Shaker Investments LLC OH Acquires Shares of 21,614 Sportradar Group AG (NASDAQ:SRAD)

Shaker Investments LLC OH acquired a new stake in Sportradar Group AG (NASDAQ:SRAD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,614 shares of the company’s stock, valued at approximately $262,000.

Several other institutional investors also recently bought and sold shares of SRAD. Quarry LP boosted its stake in shares of Sportradar Group by 187.4% in the second quarter. Quarry LP now owns 2,690 shares of the company’s stock worth $30,000 after acquiring an additional 1,754 shares during the last quarter. nVerses Capital LLC boosted its stake in shares of Sportradar Group by 120.0% in the second quarter. nVerses Capital LLC now owns 4,400 shares of the company’s stock worth $49,000 after acquiring an additional 2,400 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Sportradar Group in the first quarter worth approximately $60,000. Point72 Asset Management L.P. acquired a new stake in shares of Sportradar Group in the second quarter worth approximately $75,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of Sportradar Group in the first quarter worth approximately $158,000.

Sportradar Group Trading Up 2.0 %

NASDAQ:SRAD opened at $12.41 on Friday. Sportradar Group AG has a 1 year low of $8.08 and a 1 year high of $12.97. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market cap of $13.79 billion, a P/E ratio of 137.90, a P/E/G ratio of 15.32 and a beta of 2.06. The stock has a 50-day simple moving average of $11.71 and a 200-day simple moving average of $11.01.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SRAD shares. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a research report on Wednesday, August 14th. Benchmark lifted their price objective on Sportradar Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley lifted their price objective on Sportradar Group from $11.50 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, July 12th. Canaccord Genuity Group reiterated a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a research report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. began coverage on Sportradar Group in a research report on Tuesday, June 18th. They issued a “neutral” rating and a $12.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.88.

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.