US Bancorp DE Purchases 3,973 Shares of Sportradar Group AG (NASDAQ:SRAD)

US Bancorp DE boosted its position in Sportradar Group AG (NASDAQ:SRAD) by 178.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,198 shares of the company’s stock after buying an additional 3,973 shares during the period. US Bancorp DE’s holdings in Sportradar Group were worth $134,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in Sportradar Group by 43.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,759 shares of the company’s stock valued at $38,000 after buying an additional 537 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in Sportradar Group by 34.5% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,146 shares of the company’s stock worth $46,000 after purchasing an additional 551 shares in the last quarter. Silvercrest Asset Management Group LLC increased its holdings in 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 purchasing an additional 691 shares in the last quarter. LPL Financial LLC increased its holdings 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. Finally, XTX Topco Ltd increased its holdings 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.

Analyst Upgrades and Downgrades

SRAD has been the subject of a number of recent research reports. Arete Research raised Sportradar Group to a “hold” rating in a report on Wednesday, July 9th. Arete initiated coverage on Sportradar Group in a report on Wednesday, July 9th. They set a “neutral” rating and a $31.00 price objective for the company. JMP Securities boosted their price objective on Sportradar Group from $25.00 to $30.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 15th. Morgan Stanley boosted their price objective on Sportradar Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Finally, Macquarie started coverage on Sportradar Group in a report on Friday, June 20th. They issued an “outperform” rating and a $32.00 target price for the company. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.50.

Sportradar Group Price Performance

Sportradar Group stock opened at $31.00 on Friday. Sportradar Group AG has a 12 month low of $10.79 and a 12 month high of $31.59. 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 business’s 50 day simple moving average is $27.93 and its 200 day simple moving average is $24.28. The company has a market cap of $34.50 billion, a price-to-earnings ratio of 86.11 and a beta of 2.07.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.04 by $0.13. The business had revenue of $374.25 million for the quarter, compared to the consensus estimate of $315.30 million. Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%. The company’s revenue was up 14.1% on a year-over-year basis. Sell-side analysts forecast that Sportradar Group AG will post 0.15 EPS for the current year.

About Sportradar Group

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.