Shaker Investments LLC OH Acquires 22,059 Shares of Sportradar Group AG (NASDAQ:SRAD)

Shaker Investments LLC OH increased its holdings in shares of Sportradar Group AG (NASDAQ:SRAD) by 102.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,673 shares of the company’s stock after purchasing an additional 22,059 shares during the period. Shaker Investments LLC OH’s holdings in Sportradar Group were worth $757,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Point72 Hong Kong Ltd acquired a new position in shares of Sportradar Group in the third quarter valued at approximately $41,000. R Squared Ltd bought a new stake in Sportradar Group in the 4th quarter valued at $44,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Sportradar Group by 85.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock worth $48,000 after purchasing an additional 1,272 shares during the period. Barclays PLC increased its holdings in Sportradar Group by 3,098.9% during the 3rd quarter. Barclays PLC now owns 5,918 shares of the company’s stock worth $72,000 after purchasing an additional 5,733 shares in the last quarter. Finally, nVerses Capital LLC raised its stake in shares of Sportradar Group by 45.5% in the 3rd quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock valued at $78,000 after purchasing an additional 2,000 shares during the period.

Sportradar Group Price Performance

Shares of SRAD opened at $21.39 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The company’s fifty day simple moving average is $18.79 and its 200 day simple moving average is $14.94. Sportradar Group AG has a 1-year low of $9.17 and a 1-year high of $22.50. The company has a market cap of $23.77 billion, a price-to-earnings ratio of 106.96, a PEG ratio of 1.49 and a beta of 2.21.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Morgan Stanley upped their price objective on Sportradar Group from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Citigroup upped their price target on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. JMP Securities reiterated a “market outperform” rating and issued a $19.00 price objective on shares of Sportradar Group in a report on Monday, January 27th. Jefferies Financial Group increased their target price on shares of Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Benchmark raised their target price on shares of Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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.