State of New Jersey Common Pension Fund D Invests $406,000 in Sportradar Group AG (NASDAQ:SRAD)

State of New Jersey Common Pension Fund D bought a new position in shares of Sportradar Group AG (NASDAQ:SRAD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,435 shares of the company's stock, valued at approximately $406,000.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Sportradar Group by 120.8% during the third quarter. JPMorgan Chase & Co. now owns 52,784 shares of the company's stock worth $639,000 after acquiring an additional 28,878 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Sportradar Group in the 3rd quarter valued at $479,000. GSA Capital Partners LLP boosted its holdings in shares of Sportradar Group by 142.7% in 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 last quarter. Moody National Bank Trust Division boosted its holdings in shares of Sportradar Group by 80.6% in the 4th quarter. Moody National Bank Trust Division now owns 136,926 shares of the company's stock valued at $2,374,000 after purchasing an additional 61,105 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of Sportradar Group in the 4th quarter valued at $415,000.

Wall Street Analyst Weigh In

SRAD has been the topic of a number of research analyst reports. Guggenheim initiated coverage on shares of Sportradar Group in a report on Wednesday. They issued a "buy" rating and a $27.00 price target on the stock. Citigroup lifted their price target on shares of 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 target price on shares of Sportradar Group from $17.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Canaccord Genuity Group lifted their target price on shares of Sportradar Group from $20.00 to $28.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, JMP Securities restated a "market outperform" rating and set a $19.00 target price on shares of Sportradar Group in a report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Sportradar Group currently has an average rating of "Moderate Buy" and a consensus price target of $19.67.

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Sportradar Group Stock Up 2.3 %

Sportradar Group stock traded up $0.48 during midday trading on Friday, hitting $21.61. 1,059,380 shares of the stock were exchanged, compared to its average volume of 851,810. Sportradar Group AG has a 1 year low of $9.17 and a 1 year high of $22.94. The firm has a market cap of $24.02 billion, a P/E ratio of 108.06, a P/E/G ratio of 1.53 and a beta of 2.21. 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 company has a 50 day moving average price of $20.06 and a two-hundred day moving average price of $15.93.

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.