Kestra Private Wealth Services LLC Purchases New Position in Sportradar Group AG (NASDAQ:SRAD)

Kestra Private Wealth Services LLC acquired a new stake in Sportradar Group AG (NASDAQ:SRAD) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 12,032 shares of the company’s stock, valued at approximately $260,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. acquired a new stake in shares of Sportradar Group during the 4th quarter valued at $3,626,000. Mackenzie Financial Corp acquired a new position in Sportradar Group in the 4th quarter worth about $1,236,000. Renaissance Technologies LLC raised its position in Sportradar Group by 79.2% in the fourth quarter. Renaissance Technologies LLC now owns 382,310 shares of the company’s stock valued at $6,629,000 after purchasing an additional 169,010 shares during the last quarter. Trexquant Investment LP raised its position in Sportradar Group by 39.0% in the fourth quarter. Trexquant Investment LP now owns 182,877 shares of the company’s stock valued at $3,171,000 after purchasing an additional 51,350 shares during the last quarter. Finally, 1492 Capital Management LLC bought a new stake in shares of Sportradar Group during the fourth quarter worth about $2,170,000.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SRAD shares. JMP Securities upped their price objective on Sportradar Group from $25.00 to $30.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 15th. Benchmark raised their price target on shares of Sportradar Group from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, April 16th. Needham & Company LLC reissued a “buy” rating and issued a $27.00 price objective on shares of Sportradar Group in a research note on Monday, May 12th. Bank of America raised Sportradar Group from an “underperform” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday, April 22nd. Finally, Canaccord Genuity Group lifted their target price on Sportradar Group from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.25.

Sportradar Group Price Performance

Sportradar Group stock opened at $28.51 on Monday. The stock has a market capitalization of $31.72 billion, a price-to-earnings ratio of 150.06 and a beta of 2.07. Sportradar Group AG has a 52-week low of $10.06 and a 52-week high of $30.63. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.35 and a current ratio of 1.35. The stock’s 50 day moving average price is $26.36 and its two-hundred day moving average price is $23.37.

Sportradar Group (NASDAQ:SRAD) last released its earnings results on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The company had revenue of $336.71 million for the quarter, compared to the consensus estimate of $318.81 million. Sportradar Group had a net margin of 5.16% and a return on equity of 6.38%. The company’s revenue was up 17.0% compared to the same quarter last year. On average, equities analysts predict 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.