Jump Financial LLC Buys Shares of 27,337 Sportradar Group AG (NASDAQ:SRAD)

Jump Financial LLC purchased a new position in Sportradar Group AG (NASDAQ:SRAD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 27,337 shares of the company’s stock, valued at approximately $302,000.

A number of other hedge funds have also recently made changes to their positions in SRAD. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Sportradar Group by 4,538.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,002 shares of the company’s stock valued at $160,000 after buying an additional 15,657 shares during the last quarter. 12 West Capital Management LP lifted its position in Sportradar Group by 33.4% during the third quarter. 12 West Capital Management LP now owns 3,638,303 shares of the company’s stock valued at $36,419,000 after acquiring an additional 909,933 shares during the last quarter. Mendota Financial Group LLC acquired a new stake in Sportradar Group in the fourth quarter valued at approximately $138,000. Fifth Third Bancorp grew its holdings in Sportradar Group by 11.1% in the fourth quarter. Fifth Third Bancorp now owns 22,005 shares of the company’s stock worth $243,000 after purchasing an additional 2,201 shares during the last quarter. Finally, Trexquant Investment LP grew its holdings in Sportradar Group by 46.4% in 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 last quarter.

Sportradar Group Stock Performance

SRAD opened at $10.45 on Friday. The firm has a 50 day moving average of $10.42 and a two-hundred day moving average of $10.41. The firm has a market capitalization of $11.61 billion, a PE ratio of 116.12 and a beta of 2.02. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.05. Sportradar Group AG has a 12-month low of $8.08 and a 12-month high of $15.56.

Sportradar Group (NASDAQ:SRAD) last posted its earnings results on Wednesday, March 20th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Sportradar Group had a net margin of 2.90% and a return on equity of 3.35%. The company had revenue of $271.98 million during the quarter, compared to the consensus estimate of $267.36 million. On average, analysts anticipate that Sportradar Group AG will post 0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SRAD. Citigroup raised their price objective on Sportradar Group from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Needham & Company LLC restated a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a research note on Thursday, May 16th. Morgan Stanley increased their price objective on shares of Sportradar Group from $11.00 to $11.50 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Canaccord Genuity Group reissued a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a research report on Thursday, March 21st. Finally, Benchmark reaffirmed a “buy” rating and issued a $12.00 price target on shares of Sportradar Group in a report on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sportradar Group currently has a consensus rating of “Moderate Buy” and an average price target of $13.94.

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.