Cornerstone Investment Partners LLC Invests $199,000 in Sportradar Group AG (NASDAQ:SRAD)

Cornerstone Investment Partners LLC acquired a new stake in shares of Sportradar Group AG (NASDAQ:SRAD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,487 shares of the company’s stock, valued at approximately $199,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted 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 buying an additional 28,878 shares during the last quarter. Jane Street Group LLC bought a new stake in Sportradar Group in the 3rd quarter valued at about $479,000. GSA Capital Partners LLP boosted its stake in Sportradar Group by 142.7% during the 3rd quarter. GSA Capital Partners LLP now owns 69,095 shares of the company’s stock valued at $837,000 after purchasing an additional 40,621 shares during the period. Moody National Bank Trust Division grew its position in Sportradar Group by 80.6% in the 4th 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. Finally, State of New Jersey Common Pension Fund D bought a new position in Sportradar Group in the 4th quarter worth about $406,000.

Sportradar Group Price Performance

Shares of Sportradar Group stock opened at $21.82 on Wednesday. Sportradar Group AG has a 52 week low of $9.17 and a 52 week high of $22.94. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The stock has a market cap of $24.25 billion, a PE ratio of 109.11, a price-to-earnings-growth ratio of 1.53 and a beta of 2.21. The company’s 50-day moving average price is $20.14 and its two-hundred day moving average price is $16.08.

Wall Street Analysts Forecast Growth

SRAD has been the subject of several analyst reports. Canaccord Genuity Group boosted their price objective on Sportradar Group from $20.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Benchmark boosted their price target on Sportradar Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Citigroup raised their price target on Sportradar Group from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Jefferies Financial Group lifted their price objective on shares of Sportradar Group from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Guggenheim started coverage on shares of Sportradar Group in a research report on Wednesday, February 26th. They issued a “buy” rating and a $27.00 target price for the company. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.67.

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.