Portolan Capital Management LLC Decreases Stock Holdings in Sportradar Group AG (NASDAQ:SRAD)

Portolan Capital Management LLC lessened its stake in Sportradar Group AG (NASDAQ:SRAD) by 28.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 715,424 shares of the company’s stock after selling 280,529 shares during the period. Portolan Capital Management LLC owned 0.06% of Sportradar Group worth $12,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SRAD. National Bank of Canada FI boosted its holdings in shares of Sportradar Group by 1,366.4% in the 4th quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock valued at $27,000 after buying an additional 1,462 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Sportradar Group in the fourth quarter valued at approximately $28,000. US Bancorp DE purchased a new position in Sportradar Group in the fourth quarter worth $39,000. Loomis Sayles & Co. L P acquired a new position in shares of Sportradar Group during the fourth quarter worth $43,000. Finally, R Squared Ltd acquired a new stake in shares of Sportradar Group in the 4th quarter worth $44,000.

Wall Street Analyst Weigh In

SRAD has been the topic of several recent analyst reports. Morgan Stanley increased their price target on Sportradar Group from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 2nd. JMP Securities reaffirmed a “market outperform” rating and issued a $19.00 price objective on shares of Sportradar Group in a research report on Monday, January 27th. JPMorgan Chase & Co. lifted their target price on shares of Sportradar Group from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 2nd. Jefferies Financial Group upped their price target on shares of Sportradar Group from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Finally, Benchmark lifted their price objective on shares of Sportradar Group from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.45.

Sportradar Group Trading Up 2.5 %

Shares of Sportradar Group stock opened at $22.57 on Monday. The stock has a market cap of $25.12 billion, a PE ratio of 112.86, a price-to-earnings-growth ratio of 1.53 and a beta of 2.10. The firm has a fifty day moving average price of $21.50 and a 200 day moving average price of $18.13. Sportradar Group AG has a 1 year low of $9.17 and a 1 year high of $23.63. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Wednesday, March 19th. The company reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04). Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The company had revenue of $307.00 million for the quarter, compared to analysts’ expectations of $294.60 million. Equities research 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.