Robeco Institutional Asset Management B.V. Invests $415,000 in Sportradar Group AG (NASDAQ:SRAD)

Robeco Institutional Asset Management B.V. bought a new position in shares of Sportradar Group AG (NASDAQ:SRAD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,940 shares of the company’s stock, valued at approximately $415,000.

A number of other institutional investors and hedge funds have also modified their holdings of SRAD. Point72 Hong Kong Ltd acquired a new stake in Sportradar Group in the 3rd quarter valued at about $41,000. R Squared Ltd acquired a new stake in Sportradar Group in the 4th quarter worth about $44,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Sportradar Group by 85.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company’s stock valued at $48,000 after purchasing an additional 1,272 shares during the period. Barclays PLC increased its stake in Sportradar Group by 3,098.9% during the third quarter. Barclays PLC now owns 5,918 shares of the company’s stock worth $72,000 after acquiring an additional 5,733 shares during the last quarter. Finally, nVerses Capital LLC raised its stake in shares of Sportradar Group by 45.5% in the 3rd quarter. nVerses Capital LLC now owns 6,400 shares of the company’s stock valued at $78,000 after acquiring an additional 2,000 shares during the period.

Sportradar Group Stock Performance

SRAD opened at $21.29 on Wednesday. The stock has a 50-day moving average of $18.45 and a 200-day moving average of $14.65. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. Sportradar Group AG has a 52-week low of $9.17 and a 52-week high of $21.51. The company has a market cap of $23.66 billion, a PE ratio of 106.46, a price-to-earnings-growth ratio of 1.46 and a beta of 2.20.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. 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. JPMorgan Chase & Co. upgraded shares of Sportradar Group from a “neutral” rating to an “overweight” rating and increased their target price for the company from $12.00 to $15.00 in a research report on Monday, October 21st. Jefferies Financial Group boosted their price target on shares of Sportradar Group from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Benchmark lifted their target price on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Citigroup raised their price objective on Sportradar Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. One research 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, Sportradar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

About Sportradar Group

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.