Hsbc Holdings PLC Grows Stake in Sportradar Group AG (NASDAQ:SRAD)

Hsbc Holdings PLC grew its holdings in shares of Sportradar Group AG (NASDAQ:SRAD) by 13.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,438 shares of the company’s stock after buying an additional 2,495 shares during the period. Hsbc Holdings PLC’s holdings in Sportradar Group were worth $373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sellaronda Global Management LP purchased a new position in Sportradar Group during the 4th quarter valued at $14,739,000. New York State Common Retirement Fund bought a new stake in shares of Sportradar Group during the 4th quarter valued at about $12,887,000. Cambiar Investors LLC purchased a new position in shares of Sportradar Group during the fourth quarter valued at about $10,837,000. Nixon Capital LLC bought a new position in Sportradar Group in the fourth quarter worth about $8,319,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Sportradar Group by 47.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,405,428 shares of the company’s stock worth $24,370,000 after buying an additional 454,826 shares during the period.

Sportradar Group Price Performance

NASDAQ SRAD opened at $22.55 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market capitalization of $25.09 billion, a price-to-earnings ratio of 112.76, a PEG ratio of 1.53 and a beta of 2.08. The stock has a 50-day moving average of $22.11 and a 200 day moving average of $19.49. Sportradar Group AG has a one year low of $9.17 and a one year high of $25.85.

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 the consensus estimate 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. On average, sell-side analysts forecast that Sportradar Group AG will post 0.15 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $27.00 target price on shares of Sportradar Group in a research note on Wednesday, April 2nd. Morgan Stanley raised their price objective on Sportradar Group from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 16th. Bank of America raised shares of Sportradar Group from an “underperform” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Tuesday, April 22nd. Guggenheim reissued a “buy” rating and set a $27.00 price target on shares of Sportradar Group in a research report on Thursday, April 3rd. Finally, Citigroup upped their price objective on shares of Sportradar Group from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Sportradar Group has a consensus rating of “Moderate Buy” and an average 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.