Geode Capital Management LLC Sells 61,939 Shares of Sportradar Group AG (NASDAQ:SRAD)

Geode Capital Management LLC cut its stake in shares of Sportradar Group AG (NASDAQ:SRAD) by 33.2% during the 3rd quarter, Holdings Channel reports. The fund owned 124,624 shares of the company’s stock after selling 61,939 shares during the period. Geode Capital Management LLC’s holdings in Sportradar Group were worth $1,509,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Janus Henderson Group PLC boosted its position in shares of Sportradar Group by 14.9% during the 3rd quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock worth $43,384,000 after purchasing an additional 463,441 shares in the last quarter. Millennium Management LLC raised its stake in Sportradar Group by 133.7% during the 2nd quarter. Millennium Management LLC now owns 1,636,129 shares of the company’s stock worth $18,292,000 after buying an additional 935,909 shares during the period. Portolan Capital Management LLC bought a new position in Sportradar Group in the third quarter worth approximately $12,061,000. Divisadero Street Capital Management LP acquired a new stake in Sportradar Group in the second quarter valued at approximately $8,392,000. Finally, Marshall Wace LLP increased its holdings in shares of Sportradar Group by 152.8% during the second quarter. Marshall Wace LLP now owns 391,806 shares of the company’s stock valued at $4,380,000 after acquiring an additional 236,831 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SRAD shares. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 target price on shares of Sportradar Group in a report on Thursday, November 7th. Benchmark raised their price objective on shares of Sportradar Group from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. raised shares of Sportradar Group from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $12.00 to $15.00 in a research report on Monday, October 21st. Citigroup raised their price target on shares of Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, JMP Securities boosted their price objective on Sportradar Group from $17.00 to $19.00 and gave the stock a “market outperform” rating in a report on Monday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.38.

Sportradar Group Stock Up 2.3 %

Sportradar Group stock opened at $18.56 on Thursday. 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 market cap of $20.63 billion, a PE ratio of 92.80, a price-to-earnings-growth ratio of 2.12 and a beta of 2.18. Sportradar Group AG has a fifty-two week low of $9.17 and a fifty-two week high of $18.75. The firm’s 50-day simple moving average is $16.63 and its 200 day simple moving average is $13.38.

Sportradar Group 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.