LPL Financial LLC Increases Position in Sportradar Group AG (NASDAQ:SRAD)

LPL Financial LLC increased its position in Sportradar Group AG (NASDAQ:SRAD) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,663 shares of the company’s stock after acquiring an additional 1,287 shares during the period. LPL Financial LLC’s holdings in Sportradar Group were worth $618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in shares of Sportradar Group during the third quarter worth about $479,000. Barclays PLC raised its position in Sportradar Group by 3,098.9% during the 3rd quarter. Barclays PLC now owns 5,918 shares of the company’s stock worth $72,000 after buying an additional 5,733 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Sportradar Group by 120.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock valued at $639,000 after acquiring an additional 28,878 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Sportradar Group by 4.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 224,668 shares of the company’s stock valued at $3,896,000 after acquiring an additional 8,551 shares during the last quarter. Finally, Moody National Bank Trust Division increased its stake in shares of Sportradar Group by 80.6% in the fourth quarter. Moody National Bank Trust Division now owns 136,926 shares of the company’s stock worth $2,374,000 after acquiring an additional 61,105 shares during the period.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $27.00 price target on shares of Sportradar Group in a report on Wednesday, April 2nd. Benchmark upped their target price on Sportradar Group from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, April 16th. Citigroup lifted their price target on Sportradar Group from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. upped their price objective on Sportradar Group from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 2nd. Finally, Morgan Stanley lifted their target price on shares of Sportradar Group from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Sportradar Group presently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Sportradar Group Price Performance

Shares of NASDAQ SRAD opened at $23.11 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a market cap of $25.72 billion, a PE ratio of 115.56, a PEG ratio of 1.53 and a beta of 2.10. Sportradar Group AG has a one year low of $9.17 and a one year high of $25.85. The firm has a fifty day moving average of $21.82 and a 200 day moving average of $18.68.

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