Healthcare of Ontario Pension Plan Trust Fund Grows Stock Position in Sportradar Group AG $SRAD

Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Sportradar Group AG (NASDAQ:SRAD) by 29.3% in the 1st quarter, HoldingsChannel reports. The firm owned 253,581 shares of the company’s stock after purchasing an additional 57,455 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Sportradar Group were worth $4,245,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SRAD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Sportradar Group in the 1st quarter valued at about $573,000. Goldman Sachs Group Inc. increased its stake in shares of Sportradar Group by 175.4% during the first quarter. Goldman Sachs Group Inc. now owns 610,384 shares of the company’s stock worth $13,197,000 after buying an additional 388,769 shares during the period. Geode Capital Management LLC raised its holdings in Sportradar Group by 5.3% in the second quarter. Geode Capital Management LLC now owns 182,112 shares of the company’s stock valued at $5,114,000 after acquiring an additional 9,162 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Sportradar Group in the second quarter valued at approximately $316,000. Finally, Legal & General Group Plc purchased a new position in Sportradar Group in the second quarter worth approximately $260,000.

Sportradar Group Stock Performance

Shares of Sportradar Group stock opened at $14.70 on Friday. The firm has a market capitalization of $4.40 billion, a P/E ratio of 61.25 and a beta of 1.60. Sportradar Group AG has a 52 week low of $11.66 and a 52 week high of $32.22. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average is $14.79 and its two-hundred day moving average is $16.12.

Sportradar Group (NASDAQ:SRAD) last issued its quarterly earnings data on Wednesday, April 29th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.08). Sportradar Group had a return on equity of 7.28% and a net margin of 5.20%.The company had revenue of $401.11 million for the quarter, compared to analysts’ expectations of $417.86 million. During the same quarter in the prior year, the firm posted $0.07 EPS. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. Research analysts forecast that Sportradar Group AG will post 0.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Sportradar Group from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Guggenheim decreased their price objective on shares of Sportradar Group from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Citizens Jmp lowered their target price on shares of Sportradar Group from $26.00 to $24.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 8th. Morgan Stanley boosted their target price on shares of Sportradar Group from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Finally, Freedom Capital raised Sportradar Group to a “strong-buy” rating in a report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.47.

About Sportradar Group

Sportradar Group is a global leader in digital sports data and content, delivering real-time statistics, analytics and sports betting solutions to clients across the gaming, media and sports federation sectors. The company aggregates and processes live data from more than 800,000 sporting events each year, providing feeds for pre-match and in-play odds, visualization tools and managed trading services. Its products also include integrity services, which monitor betting markets for irregularities and help sports organizations safeguard competition outcomes.

Founded in 2001 and headquartered in St.