Russell Investments Group Ltd. Makes New Investment in Sportradar Group AG (NASDAQ:SRAD)

Russell Investments Group Ltd. bought a new stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 63,439 shares of the company's stock, valued at approximately $1,100,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. New York State Common Retirement Fund bought a new stake in shares of Sportradar Group in the 4th quarter valued at about $12,887,000. Cambiar Investors LLC bought a new stake in Sportradar Group in the fourth quarter valued at approximately $10,837,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Sportradar Group by 47.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company's stock valued at $24,370,000 after buying an additional 454,826 shares during the last quarter. Zevenbergen Capital Investments LLC acquired a new stake in shares of Sportradar Group in the fourth quarter valued at approximately $3,964,000. Finally, Sei Investments Co. acquired a new position in shares of Sportradar Group during the 4th quarter worth approximately $3,626,000.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of Sportradar Group from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 16th. Needham & Company LLC reaffirmed a "buy" rating and set a $27.00 target price on shares of Sportradar Group in a report on Wednesday, April 2nd. Canaccord Genuity Group increased their price target on shares of Sportradar Group from $30.00 to $32.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. Jefferies Financial Group boosted their price objective on Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Finally, UBS Group increased 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. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

Sportradar Group Price Performance

SRAD stock traded up $0.15 during midday trading on Friday, reaching $22.27. The company had a trading volume of 2,458,917 shares, compared to its average volume of 1,371,248. Sportradar Group AG has a 1-year low of $9.17 and a 1-year high of $25.85. The stock has a 50 day moving average price of $21.82 and a 200-day moving average price of $18.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market capitalization of $24.78 billion, a price-to-earnings ratio of 111.36, a price-to-earnings-growth ratio of 1.53 and a beta of 2.10.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last issued 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 firm had revenue of $307.00 million during 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 expect that Sportradar Group AG will post 0.15 earnings per share for the current 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.