Sportradar Group AG (NASDAQ:SRAD) Position Increased by Quantbot Technologies LP

Quantbot Technologies LP boosted its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 196.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,002 shares of the company's stock after buying an additional 22,542 shares during the period. Quantbot Technologies LP's holdings in Sportradar Group were worth $590,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new position in shares of Sportradar Group during the fourth quarter worth about $28,000. US Bancorp DE bought a new position in Sportradar Group in the 4th quarter worth about $39,000. Point72 Hong Kong Ltd bought a new position in Sportradar Group in the 3rd quarter worth about $41,000. R Squared Ltd acquired a new stake in shares of Sportradar Group in the fourth quarter valued at approximately $44,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Sportradar Group by 85.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company's stock valued at $48,000 after buying an additional 1,272 shares during the last quarter.

Sportradar Group Price Performance

NASDAQ SRAD traded up $0.11 on Tuesday, reaching $21.73. The company's stock had a trading volume of 3,115,428 shares, compared to its average volume of 636,078. The firm's 50 day moving average is $21.36 and its two-hundred day moving average is $17.51. The stock has a market cap of $24.18 billion, a PE ratio of 108.66, a PEG ratio of 1.53 and a beta of 2.19. 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 AG has a twelve month low of $9.17 and a twelve month high of $23.70.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported $0.00 EPS for the quarter, missing the consensus estimate 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%. As a group, sell-side analysts predict that Sportradar Group AG will post 0.15 EPS for the current year.

Wall Street Analyst Weigh In

SRAD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on Sportradar Group from $20.00 to $26.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Guggenheim assumed coverage on Sportradar Group in a research note on Wednesday, February 26th. They issued a "buy" rating and a $27.00 price target for the company. Needham & Company LLC lifted their price objective on shares of Sportradar Group from $18.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. JMP Securities reiterated a "market outperform" rating and issued a $19.00 target price on shares of Sportradar Group in a research report on Monday, January 27th. Finally, Benchmark boosted their price target on shares of Sportradar Group from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Sportradar Group has a consensus rating of "Moderate Buy" and an average target price of $24.67.

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.