Renaissance Technologies LLC Buys 169,010 Shares of Sportradar Group AG (NASDAQ:SRAD)

Renaissance Technologies LLC raised its stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 79.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 382,310 shares of the company's stock after purchasing an additional 169,010 shares during the quarter. Renaissance Technologies LLC's holdings in Sportradar Group were worth $6,629,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Sei Investments Co. bought a new stake in Sportradar Group in the 4th quarter worth $3,626,000. JPMorgan Chase & Co. increased its holdings in Sportradar Group by 120.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company's stock valued at $639,000 after purchasing an additional 28,878 shares during the period. Jane Street Group LLC bought a new position in Sportradar Group during the 3rd quarter valued at approximately $479,000. Cornerstone Investment Partners LLC bought a new stake in shares of Sportradar Group in the 4th quarter worth approximately $199,000. Finally, Moody National Bank Trust Division increased its stake in shares of Sportradar Group by 80.6% during the fourth quarter. Moody National Bank Trust Division now owns 136,926 shares of the company's stock valued at $2,374,000 after buying an additional 61,105 shares during the period.

Sportradar Group Trading Up 0.4 %

NASDAQ:SRAD opened at $23.96 on Friday. Sportradar Group AG has a 52 week low of $9.17 and a 52 week high of $24.15. The stock has a market cap of $26.66 billion, a price-to-earnings ratio of 119.81, a PEG ratio of 1.53 and a beta of 2.10. The company's 50 day moving average price is $21.66 and its 200-day moving average price is $18.36. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.04). Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The business had revenue of $307.00 million during the quarter, compared to analysts' expectations of $294.60 million. On average, equities research analysts forecast that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SRAD shares. UBS Group lifted their price target on shares of Sportradar Group from $24.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, April 8th. BTIG Research started coverage on shares of Sportradar Group in a research note on Friday, April 11th. They issued a "buy" rating and a $28.00 price target for the company. Benchmark raised their price objective on shares of Sportradar Group from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday. Needham & Company LLC reissued a "buy" rating and issued a $27.00 target price on shares of Sportradar Group in a research report on Wednesday, April 2nd. Finally, Canaccord Genuity Group lifted their price target on Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $26.91.

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.

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