Zevenbergen Capital Investments LLC Invests $3.96 Million in Sportradar Group AG (NASDAQ:SRAD)

Zevenbergen Capital Investments LLC purchased a new position in shares of Sportradar Group AG (NASDAQ:SRAD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 228,600 shares of the company’s stock, valued at approximately $3,964,000.

A number of other institutional investors have also recently bought and sold shares of the business. Portolan Capital Management LLC bought a new position in shares of Sportradar Group during the third quarter valued at $12,061,000. New York State Common Retirement Fund acquired a new stake in Sportradar Group in the fourth quarter worth about $12,887,000. Cambiar Investors LLC acquired a new stake in Sportradar Group in the fourth quarter worth about $10,837,000. Janus Henderson Group PLC grew its position in shares of Sportradar Group by 14.9% during the 3rd quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock worth $43,384,000 after buying an additional 463,441 shares during the period. Finally, Concentric Capital Strategies LP acquired a new position in shares of Sportradar Group during the 3rd quarter worth about $3,805,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Sportradar Group from $20.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday. Needham & Company LLC boosted their price objective on Sportradar Group from $18.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday. Guggenheim began coverage on Sportradar Group in a research report on Wednesday, February 26th. They issued a “buy” rating and a $27.00 price objective for the company. Canaccord Genuity Group boosted their price objective on Sportradar Group from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Benchmark boosted their price objective on Sportradar Group from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.67.

Sportradar Group Stock Up 0.1 %

SRAD stock opened at $22.32 on Monday. 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 $24.81 billion, a price-to-earnings ratio of 111.61, a PEG ratio of 1.53 and a beta of 2.19. The business’s fifty day moving average price is $21.01 and its two-hundred day moving average price is $16.99. Sportradar Group AG has a fifty-two week low of $9.17 and a fifty-two week high of $23.00.

About Sportradar Group

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.