Silvercrest Asset Management Group LLC Has $755,000 Holdings in Sportradar Group AG (NASDAQ:SRAD)

Silvercrest Asset Management Group LLC raised its position in Sportradar Group AG (NASDAQ:SRAD) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 43,530 shares of the company’s stock after acquiring an additional 691 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Sportradar Group were worth $755,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of Sportradar Group by 3.7% in the 4th quarter. LPL Financial LLC now owns 35,663 shares of the company’s stock worth $618,000 after purchasing an additional 1,287 shares in the last quarter. XTX Topco Ltd lifted its holdings in shares of Sportradar Group by 5.8% in the 4th quarter. XTX Topco Ltd now owns 25,591 shares of the company’s stock worth $444,000 after purchasing an additional 1,414 shares in the last quarter. National Bank of Canada FI lifted 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 worth $27,000 after purchasing an additional 1,462 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Sportradar Group by 143.3% in the 4th quarter. Huntington National Bank now owns 2,613 shares of the company’s stock worth $45,000 after purchasing an additional 1,539 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Sportradar Group in the 4th quarter worth $28,000.

Sportradar Group Stock Performance

Shares of SRAD stock opened at $23.72 on Wednesday. The firm has a 50-day moving average of $22.59 and a 200-day moving average of $20.15. The company has a market cap of $26.39 billion, a P/E ratio of 118.61, a P/E/G ratio of 1.53 and a beta of 2.08. 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 AG has a one year low of $9.94 and a one year high of $25.85.

Sportradar Group (NASDAQ:SRAD) last announced its earnings results on Monday, May 12th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The company had revenue of $336.71 million during the quarter, compared to the consensus estimate of $318.81 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. The company’s quarterly revenue was up 17.0% on a year-over-year basis. Equities research analysts forecast that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Canaccord Genuity Group increased their target price on Sportradar Group from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, April 3rd. BTIG Research assumed coverage on Sportradar Group in a report on Friday, April 11th. They issued a “buy” rating and a $28.00 target price on the stock. Guggenheim reiterated a “buy” rating and issued a $27.00 target price on shares of Sportradar Group in a report on Thursday, April 3rd. UBS Group increased their target price on Sportradar Group from $24.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, April 8th. Finally, Citigroup increased their target price on Sportradar Group from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

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.