Russell Investments Group Ltd. Invests $1.10 Million in Sportradar Group AG (NASDAQ:SRAD)

Russell Investments Group Ltd. purchased a new position in Sportradar Group AG (NASDAQ:SRAD) in the 4th quarter, HoldingsChannel reports. The fund purchased 63,439 shares of the company’s stock, valued at approximately $1,100,000.

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

Sportradar Group Stock Down 4.0 %

SRAD opened at $23.01 on Tuesday. Sportradar Group AG has a fifty-two week low of $9.17 and a fifty-two week high of $24.15. 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 stock has a market cap of $25.60 billion, a price-to-earnings ratio of 115.06, a price-to-earnings-growth ratio of 1.53 and a beta of 2.10. The firm’s fifty day moving average is $21.74 and its 200 day moving average is $18.61.

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). The business had revenue of $307.00 million during the quarter, compared to the consensus estimate of $294.60 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. On average, sell-side analysts forecast that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SRAD. Citigroup increased their price objective on Sportradar Group from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Needham & Company LLC reissued a “buy” rating and set a $27.00 price target on shares of Sportradar Group in a report on Wednesday, April 2nd. Jefferies Financial Group lifted their price objective on Sportradar Group from $23.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. JPMorgan Chase & Co. raised their target price on Sportradar Group from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 2nd. Finally, Canaccord Genuity Group boosted their price target on Sportradar Group from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, April 3rd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sportradar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.91.

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.