Rice Hall James & Associates LLC Makes New $21.50 Million Investment in Sportradar Group AG $SRAD

Rice Hall James & Associates LLC acquired a new stake in shares of Sportradar Group AG (NASDAQ:SRAD) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 799,217 shares of the company’s stock, valued at approximately $21,499,000. Sportradar Group makes up about 1.2% of Rice Hall James & Associates LLC’s portfolio, making the stock its 24th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Hsbc Holdings PLC lifted its position in Sportradar Group by 14.9% in the 1st quarter. Hsbc Holdings PLC now owns 24,640 shares of the company’s stock valued at $531,000 after acquiring an additional 3,202 shares in the last quarter. Trexquant Investment LP grew its stake in shares of Sportradar Group by 9.9% in the 1st quarter. Trexquant Investment LP now owns 200,946 shares of the company’s stock worth $4,344,000 after acquiring an additional 18,069 shares in the last quarter. Driehaus Capital Management LLC bought a new position in shares of Sportradar Group during the first quarter valued at about $48,596,000. Magnetar Financial LLC purchased a new position in Sportradar Group during the first quarter worth about $260,000. Finally, Twin Tree Management LP bought a new stake in Sportradar Group in the 1st quarter worth about $88,000.

Sportradar Group Price Performance

NASDAQ SRAD opened at $23.10 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.05. The company has a market cap of $6.92 billion, a PE ratio of 72.19 and a beta of 2.02. Sportradar Group AG has a 52 week low of $16.85 and a 52 week high of $32.22. The firm’s 50-day simple moving average is $23.50 and its two-hundred day simple moving average is $26.78.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $342.71 million during the quarter, compared to the consensus estimate of $295.04 million. Sportradar Group had a net margin of 7.84% and a return on equity of 9.97%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last year, the firm earned $0.11 EPS. Research analysts predict that Sportradar Group AG will post 0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

SRAD has been the topic of several recent analyst reports. JMP Securities lifted their target price on shares of Sportradar Group from $30.00 to $36.00 and gave the stock a “market outperform” rating in a research report on Wednesday, September 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a research report on Monday. Roth Capital started coverage on Sportradar Group in a research note on Friday, September 12th. They issued a “buy” rating and a $40.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Sportradar Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Finally, Zacks Research lowered shares of Sportradar Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Sportradar Group presently has a consensus rating of “Moderate Buy” and an average price target of $31.56.

About Sportradar Group

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.