Sportradar Group AG (NASDAQ:SRAD) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP raised its holdings in shares of Sportradar Group AG (NASDAQ:SRAD) by 142.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,095 shares of the company’s stock after purchasing an additional 40,621 shares during the period. GSA Capital Partners LLP’s holdings in Sportradar Group were worth $837,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SRAD. Acadian Asset Management LLC acquired a new stake in Sportradar Group during the first quarter worth about $263,000. Quadrature Capital Ltd acquired a new stake in shares of Sportradar Group during the 1st quarter worth approximately $515,000. Lazard Asset Management LLC acquired a new stake in shares of Sportradar Group during the 1st quarter worth approximately $60,000. Aristides Capital LLC bought a new stake in shares of Sportradar Group in the 1st quarter worth approximately $281,000. Finally, Silvercrest Asset Management Group LLC boosted its position in Sportradar Group by 23.3% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 25,363 shares of the company’s stock valued at $295,000 after purchasing an additional 4,789 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SRAD shares. Jefferies Financial Group upgraded Sportradar Group from a “hold” rating to a “buy” rating and raised their target price for the company from $12.00 to $16.00 in a research note on Wednesday, August 14th. JPMorgan Chase & Co. upgraded shares of Sportradar Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $12.00 to $15.00 in a research report on Monday, October 21st. Canaccord Genuity Group restated a “buy” rating and issued a $16.00 target price on shares of Sportradar Group in a research report on Wednesday, August 14th. Benchmark lifted their price target on Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, JMP Securities raised Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price objective for the company in a report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.63.

Sportradar Group Stock Performance

Shares of NASDAQ SRAD opened at $16.94 on Friday. Sportradar Group AG has a 1 year low of $9.17 and a 1 year high of $17.52. The firm has a market cap of $18.83 billion, a P/E ratio of 84.70, a PEG ratio of 3.31 and a beta of 2.05. The stock has a fifty day moving average price of $12.82 and a two-hundred day moving average price of $11.53. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53.

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.