114,200 Shares in Sportradar Group AG (NASDAQ:SRAD) Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Sportradar Group AG (NASDAQ:SRAD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 114,200 shares of the company’s stock, valued at approximately $1,980,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Portolan Capital Management LLC acquired a new stake in shares of Sportradar Group during the third quarter worth $12,061,000. New York State Common Retirement Fund acquired a new stake in Sportradar Group during the 4th quarter worth about $12,887,000. Cambiar Investors LLC acquired a new position in shares of Sportradar Group in the 4th quarter valued at about $10,837,000. Janus Henderson Group PLC boosted its position in shares of Sportradar Group by 14.9% during the 3rd quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock valued at $43,384,000 after purchasing an additional 463,441 shares in the last quarter. Finally, Concentric Capital Strategies LP acquired a new stake in Sportradar Group during the third quarter worth approximately $3,805,000.

Sportradar Group Price Performance

SRAD stock opened at $22.99 on Tuesday. The company has a market capitalization of $25.55 billion, a P/E ratio of 114.96, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19. Sportradar Group AG has a 52-week low of $9.17 and a 52-week high of $23.15. The business has a 50-day simple moving average of $21.10 and a two-hundred day simple moving average of $17.07. 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) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.04). Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The company had revenue of $307.00 million for the quarter, compared to the consensus estimate of $294.60 million. Research analysts expect that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SRAD shares. Citigroup boosted their price target on Sportradar Group from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Needham & Company LLC increased their target price on shares of Sportradar Group from $18.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Jefferies Financial Group raised their price target on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. JPMorgan Chase & Co. upped their price objective on shares of Sportradar Group from $20.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. Finally, Canaccord Genuity Group raised their target price on Sportradar Group from $28.00 to $30.00 and gave the company a “buy” rating in a research note 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $24.67.

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.