US Bancorp DE Invests $39,000 in Sportradar Group AG (NASDAQ:SRAD)

US Bancorp DE acquired a new position in Sportradar Group AG (NASDAQ:SRAD) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 2,225 shares of the company’s stock, valued at approximately $39,000.

Several other hedge funds have also recently made changes to their positions in SRAD. Portolan Capital Management LLC bought a new position in shares of Sportradar Group in the 3rd quarter worth about $12,061,000. New York State Common Retirement Fund bought a new position in shares of Sportradar Group in the 4th quarter worth about $12,887,000. Cambiar Investors LLC bought a new position in shares of Sportradar Group in the 4th quarter worth about $10,837,000. Janus Henderson Group PLC increased its position in Sportradar Group by 14.9% in the 3rd quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock valued at $43,384,000 after buying an additional 463,441 shares in the last quarter. Finally, Concentric Capital Strategies LP bought a new stake in Sportradar Group in the 3rd quarter valued at about $3,805,000.

Sportradar Group Stock Performance

Shares of SRAD opened at $20.08 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a 50 day moving average price of $20.79 and a two-hundred day moving average price of $16.76. The firm has a market capitalization of $22.32 billion, a P/E ratio of 100.41, a P/E/G ratio of 1.53 and a beta of 2.19. Sportradar Group AG has a 52 week low of $9.17 and a 52 week high of $22.94.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SRAD. Canaccord Genuity Group boosted their target price on Sportradar Group from $20.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. JMP Securities reaffirmed a “market outperform” rating and issued a $19.00 target price on shares of Sportradar Group in a research report on Monday, January 27th. Citigroup boosted their target price on Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Jefferies Financial Group boosted their target price on Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, Guggenheim began coverage on Sportradar Group in a research report on Wednesday, February 26th. They issued a “buy” rating and a $27.00 target price for the company. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.67.

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.