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

Tower Research Capital LLC TRC purchased a new stake in Sportradar Group AG (NASDAQ:SRAD) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,888 shares of the company’s stock, valued at approximately $32,000.

Several other institutional investors have also added to or reduced their stakes in SRAD. Armistice Capital LLC purchased a new position in shares of Sportradar Group in the fourth quarter worth $199,000. Roubaix Capital LLC increased its position in shares of Sportradar Group by 47.1% in the 4th quarter. Roubaix Capital LLC now owns 356,795 shares of the company’s stock valued at $3,943,000 after acquiring an additional 114,238 shares during the period. Jump Financial LLC purchased a new position in Sportradar Group in the 4th quarter worth $302,000. Truist Financial Corp lifted its position 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 period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Sportradar Group by 47.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,529 shares of the company’s stock valued at $260,000 after purchasing an additional 7,527 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SRAD. Jefferies Financial Group reduced their price objective on Sportradar Group from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Tuesday, April 16th. Canaccord Genuity Group reiterated a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a report on Thursday, March 21st. Morgan Stanley raised their price target 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. Citigroup upped their price objective on shares of Sportradar Group from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Sportradar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.67.

Sportradar Group Stock Performance

Shares of NASDAQ:SRAD traded down $0.06 during trading on Friday, hitting $9.21. 493,109 shares of the stock traded hands, compared to its average volume of 307,904. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average price of $10.39 and a two-hundred day moving average price of $10.29. Sportradar Group AG has a 52-week low of $8.08 and a 52-week high of $15.56. The company has a market cap of $10.24 billion, a price-to-earnings ratio of 76.76 and a beta of 2.02.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Wednesday, March 20th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $271.98 million during the quarter, compared to analysts’ expectations of $267.36 million. Sportradar Group had a net margin of 4.27% and a return on equity of 4.54%. As a group, equities analysts predict that Sportradar Group AG will post 0.3 EPS for the current 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.