Cambiar Investors LLC Acquires Shares of 624,983 Sportradar Group AG (NASDAQ:SRAD)

Cambiar Investors LLC bought a new stake in Sportradar Group AG (NASDAQ:SRAD - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 624,983 shares of the company's stock, valued at approximately $10,837,000. Cambiar Investors LLC owned 0.06% of Sportradar Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Portolan Capital Management LLC purchased a new stake in Sportradar Group during the 3rd quarter worth about $12,061,000. Janus Henderson Group PLC lifted its holdings in Sportradar Group by 14.9% during the 3rd quarter. Janus Henderson Group PLC now owns 3,582,528 shares of the company's stock worth $43,384,000 after buying an additional 463,441 shares during the last quarter. Roubaix Capital LLC purchased a new stake in Sportradar Group during the 3rd quarter worth about $4,131,000. Concentric Capital Strategies LP purchased a new stake in Sportradar Group during the 3rd quarter worth about $3,805,000. Finally, Wilson Asset Management International PTY Ltd. purchased a new stake in Sportradar Group during the 3rd quarter worth about $3,246,000.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SRAD. Needham & Company LLC reaffirmed a "buy" rating and set a $16.00 price target on shares of Sportradar Group in a report on Thursday, November 7th. Morgan Stanley lifted their target price on Sportradar Group from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. upgraded Sportradar Group from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $12.00 to $15.00 in a research report on Monday, October 21st. Citigroup lifted their target price on Sportradar Group from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Finally, Benchmark lifted their target price on Sportradar Group from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.25.

Sportradar Group Stock Performance

SRAD stock traded up $0.05 during trading on Friday, hitting $22.22. The company had a trading volume of 391,951 shares, compared to its average volume of 853,284. The firm has a market cap of $24.70 billion, a PE ratio of 111.11, a price-to-earnings-growth ratio of 1.49 and a beta of 2.21. Sportradar Group AG has a 1-year low of $9.17 and a 1-year high of $22.50. The firm has a 50-day moving average price of $19.14 and a 200-day moving average price of $15.18. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.04.

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.