Sportradar Group AG $SRAD Shares Bought by Greenhouse Funds LLLP

Greenhouse Funds LLLP boosted its stake in shares of Sportradar Group AG (NASDAQ:SRAD) by 1.6% during the 2nd quarter, Holdings Channel reports. The firm owned 7,971,654 shares of the company’s stock after acquiring an additional 129,276 shares during the quarter. Sportradar Group comprises approximately 9.2% of Greenhouse Funds LLLP’s investment portfolio, making the stock its largest position. Greenhouse Funds LLLP’s holdings in Sportradar Group were worth $223,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Massachusetts Financial Services Co. MA acquired a new stake in shares of Sportradar Group during the second quarter worth $123,087,000. Driehaus Capital Management LLC purchased a new position in Sportradar Group in the 1st quarter worth $48,596,000. Arrowstreet Capital Limited Partnership lifted its position in Sportradar Group by 76.2% during 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 period. T. Rowe Price Investment Management Inc. purchased a new stake in Sportradar Group during the 1st quarter valued at about $20,657,000. Finally, American Century Companies Inc. purchased a new stake in Sportradar Group during the 2nd quarter valued at about $19,305,000.

Analyst Ratings Changes

Several research analysts have recently issued reports on SRAD shares. Wells Fargo & Company assumed coverage on Sportradar Group in a research note on Tuesday, November 18th. They issued an “overweight” rating and a $30.00 price objective for the company. JPMorgan Chase & Co. increased their price target on shares of Sportradar Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Zacks Research lowered shares of Sportradar Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Needham & Company LLC upped their price objective on shares of Sportradar Group from $28.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, Roth Capital began coverage on shares of Sportradar Group in a research note on Friday, September 12th. They issued a “buy” rating and a $40.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Sportradar Group presently has a consensus rating of “Moderate Buy” and an average target price of $31.78.

Sportradar Group Trading Up 0.2%

Sportradar Group stock opened at $21.99 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04. The firm has a market cap of $6.59 billion, a PE ratio of 61.08 and a beta of 2.02. The stock’s 50 day simple moving average is $24.86 and its two-hundred day simple moving average is $26.94. Sportradar Group AG has a 12 month low of $16.27 and a 12 month high of $32.22.

Sportradar Group (NASDAQ:SRAD) last posted its earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $342.71 million during the quarter, compared to analyst estimates of $295.04 million. Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Analysts anticipate that Sportradar Group AG will post 0.15 earnings per share for the current year.

Sportradar Group 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.