Occudo Quantitative Strategies LP Makes New $878,000 Investment in Sportradar Group AG (NASDAQ:SRAD)

Occudo Quantitative Strategies LP bought a new position in Sportradar Group AG (NASDAQ:SRAD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 50,626 shares of the company’s stock, valued at approximately $878,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC lifted its position in Sportradar Group by 3,098.9% in the third quarter. Barclays PLC now owns 5,918 shares of the company’s stock valued at $72,000 after purchasing an additional 5,733 shares during the period. JPMorgan Chase & Co. increased its position in Sportradar Group by 120.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock worth $639,000 after purchasing an additional 28,878 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Sportradar Group by 85.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock worth $48,000 after buying an additional 1,272 shares in the last quarter. Moody Aldrich Partners LLC acquired a new stake in shares of Sportradar Group in the 4th quarter valued at approximately $2,481,000. Finally, R Squared Ltd purchased a new stake in shares of Sportradar Group in the fourth quarter valued at approximately $44,000.

Analysts Set New Price Targets

Several research firms have issued reports on SRAD. Jefferies Financial Group increased their price objective on Sportradar Group from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. UBS Group upped their price target on shares of Sportradar Group from $24.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, April 8th. Benchmark increased their price target on shares of Sportradar Group from $26.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, April 16th. Guggenheim reissued a “buy” rating and set a $27.00 price objective on shares of Sportradar Group in a report on Thursday, April 3rd. Finally, Canaccord Genuity Group upped their target price on shares of Sportradar Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, April 3rd. One investment 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 has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Sportradar Group Stock Performance

NASDAQ:SRAD opened at $23.33 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $25.96 billion, a P/E ratio of 116.66, a price-to-earnings-growth ratio of 1.53 and a beta of 2.08. The firm has a 50-day moving average price of $22.22 and a two-hundred day moving average price of $19.77. Sportradar Group AG has a twelve month low of $9.30 and a twelve month high of $25.85.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. The firm had revenue of $336.71 million during the quarter, compared to the consensus estimate of $318.81 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, research analysts expect that Sportradar Group AG will post 0.15 earnings per share for the current fiscal 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.