Sportradar Group AG (NASDAQ:SRAD) Stock Holdings Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in shares of Sportradar Group AG (NASDAQ:SRAD) by 120.8% during the 3rd quarter, Holdings Channel reports. The fund owned 52,784 shares of the company’s stock after purchasing an additional 28,878 shares during the period. JPMorgan Chase & Co.’s holdings in Sportradar Group were worth $639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Portolan Capital Management LLC bought a new stake in shares of Sportradar Group in the 3rd quarter worth $12,061,000. Millennium Management LLC raised its stake in shares of Sportradar Group by 133.7% in 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 in the last quarter. Janus Henderson Group PLC raised its stake in shares of Sportradar Group by 14.9% in the 3rd quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company’s stock worth $43,384,000 after buying an additional 463,441 shares in the last quarter. Roubaix Capital LLC bought a new stake in shares of Sportradar Group in the 3rd quarter worth $4,131,000. Finally, Concentric Capital Strategies LP bought a new stake in shares of Sportradar Group in the 3rd quarter worth $3,805,000.

Sportradar Group Stock Down 2.9 %

Shares of Sportradar Group stock opened at $20.14 on Tuesday. The stock’s fifty day moving average is $18.02 and its 200-day moving average is $14.24. The firm has a market capitalization of $22.38 billion, a PE ratio of 100.71, a price-to-earnings-growth ratio of 1.42 and a beta of 2.18. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a 12-month low of $9.17 and a 12-month high of $20.92.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SRAD shares. JMP Securities reissued a “market outperform” rating and issued a $19.00 price objective on shares of Sportradar Group in a research note on Monday. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective on shares of Sportradar Group in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised Sportradar Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $12.00 to $15.00 in a research note on Monday, October 21st. Benchmark boosted their target price on Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group boosted their target price on Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Sportradar Group has an average rating of “Moderate Buy” and an average price target of $17.25.

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.