11,487 Shares in Sportradar Group AG (NASDAQ:SRAD) Bought by Cornerstone Investment Partners LLC

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

A number of other institutional investors and hedge funds have also modified their holdings of the business. Janus Henderson Group PLC raised its stake in shares of Sportradar Group by 14.9% during the third 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. Portolan Capital Management LLC bought a new stake in shares of Sportradar Group during the third quarter worth approximately $12,061,000. New York State Common Retirement Fund bought a new stake in shares of Sportradar Group during the fourth quarter worth approximately $12,887,000. Cambiar Investors LLC bought a new stake in shares of Sportradar Group during the fourth quarter worth approximately $10,837,000. Finally, Concentric Capital Strategies LP bought a new stake in shares of Sportradar Group during the third quarter worth approximately $3,805,000.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SRAD shares. Benchmark upped their target price on shares of Sportradar Group from $14.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Jefferies Financial Group upped their target price 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. Guggenheim started coverage on shares of Sportradar Group in a research note on Wednesday, February 26th. They issued a "buy" rating and a $27.00 target price for the company. Canaccord Genuity Group upped their target price on shares of Sportradar Group from $20.00 to $28.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, Citigroup upped their target price on shares of Sportradar Group from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Sportradar Group has an average rating of "Moderate Buy" and an average price target of $19.67.

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Sportradar Group Stock Down 1.5 %

Shares of Sportradar Group stock traded down $0.31 on Friday, hitting $20.28. The company had a trading volume of 1,285,186 shares, compared to its average volume of 573,074. The firm has a market capitalization of $22.54 billion, a P/E ratio of 101.41, a P/E/G ratio of 1.53 and a beta of 2.19. Sportradar Group AG has a twelve month low of $9.17 and a twelve month high of $22.94. 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 stock has a 50-day moving average of $20.46 and a 200-day moving average of $16.29.

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.