Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $1.98 Million in Sportradar Group AG (NASDAQ:SRAD)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Sportradar Group AG (NASDAQ:SRAD) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 114,200 shares of the company’s stock, valued at approximately $1,980,000.

Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Sportradar Group during the 4th quarter valued at $28,000. US Bancorp DE purchased a new stake in Sportradar Group during the fourth quarter worth about $39,000. Point72 Hong Kong Ltd bought a new stake in Sportradar Group in the third quarter worth about $41,000. R Squared Ltd purchased a new position in Sportradar Group in the fourth quarter valued at about $44,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Sportradar Group by 85.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock valued at $48,000 after acquiring an additional 1,272 shares during the period.

Sportradar Group Stock Performance

Shares of SRAD opened at $22.99 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $21.10 and a 200-day moving average price of $17.07. The company has a market cap of $25.55 billion, a PE ratio of 114.96, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19. Sportradar Group AG has a 12-month low of $9.17 and a 12-month high of $23.15.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Wednesday, March 19th. The company reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04). The company had revenue of $307.00 million during the quarter, compared to analysts’ expectations of $294.60 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. As a group, equities analysts forecast that Sportradar Group AG will post 0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on SRAD. Jefferies Financial Group raised their target price on Sportradar Group from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Guggenheim began coverage on Sportradar Group in a research note on Wednesday, February 26th. They issued a “buy” rating and a $27.00 price objective on the stock. Canaccord Genuity Group increased their target price on shares of Sportradar Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Citigroup boosted their price target on shares of Sportradar Group from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $19.00 price objective on shares of Sportradar Group in a report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Sportradar Group presently has a consensus rating of “Moderate Buy” and an average price target of $24.67.

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.