Occudo Quantitative Strategies LP Acquires Shares of 50,626 Sportradar Group AG (NASDAQ:SRAD)

Occudo Quantitative Strategies LP acquired a new position in shares of Sportradar Group AG (NASDAQ:SRAD) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 50,626 shares of the company’s stock, valued at approximately $878,000.

Several other institutional investors have also modified their holdings of the company. National Bank of Canada FI increased its holdings in Sportradar Group by 1,366.4% in the fourth quarter. National Bank of Canada FI now owns 1,569 shares of the company’s stock valued at $27,000 after buying an additional 1,462 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Sportradar Group in the 4th quarter valued at about $28,000. US Bancorp DE purchased a new position in shares of Sportradar Group in the 4th quarter valued at about $39,000. Loomis Sayles & Co. L P acquired a new stake in shares of Sportradar Group during the 4th quarter worth about $43,000. Finally, R Squared Ltd purchased a new stake in Sportradar Group during the fourth quarter worth approximately $44,000.

Wall Street Analysts Forecast Growth

SRAD has been the topic of several recent analyst reports. Citigroup increased their price target on shares of Sportradar Group from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. BTIG Research began coverage on shares of Sportradar Group in a report on Friday, April 11th. They issued a “buy” rating and a $28.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and set a $27.00 price target on shares of Sportradar Group in a research note on Monday. Morgan Stanley boosted their price target on shares of Sportradar Group from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 16th. Finally, Guggenheim restated a “buy” rating and issued a $27.00 price objective on shares of Sportradar Group in a research note on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Sportradar Group Trading Up 0.7%

Shares of Sportradar Group stock opened at $23.33 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market capitalization of $25.96 billion, a P/E ratio of 116.66, a PEG ratio of 1.53 and a beta of 2.08. Sportradar Group AG has a 1 year low of $9.30 and a 1 year high of $25.85. The company’s fifty day moving average is $22.22 and its two-hundred day moving average is $19.77.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings results on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $336.71 million for the quarter, compared to analyst estimates of $318.81 million. Sportradar Group had a return on equity of 6.69% and a net margin of 5.61%. The company’s quarterly revenue was up 17.0% on a year-over-year basis. Analysts forecast that Sportradar Group AG will post 0.15 earnings per share for the current year.

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.