Portolan Capital Management LLC Sells 280,529 Shares of Sportradar Group AG (NASDAQ:SRAD)

Portolan Capital Management LLC lessened its stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) by 28.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 715,424 shares of the company's stock after selling 280,529 shares during the period. Portolan Capital Management LLC owned 0.06% of Sportradar Group worth $12,405,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of SRAD. National Bank of Canada FI grew its holdings in shares of 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 purchasing an additional 1,462 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Sportradar Group in the 4th quarter valued at about $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 position in shares of Sportradar Group in the fourth quarter valued at approximately $43,000. Finally, R Squared Ltd bought a new position in Sportradar Group during the fourth quarter valued at about $44,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SRAD shares. Needham & Company LLC reiterated a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a research note on Wednesday, April 2nd. Guggenheim restated a "buy" rating and set a $27.00 price target on shares of Sportradar Group in a research report on Thursday, April 3rd. Citigroup boosted their price target on Sportradar Group from $25.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Morgan Stanley raised their target price on Sportradar Group from $22.00 to $23.00 and gave the company an "equal weight" rating in a research note on Wednesday. Finally, UBS Group boosted their target price on Sportradar Group from $24.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.91.

Sportradar Group Stock Performance

Shares of NASDAQ:SRAD traded up $0.10 during mid-day trading on Friday, reaching $23.96. 791,005 shares of the company traded hands, compared to its average volume of 709,599. The company's 50 day moving average price is $21.66 and its 200-day moving average price is $18.36. The firm has a market cap of $26.66 billion, a PE ratio of 119.81, a PEG ratio of 1.53 and a beta of 2.10. Sportradar Group AG has a 52 week low of $9.17 and a 52 week high of $24.15. 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 released its 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 for the quarter, compared to analysts' expectations of $294.60 million. On average, equities analysts expect that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Sportradar Group Company 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.