American Century Companies Inc. Takes Position in Sportradar Group AG $SRAD

American Century Companies Inc. bought a new position in shares of Sportradar Group AG (NASDAQ:SRAD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 687,486 shares of the company’s stock, valued at approximately $19,305,000. American Century Companies Inc. owned approximately 0.06% of Sportradar Group as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SRAD. ORG Partners LLC lifted its stake in Sportradar Group by 2,137.8% in the second quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock valued at $28,000 after purchasing an additional 962 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of Sportradar Group by 3,058.0% in the second quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company’s stock valued at $44,000 after purchasing an additional 1,529 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in shares of Sportradar Group during the 1st quarter valued at approximately $52,000. Battery Global Advisors LLC boosted its holdings in Sportradar Group by 2,800.0% in the 1st quarter. Battery Global Advisors LLC now owns 2,755 shares of the company’s stock worth $60,000 after buying an additional 2,660 shares during the period. Finally, Twin Tree Management LP bought a new position in Sportradar Group in the 1st quarter worth approximately $88,000.

Sportradar Group Stock Up 0.2%

Shares of NASDAQ SRAD opened at $21.99 on Wednesday. Sportradar Group AG has a one year low of $16.27 and a one year high of $32.22. The stock has a market capitalization of $6.59 billion, a P/E ratio of 61.08 and a beta of 2.02. The firm’s 50 day simple moving average is $24.86 and its two-hundred day simple moving average is $26.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.31 and a quick ratio of 1.31.

Sportradar Group (NASDAQ:SRAD) last issued its earnings results on Wednesday, November 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Sportradar Group had a return on equity of 11.74% and a net margin of 9.35%.The business had revenue of $342.71 million during the quarter, compared to analysts’ expectations of $295.04 million. During the same quarter in the previous year, the business earned $0.11 EPS. Sportradar Group’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, analysts expect that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SRAD shares. Wells Fargo & Company assumed coverage on shares of Sportradar Group in a report on Tuesday, November 18th. They set an “overweight” rating and a $30.00 target price on the stock. Morgan Stanley boosted their price objective on Sportradar Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Arete Research upgraded Sportradar Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Roth Capital started coverage on Sportradar Group in a report on Friday, September 12th. They set a “buy” rating and a $40.00 target price for the company. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Sportradar Group presently has an average rating of “Moderate Buy” and an average target price of $31.78.

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.