First Trust Advisors LP Has $1.15 Million Holdings in Sportradar Group AG $SRAD

First Trust Advisors LP increased its stake in Sportradar Group AG (NASDAQ:SRAD) by 507.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 68,877 shares of the company’s stock after purchasing an additional 57,543 shares during the quarter. First Trust Advisors LP’s holdings in Sportradar Group were worth $1,153,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SRAD. Wealth High Governance Capital Ltda grew its holdings in Sportradar Group by 144.1% in the 4th quarter. Wealth High Governance Capital Ltda now owns 366,157 shares of the company’s stock valued at $8,704,000 after buying an additional 216,159 shares during the last quarter. UBS Group AG grew its position in Sportradar Group by 107.1% during the fourth quarter. UBS Group AG now owns 2,394,126 shares of the company’s stock worth $56,908,000 after buying an additional 1,238,054 shares in the last quarter. Stephens Investment Management Group LLC acquired a new stake in Sportradar Group during the fourth quarter worth about $52,643,000. Asset Management One Co. Ltd. bought a new position in Sportradar Group during the fourth quarter valued at about $2,941,000. Finally, BW Gestao de Investimentos Ltda. increased its stake in Sportradar Group by 133.8% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 233,843 shares of the company’s stock valued at $5,558,000 after acquiring an additional 133,841 shares during the period.

Sportradar Group Price Performance

Shares of SRAD stock opened at $13.02 on Monday. The firm’s 50 day moving average is $14.79 and its 200-day moving average is $15.84. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 217.04 and a beta of 1.61. Sportradar Group AG has a 1 year low of $11.55 and a 1 year high of $32.22. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.06.

Sportradar Group (NASDAQ:SRAD) last released its earnings results on Tuesday, June 30th. The company reported ($0.01) earnings per share for the quarter. Sportradar Group had a return on equity of 1.89% and a net margin of 1.23%.The firm had revenue of $431.19 million for the quarter. Sell-side analysts forecast that Sportradar Group AG will post 0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SRAD has been the subject of a number of research reports. Weiss Ratings upgraded Sportradar Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. cut their target price on Sportradar Group from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. Freedom Capital raised Sportradar Group to a “strong-buy” rating in a research report on Monday, July 20th. Wells Fargo & Company set a $20.00 price objective on shares of Sportradar Group in a research note on Tuesday, August 4th. Finally, Truist Financial lowered their target price on shares of Sportradar Group from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $20.31.

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.