Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Holdings in Sportradar Group AG (NASDAQ:SRAD)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Sportradar Group AG (NASDAQ:SRAD) by 47.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,529 shares of the company’s stock after acquiring an additional 7,527 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Sportradar Group were worth $260,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Fifth Third Bancorp acquired a new position in Sportradar Group in the 3rd quarter valued at about $198,000. Federated Hermes Inc. raised its stake in shares of Sportradar Group by 19.5% during the third quarter. Federated Hermes Inc. now owns 5,013,112 shares of the company’s stock worth $50,181,000 after purchasing an additional 819,078 shares during the last quarter. Trexquant Investment LP lifted its holdings in shares of Sportradar Group by 46.4% during the third quarter. Trexquant Investment LP now owns 30,395 shares of the company’s stock worth $304,000 after purchasing an additional 9,640 shares during the period. 12 West Capital Management LP grew its position in Sportradar Group by 33.4% in the 3rd quarter. 12 West Capital Management LP now owns 3,638,303 shares of the company’s stock valued at $36,419,000 after buying an additional 909,933 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in Sportradar Group by 6.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 429,647 shares of the company’s stock valued at $4,748,000 after buying an additional 25,357 shares during the period.

Wall Street Analyst Weigh In

SRAD has been the topic of several analyst reports. Jefferies Financial Group lowered their target price on shares of Sportradar Group from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Tuesday, April 16th. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of Sportradar Group in a research note on Wednesday, March 20th. Citigroup lifted their price target on Sportradar Group from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Morgan Stanley increased their price objective on Sportradar Group from $11.00 to $11.50 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.67.

Sportradar Group Trading Up 1.0 %

NASDAQ:SRAD opened at $9.30 on Tuesday. Sportradar Group AG has a 52-week low of $8.08 and a 52-week high of $15.56. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $10.38 and a 200-day simple moving average of $10.30. The company has a market capitalization of $10.34 billion, a PE ratio of 77.50 and a beta of 2.02.

Sportradar Group (NASDAQ:SRAD) last announced its earnings results on Wednesday, March 20th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Sportradar Group had a net margin of 4.27% and a return on equity of 4.54%. The company had revenue of $271.98 million during the quarter, compared to analysts’ expectations of $267.36 million. On average, equities research analysts expect that Sportradar Group AG will post 0.3 earnings per share for the current fiscal year.

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.