AM Investment Strategies LLC Lowers Holdings in Sportradar Group AG (NASDAQ:SRAD)

AM Investment Strategies LLC trimmed its position in shares of Sportradar Group AG (NASDAQ:SRAD) by 89.9% during the 1st quarter, HoldingsChannel reports. The fund owned 46,690 shares of the company’s stock after selling 413,850 shares during the quarter. Sportradar Group makes up approximately 2.4% of AM Investment Strategies LLC’s investment portfolio, making the stock its 8th biggest holding. AM Investment Strategies LLC’s holdings in Sportradar Group were worth $9,960,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. bought a new stake in shares of Sportradar Group in the 4th quarter valued at approximately $3,626,000. Mackenzie Financial Corp acquired a new position in shares of Sportradar Group in the 4th quarter worth approximately $1,236,000. Renaissance Technologies LLC boosted its holdings in shares of Sportradar Group by 79.2% in the 4th quarter. Renaissance Technologies LLC now owns 382,310 shares of the company’s stock worth $6,629,000 after acquiring an additional 169,010 shares in the last quarter. Trexquant Investment LP boosted its holdings in shares of Sportradar Group by 39.0% in the 4th quarter. Trexquant Investment LP now owns 182,877 shares of the company’s stock worth $3,171,000 after acquiring an additional 51,350 shares in the last quarter. Finally, 1492 Capital Management LLC acquired a new position in shares of Sportradar Group in the 4th quarter worth approximately $2,170,000.

Wall Street Analysts Forecast Growth

SRAD has been the topic of several recent analyst reports. Guggenheim reissued a “buy” rating and issued a $27.00 target price on shares of Sportradar Group in a report on Thursday, April 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $27.00 price objective on shares of Sportradar Group in a report on Monday, May 12th. Canaccord Genuity Group upped their price objective on Sportradar Group from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, April 3rd. Benchmark upped their price objective on Sportradar Group from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, April 16th. Finally, JMP Securities upped their price objective on Sportradar Group from $25.00 to $30.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 15th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.25.

Sportradar Group Price Performance

SRAD opened at $28.15 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a 12 month low of $10.06 and a 12 month high of $30.63. The company has a fifty day simple moving average of $26.27 and a 200 day simple moving average of $23.23. The stock has a market cap of $31.32 billion, a P/E ratio of 148.17 and a beta of 2.07.

Sportradar Group (NASDAQ:SRAD) last released its quarterly earnings data on Monday, May 12th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $336.71 million during the quarter, compared to analysts’ expectations of $318.81 million. Sportradar Group had a net margin of 5.16% and a return on equity of 6.38%. The company’s quarterly revenue was up 17.0% on a year-over-year basis. On average, research analysts expect that Sportradar Group AG will post 0.15 EPS for the current year.

Sportradar Group 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.