Sei Investments Co. acquired a new stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 209,094 shares of the company's stock, valued at approximately $3,626,000.
Other large investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund purchased a new stake in shares of Sportradar Group in the 4th quarter worth $12,887,000. Cambiar Investors LLC bought a new position in shares of Sportradar Group during the 4th quarter valued at approximately $10,837,000. Janus Henderson Group PLC increased its holdings in Sportradar Group by 14.9% in the 3rd quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company's stock worth $43,384,000 after acquiring an additional 463,441 shares in the last quarter. Wilson Asset Management International PTY Ltd. raised its stake in Sportradar Group by 62.7% during the 4th quarter. Wilson Asset Management International PTY Ltd. now owns 436,051 shares of the company's stock worth $7,561,000 after acquiring an additional 168,033 shares during the period. Finally, Lingotto Investment Management LLP bought a new stake in shares of Sportradar Group during the 4th quarter valued at $2,630,000.
Sportradar Group Trading Down 4.1 %
NASDAQ SRAD traded down $0.87 during trading on Friday, hitting $20.32. The stock had a trading volume of 2,058,404 shares, compared to its average volume of 659,701. Sportradar Group AG has a one year low of $9.17 and a one year high of $23.60. The stock has a 50 day simple moving average of $21.39 and a 200 day simple moving average of $17.67. The stock has a market capitalization of $22.61 billion, a price-to-earnings ratio of 101.61, 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 quick ratio of 1.53 and a current ratio of 1.53.
Sportradar Group (NASDAQ:SRAD - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $0.00 earnings per share (EPS) 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 business had revenue of $307.00 million for the quarter, compared to analysts' expectations of $294.60 million. Sell-side analysts predict that Sportradar Group AG will post 0.15 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on SRAD shares. Jefferies Financial Group boosted their price target on Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. lifted their price target on shares of Sportradar Group from $26.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday. Benchmark increased their price objective on shares of Sportradar Group from $24.00 to $26.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Canaccord Genuity Group boosted their target price on Sportradar Group from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Guggenheim restated a "buy" rating and set a $27.00 price target on shares of Sportradar Group in a report on Thursday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.00.
Read Our Latest Stock Report on Sportradar Group
About Sportradar Group
(
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.
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