Oberweis Asset Management Inc. bought a new stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 728,900 shares of the company's stock, valued at approximately $12,639,000. Oberweis Asset Management Inc. owned about 0.07% of Sportradar Group as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. National Bank of Canada FI grew its stake in 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 worth $27,000 after acquiring an additional 1,462 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Sportradar Group in the fourth quarter worth approximately $28,000. US Bancorp DE purchased a new position in Sportradar Group during the 4th quarter worth $39,000. Loomis Sayles & Co. L P bought a new stake in Sportradar Group during the 4th quarter valued at $43,000. Finally, R Squared Ltd bought a new position in shares of Sportradar Group during the 4th quarter worth $44,000.
Sportradar Group Stock Performance
SRAD opened at $23.11 on Thursday. The firm has a fifty day moving average price of $21.82 and a 200 day moving average price of $18.68. Sportradar Group AG has a 1 year low of $9.17 and a 1 year high of $25.85. The stock has a market cap of $25.72 billion, a P/E ratio of 115.56, a P/E/G ratio of 1.53 and a beta of 2.10. 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 posted its 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 business had revenue of $307.00 million for the quarter, compared to analyst estimates of $294.60 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. Equities research analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current year.
Analyst Ratings Changes
SRAD has been the subject of several research reports. Bank of America raised shares of Sportradar Group from an "underperform" rating to a "buy" rating and set a $28.00 price target for the company in a research report on Tuesday. UBS Group boosted their price target on Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, April 8th. Benchmark boosted their target price on shares of Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. JMP Securities restated a "market outperform" rating and issued a $19.00 price target on shares of Sportradar Group in a report on Monday, January 27th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $27.00 price objective on shares of Sportradar Group in a research report on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Sportradar Group currently has an average rating of "Moderate Buy" and an average price target of $27.00.
Check Out Our Latest Analysis on SRAD
Sportradar Group Company Profile
(
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.
Further Reading
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