Trexquant Investment LP Acquires 51,350 Shares of Sportradar Group AG (NASDAQ:SRAD)

Trexquant Investment LP grew its holdings in Sportradar Group AG (NASDAQ:SRAD) by 39.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 182,877 shares of the company’s stock after purchasing an additional 51,350 shares during the quarter. Trexquant Investment LP’s holdings in Sportradar Group were worth $3,171,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SRAD. Walleye Capital LLC bought a new stake in Sportradar Group in the third quarter worth $651,000. Verition Fund Management LLC acquired a new stake in shares of Sportradar Group in the third quarter worth about $406,000. Centiva Capital LP boosted its stake in shares of Sportradar Group by 66.1% during the 3rd quarter. Centiva Capital LP now owns 38,172 shares of the company’s stock worth $462,000 after acquiring an additional 15,187 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Sportradar Group by 1,340.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 96,500 shares of the company’s stock valued at $1,169,000 after acquiring an additional 89,800 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Sportradar Group in the 3rd quarter valued at approximately $479,000.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SRAD shares. Morgan Stanley raised their target price on shares of Sportradar Group from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. raised their price target on Sportradar Group from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, April 2nd. Citigroup boosted their price objective on Sportradar Group from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. JMP Securities reaffirmed a “market outperform” rating and issued a $19.00 target price on shares of Sportradar Group in a report on Monday, January 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $27.00 price target on shares of Sportradar Group in a report on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Sportradar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

Sportradar Group Stock Down 4.1 %

Shares of Sportradar Group stock opened at $20.32 on Monday. The company has a market capitalization of $22.61 billion, a P/E ratio of 101.61, a price-to-earnings-growth ratio of 1.53 and a beta of 2.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The business has a 50-day moving average of $21.39 and a two-hundred day moving average of $17.71. Sportradar Group AG has a 1 year low of $9.17 and a 1 year high of $23.60.

Sportradar Group (NASDAQ:SRAD) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.04). The company had revenue of $307.00 million during the quarter, compared to the consensus estimate of $294.60 million. Sportradar Group had a net margin of 5.61% and a return on equity of 6.69%. As a group, equities analysts predict that Sportradar Group AG will post 0.15 EPS for the current year.

Sportradar Group Company Profile

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.