Fifth Third Bancorp Invests $360,000 in Sportradar Group AG (NASDAQ:SRAD)

Fifth Third Bancorp acquired a new position in shares of Sportradar Group AG (NASDAQ:SRAD) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 16,672 shares of the company’s stock, valued at approximately $360,000.

Several other large investors have also modified their holdings of the stock. Silvercrest Asset Management Group LLC lifted its holdings in shares of Sportradar Group by 1.6% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 43,530 shares of the company’s stock worth $755,000 after acquiring an additional 691 shares during the period. LPL Financial LLC increased its position in Sportradar Group by 3.7% during the 4th quarter. LPL Financial LLC now owns 35,663 shares of the company’s stock worth $618,000 after purchasing an additional 1,287 shares in the last quarter. XTX Topco Ltd increased its position in Sportradar Group by 5.8% during the 4th quarter. XTX Topco Ltd now owns 25,591 shares of the company’s stock worth $444,000 after purchasing an additional 1,414 shares in the last quarter. National Bank of Canada FI increased its position in Sportradar Group by 1,366.4% during the 4th quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock worth $27,000 after purchasing an additional 1,462 shares in the last quarter. Finally, Huntington National Bank increased its position in Sportradar Group by 143.3% during the 4th quarter. Huntington National Bank now owns 2,613 shares of the company’s stock worth $45,000 after purchasing an additional 1,539 shares in the last quarter.

Sportradar Group Stock Performance

Shares of SRAD opened at $25.20 on Thursday. The business’s fifty day moving average price is $23.64 and its 200 day moving average price is $21.27. Sportradar Group AG has a 12-month low of $10.06 and a 12-month high of $25.85. The stock has a market capitalization of $28.04 billion, a PE ratio of 132.64 and a beta of 2.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.35 and a quick ratio of 1.35.

Sportradar Group (NASDAQ:SRAD) last announced 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. Sportradar Group had a return on equity of 6.38% and a net margin of 5.16%. The firm had revenue of $336.71 million for the quarter, compared to analysts’ expectations of $318.81 million. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. Equities research analysts forecast that Sportradar Group AG will post 0.15 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Jefferies Financial Group increased their target price on shares of Sportradar Group from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Morgan Stanley increased their target price on shares of Sportradar Group from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 16th. Citigroup increased 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. JPMorgan Chase & Co. increased their target price on shares of Sportradar Group from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 2nd. Finally, Canaccord Genuity Group increased 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 research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

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.