Sellaronda Global Management LP Invests $14.74 Million in Sportradar Group AG (NASDAQ:SRAD)

Sellaronda Global Management LP bought a new position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 850,000 shares of the company's stock, valued at approximately $14,739,000. Sportradar Group makes up 14.8% of Sellaronda Global Management LP's holdings, making the stock its biggest holding. Sellaronda Global Management LP owned 0.08% of Sportradar Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SRAD. Sei Investments Co. bought a new position in shares of Sportradar Group during the fourth quarter valued at $3,626,000. JPMorgan Chase & Co. raised its position in Sportradar Group by 120.8% in 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 last quarter. Jane Street Group LLC bought a new position in Sportradar Group in the 3rd quarter valued at $479,000. Cornerstone Investment Partners LLC acquired a new position in Sportradar Group in the fourth quarter worth $199,000. Finally, Moody National Bank Trust Division increased its stake in shares of Sportradar Group by 80.6% in 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 in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SRAD. Needham & Company LLC reiterated a "buy" rating and set a $27.00 price target on shares of Sportradar Group in a research report on Wednesday, April 2nd. BTIG Research initiated coverage on shares of Sportradar Group in a research note on Friday. They issued a "buy" rating and a $28.00 target price for the company. Benchmark increased their price target on shares of Sportradar Group from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Jefferies Financial Group boosted their price objective on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Finally, Guggenheim reaffirmed a "buy" rating and set a $27.00 price objective on shares of Sportradar Group in a report on Thursday, April 3rd. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $26.45.

Sportradar Group Trading Up 2.5 %

Shares of Sportradar Group stock traded up $0.55 on Friday, hitting $22.57. 1,937,296 shares of the company's stock traded hands, compared to its average volume of 695,841. Sportradar Group AG has a one year low of $9.17 and a one year high of $23.60. 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 stock has a market capitalization of $25.12 billion, a PE ratio of 112.86, a price-to-earnings-growth ratio of 1.53 and a beta of 2.10. The firm's 50-day moving average price is $21.50 and its two-hundred day moving average price is $18.09.

Sportradar Group (NASDAQ:SRAD - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported $0.00 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 company had revenue of $307.00 million during the quarter, compared to the consensus estimate of $294.60 million. On average, research analysts expect that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

About Sportradar Group

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.