151,669 Shares in Sportradar Group AG (NASDAQ:SRAD) Bought by Lingotto Investment Management LLP

Lingotto Investment Management LLP bought a new position in Sportradar Group AG (NASDAQ:SRAD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 151,669 shares of the company's stock, valued at approximately $2,630,000.

Several other large investors have also made changes to their positions in the company. New York State Common Retirement Fund bought a new stake in shares of Sportradar Group in the 4th quarter worth about $12,887,000. State of New Jersey Common Pension Fund D bought a new stake in Sportradar Group during the 4th quarter worth about $406,000. Shaker Investments LLC OH grew its holdings in Sportradar Group by 102.1% during the 4th quarter. Shaker Investments LLC OH now owns 43,673 shares of the company's stock worth $757,000 after acquiring an additional 22,059 shares during the last quarter. Cambiar Investors LLC bought a new stake in Sportradar Group during the 4th quarter worth about $10,837,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in Sportradar Group during the 4th quarter worth about $415,000.

Sportradar Group Trading Up 2.3 %

Shares of SRAD stock traded up $0.48 during trading hours on Friday, reaching $21.61. The company had a trading volume of 1,059,380 shares, compared to its average volume of 851,810. The company has a 50 day moving average of $20.06 and a 200 day moving average of $15.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market cap of $24.02 billion, a price-to-earnings ratio of 108.06, a P/E/G ratio of 1.53 and a beta of 2.21. Sportradar Group AG has a 1-year low of $9.17 and a 1-year high of $22.94.

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Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Jefferies Financial Group increased their price objective on shares of Sportradar Group from $17.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. JMP Securities reissued a "market outperform" rating and set a $19.00 price objective on shares of Sportradar Group in a report on Monday, January 27th. Benchmark increased their price objective on shares of Sportradar Group from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Canaccord Genuity Group increased their price objective on shares of Sportradar Group from $20.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Finally, Guggenheim assumed coverage on shares of Sportradar Group in a report on Wednesday. They set a "buy" rating and a $27.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $19.67.

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.