Dynamic Technology Lab Private Ltd Makes New Investment in Sportradar Group AG (NASDAQ:SRAD)

Dynamic Technology Lab Private Ltd purchased a new position in Sportradar Group AG (NASDAQ:SRAD - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 33,555 shares of the company's stock, valued at approximately $406,000.

Several other institutional investors also recently modified their holdings of SRAD. Aurora Investment Counsel grew its holdings in shares of Sportradar Group by 0.4% in the 3rd 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. GSA Capital Partners LLP boosted its position 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 period. Harbor Capital Advisors Inc. purchased a new position in Sportradar Group in the 3rd quarter worth about $2,617,000. Roubaix Capital LLC acquired a new stake in Sportradar Group during the 3rd quarter worth about $4,131,000. Finally, GW Henssler & Associates Ltd. purchased a new stake in Sportradar Group during the third quarter valued at about $150,000.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SRAD shares. Canaccord Genuity Group restated a "buy" rating and set a $16.00 price target on shares of Sportradar Group in a report on Wednesday, August 14th. Needham & Company LLC restated a "buy" rating and issued a $16.00 target price on shares of Sportradar Group in a report on Thursday, November 7th. JPMorgan Chase & Co. raised Sportradar Group from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $12.00 to $15.00 in a research report on Monday, October 21st. Citigroup upped their price target on Sportradar Group from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Finally, JMP Securities upgraded Sportradar Group from a "market perform" rating to an "outperform" rating and set a $16.00 price objective for the company in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $16.00.

Sportradar Group Stock Up 1.2 %

SRAD stock traded up $0.21 during mid-day trading on Friday, hitting $17.34. The stock had a trading volume of 258,372 shares, compared to its average volume of 1,030,905. Sportradar Group AG has a 1-year low of $9.17 and a 1-year high of $18.05. The company has a fifty day moving average of $13.92 and a 200 day moving average of $12.09. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $19.27 billion, a price-to-earnings ratio of 86.70, a PEG ratio of 2.12 and a beta of 2.05.

Sportradar Group Company 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.