Greenhouse Funds LLLP Boosts Stock Holdings in Sportradar Group AG $SRAD

Greenhouse Funds LLLP increased its stake in Sportradar Group AG (NASDAQ:SRAD) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,971,654 shares of the company’s stock after buying an additional 129,276 shares during the period. Sportradar Group accounts for about 9.2% of Greenhouse Funds LLLP’s portfolio, making the stock its largest position. Greenhouse Funds LLLP owned 0.72% of Sportradar Group worth $223,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. ORG Partners LLC increased its position in shares of Sportradar Group by 2,137.8% during the second quarter. ORG Partners LLC now owns 1,007 shares of the company’s stock worth $28,000 after acquiring an additional 962 shares during the period. TD Private Client Wealth LLC increased its holdings in Sportradar Group by 3,058.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 1,579 shares of the company’s stock worth $44,000 after purchasing an additional 1,529 shares during the period. Atlas Capital Advisors Inc. bought a new stake in Sportradar Group during the 1st quarter valued at $52,000. Battery Global Advisors LLC raised its position in Sportradar Group by 2,800.0% during the 1st quarter. Battery Global Advisors LLC now owns 2,755 shares of the company’s stock valued at $60,000 after purchasing an additional 2,660 shares in the last quarter. Finally, Twin Tree Management LP purchased a new stake in shares of Sportradar Group in the 1st quarter worth $88,000.

Sportradar Group Stock Up 0.2%

Shares of Sportradar Group stock opened at $21.99 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.04. The company has a market cap of $6.59 billion, a P/E ratio of 61.08 and a beta of 2.02. The firm’s 50 day moving average price is $24.86 and its 200-day moving average price is $26.94. Sportradar Group AG has a 52-week low of $16.27 and a 52-week high of $32.22.

Sportradar Group (NASDAQ:SRAD) last posted its earnings results on Wednesday, November 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Sportradar Group had a net margin of 9.35% and a return on equity of 11.74%. The firm had revenue of $342.71 million for the quarter, compared to analysts’ expectations of $295.04 million. During the same period in the previous year, the company earned $0.11 EPS. The company’s revenue was up 14.5% on a year-over-year basis. On average, sell-side analysts predict that Sportradar Group AG will post 0.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Needham & Company LLC raised their price target on Sportradar Group from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. increased their target price on shares of Sportradar Group from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Wells Fargo & Company initiated coverage on shares of Sportradar Group in a report on Tuesday, November 18th. They issued an “overweight” rating and a $30.00 price target for the company. Roth Capital began coverage on shares of Sportradar Group in a research note on Friday, September 12th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Sportradar Group in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.78.

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.