Jane Street Group LLC Invests $479,000 in Sportradar Group AG (NASDAQ:SRAD)

Jane Street Group LLC bought a new position in Sportradar Group AG (NASDAQ:SRAD - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 39,515 shares of the company's stock, valued at approximately $479,000.

Other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC lifted its position in Sportradar Group by 65.3% during the second quarter. Renaissance Technologies LLC now owns 343,700 shares of the company's stock valued at $3,843,000 after purchasing an additional 135,800 shares during the last quarter. Hsbc Holdings PLC purchased a new position in Sportradar Group in the second quarter worth about $189,000. Divisadero Street Capital Management LP bought a new stake in Sportradar Group during the second quarter worth approximately $8,392,000. Marshall Wace LLP raised its position in Sportradar Group by 152.8% during the second quarter. Marshall Wace LLP now owns 391,806 shares of the company's stock valued at $4,380,000 after purchasing an additional 236,831 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Sportradar Group by 133.7% in the 2nd quarter. Millennium Management LLC now owns 1,636,129 shares of the company's stock valued at $18,292,000 after purchasing an additional 935,909 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently weighed in on SRAD. JPMorgan Chase & Co. raised Sportradar Group from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $12.00 to $15.00 in a research report on Monday, October 21st. Morgan Stanley increased their target price on Sportradar Group from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 22nd. Needham & Company LLC restated a "buy" rating and issued a $16.00 price target on shares of Sportradar Group in a report on Thursday, November 7th. JMP Securities lifted their price objective on shares of Sportradar Group from $17.00 to $19.00 and gave the company a "market outperform" rating in a report on Monday. Finally, Citigroup upped their target price on shares of Sportradar Group from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $16.38.

Sportradar Group Stock Up 0.2 %

Shares of SRAD traded up $0.04 during mid-day trading on Tuesday, hitting $18.15. The company's stock had a trading volume of 1,252,046 shares, compared to its average volume of 883,761. The company's 50-day moving average is $16.63 and its 200-day moving average is $13.38. 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 firm has a market capitalization of $20.17 billion, a price-to-earnings ratio of 90.75, a PEG ratio of 2.12 and a beta of 2.18. Sportradar Group AG has a 52-week low of $9.17 and a 52-week high of $18.75.

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.