2,888 Shares in Sportradar Group AG (NASDAQ:SRAD) Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC acquired a new position in shares of Sportradar Group AG (NASDAQ:SRAD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,888 shares of the company’s stock, valued at approximately $32,000.

A number of other large investors have also recently made changes to their positions in SRAD. Truist Financial Corp boosted its holdings in Sportradar Group by 4.3% during the 4th quarter. Truist Financial Corp now owns 33,298 shares of the company’s stock worth $368,000 after acquiring an additional 1,373 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Sportradar Group by 11.1% in the 4th quarter. Fifth Third Bancorp now owns 22,005 shares of the company’s stock worth $243,000 after buying an additional 2,201 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Sportradar Group by 47.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,529 shares of the company’s stock valued at $260,000 after acquiring an additional 7,527 shares in the last quarter. Trexquant Investment LP increased its position in shares of Sportradar Group by 46.4% during the third quarter. Trexquant Investment LP now owns 30,395 shares of the company’s stock valued at $304,000 after acquiring an additional 9,640 shares during the last quarter. Finally, Mendota Financial Group LLC bought a new stake in Sportradar Group during the fourth quarter worth $138,000.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SRAD shares. Canaccord Genuity Group restated a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a research note on Thursday, March 21st. Morgan Stanley lifted their price objective on shares of Sportradar Group from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Jefferies Financial Group decreased their target price on Sportradar Group from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Tuesday, April 16th. Citigroup upped their price target on Sportradar Group from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Finally, JPMorgan Chase & Co. increased their price target on Sportradar Group from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.67.

Sportradar Group Price Performance

NASDAQ SRAD traded down $0.06 during trading hours on Friday, hitting $9.21. The company had a trading volume of 493,109 shares, compared to its average volume of 307,904. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of 76.76 and a beta of 2.02. Sportradar Group AG has a 52 week low of $8.08 and a 52 week high of $15.56. The firm has a 50 day simple moving average of $10.39 and a 200 day simple moving average of $10.29.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Wednesday, March 20th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Sportradar Group had a net margin of 4.27% and a return on equity of 4.54%. The firm had revenue of $271.98 million during the quarter, compared to analyst estimates of $267.36 million. Equities research analysts expect that Sportradar Group AG will post 0.3 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.