R Squared Ltd Buys New Position in Sportradar Group AG (NASDAQ:SRAD)

R Squared Ltd purchased a new position in shares of Sportradar Group AG (NASDAQ:SRAD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,520 shares of the company’s stock, valued at approximately $44,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SRAD. Moody Aldrich Partners LLC acquired a new stake in Sportradar Group during the fourth quarter worth approximately $2,481,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Sportradar Group by 85.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock worth $48,000 after purchasing an additional 1,272 shares during the period. Moody National Bank Trust Division boosted its holdings in shares of Sportradar Group by 80.6% during the fourth quarter. Moody National Bank Trust Division now owns 136,926 shares of the company’s stock worth $2,374,000 after purchasing an additional 61,105 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Sportradar Group by 4.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 224,668 shares of the company’s stock valued at $3,896,000 after purchasing an additional 8,551 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Sportradar Group by 120.8% in the third quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company’s stock valued at $639,000 after purchasing an additional 28,878 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Jefferies Financial Group raised their price target on Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Needham & Company LLC restated a “buy” rating and issued a $16.00 target price on shares of Sportradar Group in a report on Thursday, November 7th. JMP Securities reaffirmed a “market outperform” rating and set a $19.00 price target on shares of Sportradar Group in a research note on Monday, January 27th. Morgan Stanley boosted their price objective on shares of Sportradar Group from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised Sportradar Group from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $12.00 to $15.00 in a research report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sportradar Group presently has an average rating of “Moderate Buy” and an average price target of $17.25.

Sportradar Group Stock Performance

NASDAQ:SRAD opened at $20.98 on Monday. The firm’s fifty day simple moving average is $18.31 and its 200 day simple moving average is $14.51. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. Sportradar Group AG has a twelve month low of $9.17 and a twelve month high of $21.51. The firm has a market capitalization of $23.32 billion, a price-to-earnings ratio of 104.91, a PEG ratio of 1.45 and a beta of 2.18.

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.