9 hours Ago By ABMN Staff
Invesco Ltd. bought a new stake in shares of Sportradar Group AG ( NASDAQ:SRAD – Free Report ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 428,247 shares of the company’s stock, valued at approximately $7,426,000.
A number of other large investors have also recently made changes to their positions in SRAD. Russell Investments Group Ltd. bought a new position in shares of Sportradar Group in the fourth quarter worth $1,100,000.
Envestnet Asset Management Inc. purchased a new position in Sportradar Group in the 4th quarter worth $518,000. ExodusPoint Capital Management LP lifted its stake in Sportradar Group by 10.
4% in the fourth quarter. ExodusPoint Capital Management LP now owns 112,999 shares of the company’s stock worth $1,959,000 after purchasing an additional 10,673 shares during the last quarter. Huntington National Bank boosted its position in Sportradar Group by 143.
3% during the fourth quarter. Huntington National Bank now owns 2,613 shares of the company’s stock valued at $45,000 after buying an additional 1,539 shares during the period. Finally, Trexquant Investment LP grew its stake in shares of Sportradar Group by 39.
0% during the fourth quarter. Trexquant Investment LP now owns 182,877 shares of the company’s stock valued at $3,171,000 after buying an additional 51,350 shares during the last quarter. Wall Street Analysts Forecast Growth SRAD has been the subject of a number of analyst reports.
JPMorgan Chase & Co. increased their price objective on Sportradar Group from $26.00 to $27.
00 and gave the company an “overweight” rating in a research note on Wednesday, April 2nd. Needham & Company LLC reissued a “buy” rating and issued a $27.00 price target on shares of Sportradar Group in a report on Wednesday, April 2nd.
Morgan Stanley upped their price objective on shares of Sportradar Group from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 16th.
BTIG Research initiated coverage on Sportradar Group in a report on Friday, April 11th. They set a “buy” rating and a $28.00 price target on the stock.
Finally, Canaccord Genuity Group increased their price objective on Sportradar Group from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, April 3rd.
One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.
00. Sportradar Group Stock Performance Shares of Sportradar Group stock opened at $22.12 on Friday.
Sportradar Group AG has a 1 year low of $9.17 and a 1 year high of $25.85.
The firm’s 50-day moving average is $21.82 and its 200 day moving average is $18.75.
The stock has a market cap of $24.61 billion, a price-to-earnings ratio of 110.61, a PEG ratio of 1.
53 and a beta of 2.10. The company has a debt-to-equity ratio of 0.
04, a current ratio of 1.53 and a quick ratio of 1.53.
Sportradar Group ( NASDAQ:SRAD – Get Free Report ) last posted 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). The firm had revenue of $307.
00 million for the quarter, compared to analysts’ expectations of $294.60 million. Sportradar Group had a net margin of 5.
61% and a return on equity of 6.69%. Sell-side analysts anticipate that Sportradar Group AG will post 0.
15 EPS for the current fiscal year. Sportradar Group Profile ( 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.
Read More Want to see what other hedge funds are holding SRAD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sportradar Group AG ( NASDAQ:SRAD – Free Report ). Receive News & Ratings for Sportradar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sportradar Group and related companies with MarketBeat.
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