Walleye Capital LLC Purchases New Position in Sportradar Group AG (NASDAQ:SRAD)

Walleye Capital LLC purchased a new stake in Sportradar Group AG (NASDAQ:SRADGet Rating) during the 2nd quarter, HoldingsChannel reports. The fund purchased 19,673 shares of the company’s stock, valued at approximately $155,000.

Several other institutional investors have also bought and sold shares of SRAD. Toroso Investments LLC acquired a new stake in Sportradar Group in the 1st quarter valued at $174,000. Jane Street Group LLC boosted its stake in Sportradar Group by 615.3% in the first quarter. Jane Street Group LLC now owns 12,367 shares of the company’s stock worth $206,000 after purchasing an additional 14,767 shares in the last quarter. First Trust Advisors LP acquired a new position in Sportradar Group in the first quarter worth $218,000. Appleton Partners Inc. MA boosted its stake in Sportradar Group by 24.3% in the second quarter. Appleton Partners Inc. MA now owns 45,392 shares of the company’s stock worth $359,000 after purchasing an additional 8,865 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Sportradar Group by 929.1% in the first quarter. Bank of America Corp DE now owns 114,945 shares of the company’s stock worth $1,913,000 after purchasing an additional 103,776 shares in the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SRAD shares. Bank of America lowered Sportradar Group from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $14.00 to $8.00 in a research note on Tuesday, October 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on Sportradar Group from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. Canaccord Genuity Group boosted their price objective on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. Finally, Needham & Company LLC boosted their target price on Sportradar Group from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, August 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.50.

Sportradar Group Trading Down 4.7 %

NASDAQ SRAD opened at $11.44 on Friday. The stock has a 50-day simple moving average of $9.41 and a 200 day simple moving average of $9.62. The company has a current ratio of 2.06, a quick ratio of 2.98 and a debt-to-equity ratio of 0.29. Sportradar Group AG has a 12 month low of $7.10 and a 12 month high of $21.98.

Sportradar Group (NASDAQ:SRADGet Rating) last released its quarterly earnings data on Wednesday, August 17th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The company had revenue of $188.79 million during the quarter, compared to the consensus estimate of $176.91 million. On average, analysts expect that Sportradar Group AG will post 0.19 earnings per share for the current fiscal year.

Sportradar Group Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Sportradar Group (NASDAQ:SRAD)

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