Sportradar Group AG (SRAD)

Sportradar Group AG (NASDAQ:SRAD) Shares Bought by Truist Financial Corp

Truist Financial Corp lifted its holdings in Sportradar Group AG (NASDAQ:SRAD – Free Report) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,298 shares of the company’s stock after purchasing an additional 1,373 shares during the period. Truist Financial Corp’s holdings in Sportradar Group were worth $368,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also made changes to their positions in SRAD. Zurcher Kantonalbank Zurich Cantonalbank raised 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 worth $160,000 after purchasing an additional 15,657 shares during the period. Fifth Third Bancorp acquired a new stake in Sportradar Group during the 3rd quarter worth about $198,000. Federated Hermes Inc. lifted its stake in Sportradar Group by 19.5% during the third quarter. Federated Hermes Inc. now owns 5,013,112 shares of the company’s stock valued at $50,181,000 after buying an additional 819,078 shares in the last quarter. Trexquant Investment LP boosted its holdings in shares of 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 buying an additional 9,640 shares during the period. Finally, 12 West Capital Management LP increased its position in shares of Sportradar Group by 33.4% in the third quarter. 12 West Capital Management LP now owns 3,638,303 shares of the company’s stock worth $36,419,000 after acquiring an additional 909,933 shares in the last quarter. Sportradar Group Price Performance Shares of SRAD opened at $10.65 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $11.84 billion, a PE ratio of 118.35 and a beta of 2.02. The firm’s 50 day moving average price is $10.37 and its 200 day moving average price is $10.38. Sportradar Group AG has a twelve month low of $8.08 and a twelve month high of $15.56. Sportradar Group (NASDAQ:SRAD – Get Free Report) last released its quarterly earnings results on Wednesday, March 20th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $271.98 million for the quarter, compared to the consensus estimate of $267.36 million. Sportradar Group had a net margin of 2.90% and a return on equity of 3.41%. As a group, research analysts expect that Sportradar Group AG will post 0.27 EPS for the current fiscal year. Analyst Ratings Changes SRAD has been the subject of several research analyst reports. Morgan Stanley upped their price target 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. Jefferies Financial Group raised their target price on Sportradar Group from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday. Needham & Company LLC reissued a “buy” rating and set a $16.00 price target on shares of Sportradar Group in a research report on Thursday. Benchmark restated a “buy” rating and set a $12.00 price objective on shares of Sportradar Group in a research report on Thursday. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $16.00 target price on shares of Sportradar Group in a research note on Thursday, March 21st. Three 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 company presently has an average rating of “Moderate Buy” and an average price target of $13.94. Check Out Our Latest Research Report on Sportradar Group Sportradar Group Profile (Free Report) 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.