Quantbot Technologies LP Invests $1.15 Million in Sportradar Group AG $SRAD

Quantbot Technologies LP acquired a new stake in shares of Sportradar Group AG (NASDAQ:SRAD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 42,690 shares of the company’s stock, valued at approximately $1,148,000.

A number of other institutional investors have also made changes to their positions in SRAD. Massachusetts Financial Services Co. MA boosted its position in Sportradar Group by 39.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,104,947 shares of the company’s stock worth $164,223,000 after purchasing an additional 1,721,495 shares during the period. Greenhouse Funds LLLP raised its position in shares of Sportradar Group by 1.6% in the second quarter. Greenhouse Funds LLLP now owns 7,971,654 shares of the company’s stock valued at $223,844,000 after purchasing an additional 129,276 shares during the period. TD Asset Management Inc raised its position in shares of Sportradar Group by 560.3% in the third quarter. TD Asset Management Inc now owns 542,094 shares of the company’s stock valued at $14,582,000 after purchasing an additional 460,000 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Sportradar Group by 200.0% in the second quarter. Hsbc Holdings PLC now owns 73,912 shares of the company’s stock worth $2,060,000 after buying an additional 49,272 shares during the last quarter. Finally, Calamos Advisors LLC acquired a new stake in shares of Sportradar Group in the second quarter worth $1,246,000.

Analysts Set New Price Targets

A number of research firms recently issued reports on SRAD. Wells Fargo & Company lowered their target price on shares of Sportradar Group from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday. Truist Financial set a $32.00 target price on shares of Sportradar Group in a research report on Tuesday. UBS Group dropped their target price on shares of Sportradar Group from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Guggenheim reiterated a “buy” rating on shares of Sportradar Group in a research note on Tuesday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.16.

Sportradar Group Stock Performance

SRAD opened at $18.55 on Friday. The stock’s 50 day simple moving average is $19.04 and its 200-day simple moving average is $23.65. The company has a current ratio of 1.17, a quick ratio of 1.36 and a debt-to-equity ratio of 0.05. The stock has a market cap of $5.55 billion, a PE ratio of 56.21 and a beta of 2.00. Sportradar Group AG has a 1 year low of $15.73 and a 1 year high of $32.22.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). The business had revenue of $432.81 million for the quarter, compared to analyst estimates of $369.59 million. Sportradar Group had a return on equity of 10.32% and a net margin of 7.73%.The company’s quarterly revenue was up 20.2% compared to the same quarter last year. Sell-side analysts forecast that Sportradar Group AG will post 0.15 EPS for the current year.

Sportradar Group Company Profile

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.