nVerses Capital LLC Raises Stock Position in Sportradar Group AG (NASDAQ:SRAD)

nVerses Capital LLC lifted its holdings in Sportradar Group AG (NASDAQ:SRAD) by 120.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,400 shares of the company’s stock after purchasing an additional 2,400 shares during the period. nVerses Capital LLC’s holdings in Sportradar Group were worth $49,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Roubaix Capital LLC grew its stake in shares of Sportradar Group by 47.1% in the fourth quarter. Roubaix Capital LLC now owns 356,795 shares of the company’s stock worth $3,943,000 after acquiring an additional 114,238 shares in the last quarter. Jump Financial LLC purchased a new position in Sportradar Group in the fourth quarter valued at $302,000. Lazard Asset Management LLC acquired a new position in Sportradar Group during the 1st quarter worth $60,000. Quadrature Capital Ltd purchased a new stake in Sportradar Group during the 1st quarter worth about $515,000. Finally, Acadian Asset Management LLC acquired a new stake in Sportradar Group in the 1st quarter valued at about $263,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SRAD. Canaccord Genuity Group reissued a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a research report on Wednesday, August 14th. JPMorgan Chase & Co. initiated coverage on shares of Sportradar Group in a research report on Tuesday, June 18th. They issued a “neutral” rating and a $12.00 price objective on the stock. JMP Securities raised shares of Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price objective for the company in a research report on Wednesday. Jefferies Financial Group raised Sportradar Group from a “hold” rating to a “buy” rating and increased their target price for the company from $12.00 to $16.00 in a report on Wednesday, August 14th. Finally, Benchmark restated a “buy” rating and issued a $12.00 price target on shares of Sportradar Group in a research note on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Sportradar Group presently has an average rating of “Moderate Buy” and a consensus target price of $14.63.

Sportradar Group Stock Performance

NASDAQ SRAD opened at $12.00 on Thursday. The company has a fifty day moving average of $11.22 and a two-hundred day moving average of $10.67. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.54 and a quick ratio of 1.54. Sportradar Group AG has a 1 year low of $8.08 and a 1 year high of $12.62. The company has a market capitalization of $13.34 billion, a PE ratio of 133.35, a P/E/G ratio of 4.58 and a beta of 2.06.

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.