M&T Bank Corp Invests $269,000 in Sportradar Group AG (NASDAQ:SRAD)

M&T Bank Corp acquired a new stake in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,489 shares of the company's stock, valued at approximately $269,000.

Several other hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP lifted its position in Sportradar Group by 142.7% during the third 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. Aurora Investment Counsel increased its stake in Sportradar Group by 0.4% during the third quarter. Aurora Investment Counsel now owns 180,544 shares of the company's stock worth $2,186,000 after acquiring an additional 706 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Sportradar Group in the 3rd quarter worth about $406,000. Quantbot Technologies LP purchased a new stake in shares of Sportradar Group during the third quarter valued at $139,000. Finally, Millrace Asset Group Inc. purchased a new position in Sportradar Group during the 3rd quarter worth $1,278,000.

Sportradar Group Trading Up 13.3 %

NASDAQ SRAD traded up $2.68 on Wednesday, hitting $22.76. 3,798,570 shares of the company were exchanged, compared to its average volume of 605,424. The firm has a market capitalization of $25.29 billion, a P/E ratio of 113.79, a price-to-earnings-growth ratio of 1.53 and a beta of 2.19. The company's 50 day moving average price is $20.79 and its 200-day moving average price is $16.76. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53. Sportradar Group AG has a twelve month low of $9.17 and a twelve month high of $22.94.

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Analyst Ratings Changes

A number of analysts have recently weighed in 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 report on Monday, January 27th. Guggenheim initiated coverage on Sportradar Group in a report on Wednesday, February 26th. They issued a "buy" rating and a $27.00 price objective on the stock. Jefferies Financial Group boosted their price objective on Sportradar Group from $17.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Canaccord Genuity Group upped 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, Citigroup boosted their price target on shares of Sportradar Group from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Sportradar Group has an average rating of "Moderate Buy" and a consensus 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.