sportradar Group accounts for approximately 2.7% of Nixon Capital LLC's portfolio, making the stock its 20th biggest holding.
Other large investors also recently modified their holdings of the company. Verition Fund Management LLC bought a new position in Sportradar Group in the third quarter valued at approximately $406,000. Centiva Capital LP increased its stake in shares of Sportradar Group by 66.1% in the 3rd quarter. Centiva Capital LP now owns 38,172 shares of the company's stock valued at $462,000 after purchasing an additional 15,187 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Sportradar Group by 1,340.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 96,500 shares of the company's stock worth $1,169,000 after buying an additional 89,800 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Sportradar Group during the 3rd quarter worth $479,000. Finally, XTX Topco Ltd acquired a new stake in Sportradar Group in the third quarter valued at about $293,000.
Sportradar Group Trading Up 2.5 %
Shares of SRAD traded up $0.55 during mid-day trading on Friday, reaching $22.57. 1,937,296 shares of the company were exchanged, compared to its average volume of 695,841. The business has a 50 day simple moving average of $21.50 and a two-hundred day simple moving average of $18.09. Sportradar Group AG has a 52 week low of $9.17 and a 52 week high of $23.60. The stock has a market capitalization of $25.12 billion, a PE ratio of 112.86, a PEG ratio of 1.53 and a beta of 2.10. 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 issued its quarterly earnings results on Wednesday, March 19th. The company reported $0.00 earnings per share (EPS) 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 firm had revenue of $307.00 million during the quarter, compared to analyst estimates of $294.60 million. On average, analysts predict that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have commented on SRAD shares. UBS Group boosted their target price on Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, April 8th. Benchmark increased their price objective on shares of Sportradar Group from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Jefferies Financial Group boosted their target price on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Morgan Stanley increased 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, April 2nd. Finally, BTIG Research started coverage on Sportradar Group in a research report on Friday. They set a "buy" rating and a $28.00 price objective on the stock. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $26.45.
Check Out Our Latest Stock Analysis on SRAD
About Sportradar Group
(
Free Report)
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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