Jump Financial LLC Buys New Shares in Sportradar Group AG $SRAD

Jump Financial LLC purchased a new position in shares of Sportradar Group AG (NASDAQ:SRAD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 123,300 shares of the company’s stock, valued at approximately $3,462,000.

Several other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA purchased a new position in shares of Sportradar Group during the 2nd quarter valued at about $123,087,000. Invesco Ltd. grew its position in Sportradar Group by 536.7% during the second quarter. Invesco Ltd. now owns 2,972,813 shares of the company’s stock valued at $83,477,000 after acquiring an additional 2,505,890 shares during the last quarter. Driehaus Capital Management LLC purchased a new position in shares of Sportradar Group during the first quarter worth approximately $48,596,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Sportradar Group by 76.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,765,953 shares of the company’s stock worth $77,668,000 after acquiring an additional 1,196,197 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new stake in shares of Sportradar Group in the 1st quarter worth approximately $20,657,000.

Wall Street Analyst Weigh In

Several research firms recently commented on SRAD. Roth Capital started coverage on shares of Sportradar Group in a report on Friday, September 12th. They set a “buy” rating and a $40.00 target price on the stock. JMP Securities raised their price objective on Sportradar Group from $30.00 to $36.00 and gave the company a “market outperform” rating in a research note on Wednesday, September 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a research note on Monday. UBS Group dropped their target price on Sportradar Group from $39.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on Sportradar Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.56.

Sportradar Group Stock Down 2.5%

NASDAQ SRAD opened at $22.91 on Thursday. Sportradar Group AG has a 1 year low of $16.27 and a 1 year high of $32.22. The stock has a market capitalization of $6.86 billion, a PE ratio of 71.60 and a beta of 2.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.36 and a quick ratio of 1.36. The business’s 50-day moving average is $24.21 and its 200 day moving average is $26.88.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business had revenue of $342.71 million for the quarter, compared to the consensus estimate of $295.04 million. Sportradar Group had a net margin of 7.84% and a return on equity of 9.97%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. Sell-side analysts forecast that Sportradar Group AG will post 0.15 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.