Fortress Investment Group LLC Acquires 340,560 Shares of Sportradar Group AG $SRAD

Fortress Investment Group LLC increased its holdings in Sportradar Group AG (NASDAQ:SRAD) by 81.2% during the third quarter, HoldingsChannel reports. The fund owned 760,000 shares of the company’s stock after acquiring an additional 340,560 shares during the quarter. Sportradar Group accounts for about 2.7% of Fortress Investment Group LLC’s investment portfolio, making the stock its 12th biggest holding. Fortress Investment Group LLC’s holdings in Sportradar Group were worth $20,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in SRAD. Bank of America Corp DE increased its holdings in Sportradar Group by 491.6% during the 3rd quarter. Bank of America Corp DE now owns 1,728,426 shares of the company’s stock worth $46,495,000 after purchasing an additional 1,436,263 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of Sportradar Group in the third quarter valued at approximately $2,343,000. Ameriprise Financial Inc. boosted its position in shares of Sportradar Group by 80.0% during the third quarter. Ameriprise Financial Inc. now owns 135,232 shares of the company’s stock valued at $3,635,000 after buying an additional 60,108 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Sportradar Group by 33.2% during the third quarter. Lazard Asset Management LLC now owns 221,646 shares of the company’s stock valued at $5,962,000 after buying an additional 55,194 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in Sportradar Group by 251.5% during the third quarter. Squarepoint Ops LLC now owns 143,531 shares of the company’s stock worth $3,861,000 after buying an additional 102,693 shares in the last quarter.

Sportradar Group Stock Down 2.4%

SRAD stock opened at $18.66 on Monday. The stock’s fifty day simple moving average is $18.53 and its two-hundred day simple moving average is $23.10. The company has a current ratio of 1.17, a quick ratio of 1.36 and a debt-to-equity ratio of 0.05. Sportradar Group AG has a 1-year low of $15.73 and a 1-year high of $32.22. The stock has a market cap of $5.59 billion, a P/E ratio of 56.55 and a beta of 2.00.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. BTIG Research lowered their price target on Sportradar Group from $32.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. The Goldman Sachs Group cut their price objective on shares of Sportradar Group from $35.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, March 4th. Truist Financial set a $32.00 target price on shares of Sportradar Group in a report on Tuesday, March 3rd. Stifel Nicolaus started coverage on shares of Sportradar Group in a research report on Thursday, January 22nd. They set a “buy” rating and a $28.00 price target on the stock. Finally, Guggenheim restated a “buy” rating on shares of Sportradar Group in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Sportradar Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.16.

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.