Susquehanna Portfolio Strategies LLC Lowers Position in Sportradar Group AG (NASDAQ:SRAD)

Susquehanna Portfolio Strategies LLC cut its position in shares of Sportradar Group AG (NASDAQ:SRAD) by 30.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,895 shares of the company’s stock after selling 16,144 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in Sportradar Group were worth $412,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. nVerses Capital LLC boosted its holdings in shares of Sportradar Group by 120.0% during the 2nd quarter. nVerses Capital LLC now owns 4,400 shares of the company’s stock valued at $49,000 after buying an additional 2,400 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in Sportradar Group by 23.3% during the first quarter. Silvercrest Asset Management Group LLC now owns 25,363 shares of the company’s stock worth $295,000 after acquiring an additional 4,789 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Sportradar Group in the first quarter worth about $60,000. Adalta Capital Management LLC increased its stake in shares of Sportradar Group by 69.3% during the first quarter. Adalta Capital Management LLC now owns 16,925 shares of the company’s stock valued at $197,000 after purchasing an additional 6,925 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new position in shares of Sportradar Group during the first quarter valued at approximately $158,000.

Sportradar Group Price Performance

NASDAQ SRAD opened at $12.34 on Friday. The stock has a market capitalization of $13.72 billion, a price-to-earnings ratio of 137.13, a PEG ratio of 15.44 and a beta of 2.06. 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 current ratio of 1.54 and a quick ratio of 1.54. The business’s fifty day moving average price is $11.50 and its 200-day moving average price is $10.92.

Wall Street Analysts Forecast Growth

SRAD has been the topic of several recent research reports. Needham & Company LLC restated a “buy” rating and issued a $16.00 price target on shares of Sportradar Group in a research note on Wednesday, August 14th. Canaccord Genuity Group reissued a “buy” rating and issued a $16.00 target price on shares of Sportradar Group in a research note on Wednesday, August 14th. Benchmark reaffirmed a “buy” rating and issued a $12.00 price target on shares of Sportradar Group in a research report on Wednesday, August 14th. JMP Securities raised shares of Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 price objective on the stock in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. began coverage on shares of Sportradar Group in a report on Tuesday, June 18th. They issued a “neutral” rating and a $12.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.63.

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.