Exchange Traded Concepts LLC Reduces Position in Sportradar Group AG (NASDAQ:SRAD)

Exchange Traded Concepts LLC trimmed its holdings in Sportradar Group AG (NASDAQ:SRAD) by 44.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,255 shares of the company’s stock after selling 140,407 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Sportradar Group were worth $2,987,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Quarry LP lifted its position in Sportradar Group by 187.4% during the second quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after buying an additional 1,754 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Sportradar Group in the 3rd quarter worth $41,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Sportradar Group by 85.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock worth $48,000 after acquiring an additional 1,272 shares during the period. Barclays PLC boosted its position in shares of Sportradar Group by 3,098.9% during the 3rd quarter. Barclays PLC now owns 5,918 shares of the company’s stock valued at $72,000 after acquiring an additional 5,733 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Sportradar Group in the second quarter valued at about $75,000.

Sportradar Group Stock Performance

Shares of Sportradar Group stock opened at $20.75 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market capitalization of $23.06 billion, a price-to-earnings ratio of 103.76, a price-to-earnings-growth ratio of 1.42 and a beta of 2.18. The business has a 50-day moving average of $17.96 and a 200 day moving average of $14.15. Sportradar Group AG has a 12 month low of $9.17 and a 12 month high of $20.92.

Analysts Set New Price Targets

A number of brokerages have commented on SRAD. Morgan Stanley lifted their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. raised shares of Sportradar Group from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $12.00 to $15.00 in a research report on Monday, October 21st. Citigroup increased their price objective on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Needham & Company LLC restated a “buy” rating and issued a $16.00 target price on shares of Sportradar Group in a research report on Thursday, November 7th. Finally, JMP Securities increased their price target on Sportradar Group from $17.00 to $19.00 and gave the stock a “market outperform” rating in a report on Monday, January 6th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Sportradar Group currently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Sportradar Group Company 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.