228,600 Shares in Sportradar Group AG (NASDAQ:SRAD) Purchased by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC purchased a new stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 228,600 shares of the company's stock, valued at approximately $3,964,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SRAD. Dynamic Technology Lab Private Ltd bought a new position in shares of Sportradar Group in the third quarter valued at approximately $406,000. Quantbot Technologies LP acquired a new stake in Sportradar Group during the 3rd quarter valued at $139,000. Millrace Asset Group Inc. bought a new position in Sportradar Group in the 3rd quarter valued at $1,278,000. Walleye Capital LLC acquired a new position in Sportradar Group in the third quarter worth $651,000. Finally, Walleye Trading LLC bought a new stake in shares of Sportradar Group during the third quarter worth $157,000.

Sportradar Group Trading Down 2.3 %

NASDAQ:SRAD traded down $0.52 during mid-day trading on Friday, hitting $21.98. The company had a trading volume of 982,875 shares, compared to its average volume of 621,996. The firm has a market cap of $24.43 billion, a P/E ratio of 109.91, a P/E/G ratio of 1.53 and a beta of 2.19. Sportradar Group AG has a fifty-two week low of $9.17 and a fifty-two week high of $23.49. The business's fifty day moving average is $21.30 and its two-hundred day moving average is $17.29. 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 issued its quarterly earnings results 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 firm had revenue of $307.00 million during the quarter, compared to the consensus estimate of $294.60 million. As a group, research analysts expect that Sportradar Group AG will post 0.15 earnings per share for the current year.

Remove Ads

Analyst Ratings Changes

SRAD has been the topic of a number of research analyst reports. Guggenheim initiated coverage on shares of Sportradar Group in a report on Wednesday, February 26th. They set a "buy" rating and a $27.00 price objective on the stock. Citigroup boosted their price objective on shares of Sportradar Group from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Canaccord Genuity Group increased their price objective on Sportradar Group from $28.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. JMP Securities restated a "market outperform" rating and set a $19.00 target price on shares of Sportradar Group in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. raised their price target on Sportradar Group from $20.00 to $26.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Sportradar Group has an average rating of "Moderate Buy" and a consensus price target 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.