Exchange Traded Concepts LLC Has $2.99 Million Holdings in Sportradar Group AG (NASDAQ:SRAD)

Exchange Traded Concepts LLC lowered its holdings in Sportradar Group AG (NASDAQ:SRAD - Free Report) by 44.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 172,255 shares of the company's stock after selling 140,407 shares during the period. Exchange Traded Concepts LLC's holdings in Sportradar Group were worth $2,987,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Quarry LP grew its holdings in Sportradar Group by 187.4% during the 2nd quarter. Quarry LP now owns 2,690 shares of the company's stock worth $30,000 after acquiring an additional 1,754 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Sportradar Group by 85.4% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,762 shares of the company's stock valued at $48,000 after buying an additional 1,272 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Sportradar Group in the third quarter worth about $41,000. Barclays PLC boosted its stake in Sportradar Group by 3,098.9% in the third quarter. Barclays PLC now owns 5,918 shares of the company's stock valued at $72,000 after acquiring an additional 5,733 shares during the period. Finally, nVerses Capital LLC grew its stake in Sportradar Group by 45.5% during the 3rd quarter. nVerses Capital LLC now owns 6,400 shares of the company's stock worth $78,000 after buying an additional 2,000 shares during the last quarter.

Sportradar Group Price Performance

Shares of Sportradar Group stock traded down $0.13 during trading on Friday, hitting $20.75. The stock had a trading volume of 438,510 shares, compared to its average volume of 882,865. The business has a fifty day moving average of $17.96 and a two-hundred day moving average of $14.18. The firm has a market cap of $23.06 billion, a P/E ratio of 103.76, a PEG ratio of 1.42 and a beta of 2.18. Sportradar Group AG has a fifty-two week low of $9.17 and a fifty-two week high of $20.92. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.53 and a quick ratio of 1.53.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SRAD shares. Morgan Stanley boosted their target price on shares of Sportradar Group from $12.00 to $13.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 22nd. Citigroup increased their price objective on Sportradar Group from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. JMP Securities lifted their target price on Sportradar Group from $17.00 to $19.00 and gave the company a "market outperform" rating in a research note on Monday, January 6th. Needham & Company LLC reissued a "buy" rating and issued a $16.00 price target on shares of Sportradar Group in a research note on Thursday, November 7th. Finally, Jefferies Financial Group raised their price target on Sportradar Group from $17.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $17.25.

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.