Sportradar Group AG (NASDAQ:SRAD) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP boosted its position in shares of Sportradar Group AG (NASDAQ:SRAD) by 39.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,877 shares of the company’s stock after purchasing an additional 51,350 shares during the period. Trexquant Investment LP’s holdings in Sportradar Group were worth $3,171,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Walleye Capital LLC purchased a new position in Sportradar Group in the 3rd quarter valued at about $651,000. Verition Fund Management LLC purchased a new position in Sportradar Group in the third quarter valued at about $406,000. Centiva Capital LP grew its stake in Sportradar Group by 66.1% during the 3rd quarter. Centiva Capital LP now owns 38,172 shares of the company’s stock valued at $462,000 after purchasing an additional 15,187 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Sportradar Group by 1,340.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 96,500 shares of the company’s stock worth $1,169,000 after purchasing an additional 89,800 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Sportradar Group during the 3rd quarter worth approximately $479,000.

Sportradar Group Trading Down 4.1 %

Shares of NASDAQ SRAD opened at $20.32 on Monday. The company has a market cap of $22.61 billion, a price-to-earnings ratio of 101.61, a price-to-earnings-growth ratio of 1.53 and a beta of 2.10. The stock’s 50 day simple moving average is $21.39 and its 200 day simple moving average is $17.71. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a 12-month low of $9.17 and a 12-month high of $23.60.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Wednesday, March 19th. The company reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04). Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The business had revenue of $307.00 million for the quarter, compared to the consensus estimate of $294.60 million. Equities research analysts expect that Sportradar Group AG will post 0.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. JMP Securities reissued a “market outperform” rating and set a $19.00 price target on shares of Sportradar Group in a research report on Monday, January 27th. Citigroup boosted their target price on shares of Sportradar Group from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Benchmark increased their price target on shares of Sportradar Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. lifted their price target on Sportradar Group from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 2nd. Finally, Jefferies Financial Group upped their price objective on Sportradar Group from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Sportradar Group presently has a consensus rating of “Moderate Buy” and an average price target of $26.00.

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.