Healthcare of Ontario Pension Plan Trust Fund Boosts Stake in Sportradar Group AG $SRAD

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Sportradar Group AG (NASDAQ:SRAD) by 29.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 253,581 shares of the company’s stock after purchasing an additional 57,455 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.08% of Sportradar Group worth $4,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of SRAD. T. Rowe Price Investment Management Inc. increased its position in shares of Sportradar Group by 19.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 12,080,674 shares of the company’s stock worth $287,158,000 after purchasing an additional 1,929,037 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Sportradar Group by 14.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,175,498 shares of the company’s stock valued at $85,421,000 after buying an additional 409,545 shares during the last quarter. Jericho Capital Asset Management L.P. purchased a new position in Sportradar Group during the fourth quarter worth about $75,117,000. Stephens Investment Management Group LLC boosted its stake in Sportradar Group by 40.7% during the first quarter. Stephens Investment Management Group LLC now owns 3,116,297 shares of the company’s stock worth $52,167,000 after buying an additional 901,619 shares during the period. Finally, Invesco Ltd. boosted its stake in Sportradar Group by 0.5% during the third quarter. Invesco Ltd. now owns 2,988,207 shares of the company’s stock worth $80,383,000 after buying an additional 15,394 shares during the period.

Analysts Set New Price Targets

SRAD has been the topic of a number of research analyst reports. Needham & Company LLC boosted their price target on shares of Sportradar Group from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Citigroup lowered their price objective on shares of Sportradar Group from $28.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Wells Fargo & Company dropped their target price on shares of Sportradar Group from $24.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Morgan Stanley boosted their target price on Sportradar Group from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. upped their price target on Sportradar Group from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.47.

Sportradar Group Stock Down 1.7%

Shares of SRAD opened at $14.70 on Friday. The stock has a market capitalization of $4.40 billion, a PE ratio of 61.25 and a beta of 1.60. Sportradar Group AG has a 1 year low of $11.66 and a 1 year high of $32.22. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.06. The company’s 50-day simple moving average is $14.79 and its 200-day simple moving average is $16.12.

Sportradar Group (NASDAQ:SRAD) last announced its quarterly earnings data on Wednesday, April 29th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). Sportradar Group had a net margin of 5.20% and a return on equity of 7.28%. The business had revenue of $401.11 million during the quarter, compared to analyst estimates of $417.86 million. During the same quarter last year, the firm posted $0.07 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Analysts forecast that Sportradar Group AG will post 0.39 earnings per share for the current fiscal year.

Sportradar Group 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.